WFG Advisors LP raised its stake in AutoZone, Inc. (NYSE:AZO) by 46.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 540 shares of the company’s stock after purchasing an additional 171 shares during the period. WFG Advisors LP’s holdings in AutoZone were worth $308,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Toronto Dominion Bank increased its holdings in shares of AutoZone by 52.5% in the second quarter. Toronto Dominion Bank now owns 12,747 shares of the company’s stock valued at $7,273,000 after purchasing an additional 4,388 shares during the last quarter. Archford Capital Strategies LLC increased its holdings in shares of AutoZone by 42,875.0% in the second quarter. Archford Capital Strategies LLC now owns 12,033 shares of the company’s stock valued at $603,000 after purchasing an additional 12,005 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of AutoZone by 1.1% in the second quarter. Cetera Investment Advisers now owns 730 shares of the company’s stock valued at $417,000 after purchasing an additional 8 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of AutoZone by 16.6% in the second quarter. Public Employees Retirement System of Ohio now owns 44,298 shares of the company’s stock valued at $25,270,000 after purchasing an additional 6,316 shares during the last quarter. Finally, Koch Industries Inc. acquired a new position in shares of AutoZone in the second quarter valued at $297,000. Hedge funds and other institutional investors own 96.72% of the company’s stock.

In other news, Director William Andrew Mckenna sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $584.96, for a total transaction of $1,754,880.00. Following the transaction, the director now directly owns 8,131 shares of the company’s stock, valued at $4,756,309.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.60% of the company’s stock.

Several equities analysts have commented on AZO shares. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of AutoZone in a report on Tuesday, June 20th. Bank of America Corporation reiterated a “buy” rating and issued a $625.00 price objective on shares of AutoZone in a report on Tuesday, September 5th. Citigroup Inc. reiterated a “buy” rating and issued a $700.00 price objective on shares of AutoZone in a report on Wednesday, September 20th. UBS AG reiterated a “buy” rating and issued a $655.00 price objective (down from $725.00) on shares of AutoZone in a report on Wednesday, September 20th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $583.00 price objective on shares of AutoZone in a report on Wednesday, September 20th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $735.85.

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AutoZone (NYSE:AZO) last released its earnings results on Tuesday, September 19th. The company reported $15.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $15.11 by $0.07. AutoZone had a negative return on equity of 74.48% and a net margin of 11.76%. The company had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter in the previous year, the company posted $14.30 EPS. AutoZone’s quarterly revenue was up 3.3% compared to the same quarter last year.

AutoZone Company 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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