Northwestern Mutual Wealth Management Co. grew its position in shares of AutoZone, Inc. (NYSE:AZO) by 10.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,611 shares of the company’s stock after buying an additional 940 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in AutoZone were worth $5,482,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of the business. Alpha Windward LLC grew its stake in AutoZone by 3.2% during the second quarter. Alpha Windward LLC now owns 259 shares of the company’s stock worth $148,000 after buying an additional 8 shares during the last quarter. Nippon Life Insurance Co. grew its stake in AutoZone by 0.4% during the second quarter. Nippon Life Insurance Co. now owns 2,022 shares of the company’s stock worth $1,153,000 after buying an additional 8 shares during the last quarter. Bristlecone Advisors LLC grew its stake in AutoZone by 1.2% during the first quarter. Bristlecone Advisors LLC now owns 856 shares of the company’s stock worth $619,000 after buying an additional 10 shares during the last quarter. Pacer Advisors Inc. grew its stake in AutoZone by 2.2% during the first quarter. Pacer Advisors Inc. now owns 507 shares of the company’s stock worth $367,000 after buying an additional 11 shares during the last quarter. Finally, Strs Ohio grew its stake in AutoZone by 1.1% during the first quarter. Strs Ohio now owns 1,135 shares of the company’s stock worth $820,000 after buying an additional 12 shares during the last quarter. 96.06% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have weighed in on AZO. Bank of America Corporation reaffirmed a “buy” rating and set a $625.00 price objective on shares of AutoZone in a research note on Tuesday, September 5th. TheStreet raised shares of AutoZone from a “d+” rating to a “c” rating in a research note on Wednesday, June 7th. Zacks Investment Research raised shares of AutoZone from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. BTIG Research reaffirmed a “buy” rating and set a $825.00 price objective on shares of AutoZone in a research note on Wednesday, May 24th. Finally, Wedbush cut shares of AutoZone from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $660.00 to $650.00 in a research note on Tuesday, May 30th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $776.64.
In other AutoZone news, Director William Andrew Mckenna bought 300 shares of AutoZone stock in a transaction on Thursday, July 13th. The shares were purchased at an average cost of $507.00 per share, with a total value of $152,100.00. Following the acquisition, the director now directly owns 5,131 shares of the company’s stock, valued at approximately $2,601,417. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP William T. Giles sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $581.10, for a total transaction of $5,811,000.00. Following the sale, the vice president now directly owns 18,500 shares in the company, valued at $10,750,350. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.
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Shares of AutoZone, Inc. (AZO) traded down 0.604% during trading on Monday, reaching $537.245. 57,134 shares of the company’s stock were exchanged. The stock has a market cap of $15.06 billion, a PE ratio of 12.410 and a beta of 0.62. AutoZone, Inc. has a 52-week low of $491.13 and a 52-week high of $813.70. The stock’s 50 day moving average price is $527.42 and its 200-day moving average price is $620.55.
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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