Gulf International Bank UK Ltd Sells 25 Shares of AutoZone, Inc. (NYSE:AZO)

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.

AZO has been the subject of several recent research reports. DA Davidson downgraded shares of AutoZone from a “buy” rating to a “neutral” rating and set a $1,600.00 target price for the company. in a research report on Monday. Wells Fargo & Company upped their price objective on shares of AutoZone from $1,700.00 to $1,750.00 and gave the stock an “overweight” rating in a research report on Monday. Raymond James downgraded shares of AutoZone from a “strong-buy” rating to an “outperform” rating and upped their price objective for the stock from $1,700.00 to $1,750.00 in a research report on Tuesday, July 27th. Citigroup reissued a “buy” rating and set a $1,636.00 target price (down from $1,700.00) on shares of AutoZone in a research report on Wednesday, June 2nd. Finally, Argus lowered AutoZone from a “buy” rating to a “hold” rating in a report on Monday, June 7th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $1,567.06.

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.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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