Bridgewater Associates LP purchased a new position in shares of AutoZone, Inc. (NYSE:AZO) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 11,757 shares of the company’s stock, valued at approximately $6,707,000.

A number of other large investors have also recently added to or reduced their stakes in AZO. BlackRock Inc. boosted its position in AutoZone by 2,993.2% during the 1st quarter. BlackRock Inc. now owns 2,029,985 shares of the company’s stock worth $1,467,778,000 after acquiring an additional 1,964,358 shares during the last quarter. JPMorgan Chase & Co. boosted its position in AutoZone by 59.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,018,416 shares of the company’s stock worth $580,966,000 after acquiring an additional 380,824 shares during the last quarter. OppenheimerFunds Inc. boosted its position in AutoZone by 103.6% during the 1st quarter. OppenheimerFunds Inc. now owns 693,624 shares of the company’s stock worth $501,525,000 after acquiring an additional 352,990 shares during the last quarter. CI Global Investments Inc. boosted its position in AutoZone by 437.2% during the 2nd quarter. CI Global Investments Inc. now owns 321,207 shares of the company’s stock worth $183,236,000 after acquiring an additional 261,417 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new position in AutoZone during the 1st quarter worth approximately $114,285,000. 96.06% of the stock is owned by hedge funds and other institutional investors.

AZO has been the subject of a number of recent research reports. Oppenheimer Holdings, Inc. reduced their price target on AutoZone and set an “outperform” rating for the company in a research report on Thursday, July 20th. ValuEngine raised AutoZone from a “hold” rating to a “buy” rating in a research report on Wednesday, May 24th. Deutsche Bank AG reduced their price target on AutoZone from $800.00 to $650.00 and set a “hold” rating for the company in a research report on Thursday, May 25th. Citigroup Inc. reduced their price target on AutoZone from $920.00 to $750.00 and set a “buy” rating for the company in a research report on Thursday, May 25th. Finally, Morgan Stanley downgraded AutoZone from an “overweight” rating to an “equal weight” rating in a research report on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $776.64.

In other AutoZone news, Director William Andrew Mckenna acquired 300 shares of the business’s stock in a transaction on Thursday, July 13th. The shares were acquired at an average price of $507.00 per share, with a total value of $152,100.00. Following the completion of the transaction, the director now owns 5,131 shares in the company, valued at $2,601,417. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP William T. Giles sold 10,000 shares of the business’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $581.10, for a total value of $5,811,000.00. Following the completion of the transaction, the vice president now directly owns 18,500 shares in the company, valued at approximately $10,750,350. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.

AutoZone, Inc. (NYSE:AZO) traded down 0.50% during midday trading on Thursday, reaching $566.47. The company had a trading volume of 105,219 shares. The stock’s 50 day moving average is $529.31 and its 200 day moving average is $617.88. The firm has a market capitalization of $15.88 billion, a price-to-earnings ratio of 13.09 and a beta of 0.62. AutoZone, Inc. has a 12-month low of $491.13 and a 12-month high of $813.70.

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AutoZone Profile

Autozone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of August 27, 2016, the Company operated through 5,814 locations in the United States, Puerto Rico, Mexico and Brazil.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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