Hancock Holding Co. cut its stake in AutoZone Inc. (NYSE:AZO) by 96.5% during the second quarter, Holdings Channel reports. The fund owned 694 shares of the company’s stock after selling 19,048 shares during the period. Hancock Holding Co.’s holdings in AutoZone were worth $551,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Suntrust Banks Inc. boosted its stake in AutoZone by 0.4% in the second quarter. Suntrust Banks Inc. now owns 1,418 shares of the company’s stock valued at $1,124,000 after buying an additional 5 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in AutoZone by 1.5% in the second quarter. Janney Montgomery Scott LLC now owns 600 shares of the company’s stock valued at $445,000 after buying an additional 9 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in AutoZone by 0.4% in the second quarter. Advisors Asset Management Inc. now owns 2,090 shares of the company’s stock valued at $1,659,000 after buying an additional 9 shares during the last quarter. Checchi Capital Advisers LLC boosted its stake in AutoZone by 5.2% in the second quarter. Checchi Capital Advisers LLC now owns 347 shares of the company’s stock valued at $275,000 after buying an additional 17 shares during the last quarter. Finally, Norinchukin Bank The boosted its stake in AutoZone by 0.7% in the second quarter. Norinchukin Bank The now owns 3,426 shares of the company’s stock valued at $2,720,000 after buying an additional 23 shares during the last quarter. 95.35% of the stock is currently owned by institutional investors.

Shares of AutoZone Inc. (NYSE:AZO) traded down 0.23% during midday trading on Tuesday, hitting $744.66. 98,759 shares of the stock were exchanged. AutoZone Inc. has a 12 month low of $681.01 and a 12 month high of $819.54. The stock has a market cap of $21.77 billion, a price-to-earnings ratio of 18.92 and a beta of 0.42. The firm’s 50-day moving average is $770.12 and its 200-day moving average is $777.52.

AZO has been the topic of several research reports. Credit Suisse Group AG set a $870.00 price objective on AutoZone and gave the company a “buy” rating in a research report on Saturday. Zacks Investment Research cut AutoZone from a “hold” rating to a “sell” rating in a research report on Thursday, September 1st. Jefferies Group initiated coverage on AutoZone in a research report on Thursday, May 26th. They set a “hold” rating on the stock. Susquehanna initiated coverage on AutoZone in a research report on Thursday, August 25th. They set a “neutral” rating and a $810.00 price objective on the stock. Finally, BTIG Research initiated coverage on AutoZone in a research report on Wednesday, June 1st. They set a “buy” rating and a $900.00 price objective on the stock. Eleven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $843.39.

In other AutoZone news, Director William Andrew Mckenna sold 3,000 shares of the firm’s stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $800.25, for a total value of $2,400,750.00. Following the completion of the transaction, the director now owns 7,597 shares of the company’s stock, valued at $6,079,499.25. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Thomas B. Newbern sold 16,870 shares of the firm’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $799.82, for a total transaction of $13,492,963.40. Following the completion of the transaction, the insider now directly owns 15,977 shares of the company’s stock, valued at approximately $12,778,724.14. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by company insiders.

AutoZone Company Profile

AutoZone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company’s operating segments include Auto Parts Locations and Other. The Auto Parts Locations segment comprises Domestic Auto Parts, Mexico, Brazil and Interamerican Motor Corporation (IMC).

5 Day Chart for NYSE:AZO

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