Gulf International Bank UK Ltd decreased its holdings in AutoZone, Inc. (NYSE:AZO) by 0.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,661 shares of the company’s stock after selling 25 shares during the quarter. Gulf International Bank UK Ltd’s holdings in AutoZone were worth $6,955,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC acquired a new position in AutoZone in the second quarter valued at $28,000. Allred Capital Management LLC acquired a new position in shares of AutoZone during the first quarter valued at about $31,000. Vigilant Capital Management LLC acquired a new position in shares of AutoZone during the second quarter valued at about $34,000. WealthShield Partners LLC raised its holdings in shares of AutoZone by 283.3% during the second quarter. WealthShield Partners LLC now owns 23 shares of the company’s stock valued at $34,000 after purchasing an additional 17 shares during the period. Finally, Cranbrook Wealth Management LLC acquired a new position in shares of AutoZone during the first quarter valued at about $41,000. Institutional investors and hedge funds own 87.65% of the company’s stock.
NYSE AZO opened at $1,563.77 on Wednesday. The stock has a market capitalization of $33.69 billion, a PE ratio of 17.19, a PEG ratio of 1.46 and a beta of 0.94. AutoZone, Inc. has a 1 year low of $1,085.85 and a 1 year high of $1,666.63. The business’s 50-day moving average is $1,593.36 and its 200 day moving average is $1,477.12.
In other news, VP Ronald B. Griffin sold 7,017 shares of the company’s stock in a transaction dated Friday, July 16th. The shares were sold at an average price of $1,608.29, for a total transaction of $11,285,370.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William C. Rhodes III sold 14,535 shares of the business’s stock in a transaction that occurred on Thursday, July 1st. The shares were sold at an average price of $1,511.74, for a total transaction of $21,973,140.90. Following the sale, the chief executive officer now owns 33,491 shares of the company’s stock, valued at $50,629,684.34. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,944 shares of company stock worth $52,299,958. Insiders own 2.80% of the company’s stock.
AutoZone Company Profile
AutoZone, Inc engages in the retail and distribution of automotive replacement parts and accessories. The firm offers ALLDATA, which produces, sells and maintains diagnostic and repair information software used in the automotive repair industry and E-commerce, which includes direct sales to customers.
Read More: Commodities
Receive News & Ratings for AutoZone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoZone and related companies with MarketBeat.com's FREE daily email newsletter.