American Century Companies Inc. Has $11.35 Million Stake in AutoZone, Inc. (AZO)
American Century Companies Inc. reduced its stake in shares of AutoZone, Inc. (NYSE:AZO) by 89.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,900 shares of the company’s stock after selling 163,051 shares during the quarter. American Century Companies Inc. owned about 0.07% of AutoZone worth $11,352,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. American Beacon Advisors Inc. acquired a new position in shares of AutoZone during the 1st quarter worth about $104,000. Alpha Windward LLC grew its position in shares of AutoZone by 3.2% in the 2nd quarter. Alpha Windward LLC now owns 259 shares of the company’s stock valued at $148,000 after purchasing an additional 8 shares during the period. Global X Management Co. LLC grew its position in shares of AutoZone by 12.9% in the 2nd quarter. Global X Management Co. LLC now owns 323 shares of the company’s stock valued at $184,000 after purchasing an additional 37 shares during the period. Colony Group LLC acquired a new position in shares of AutoZone in the 1st quarter valued at approximately $205,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of AutoZone in the 1st quarter valued at approximately $219,000. Institutional investors own 96.06% of the company’s stock.
In related news, 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 transaction of $5,811,000.00. Following the sale, the vice president now directly owns 18,500 shares in the company, valued at approximately $10,750,350. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William Andrew Mckenna acquired 300 shares of the firm’s stock in a transaction that occurred on Thursday, July 13th. The shares were bought at an average price of $507.00 per share, for a total transaction of $152,100.00. Following the completion of the purchase, the director now owns 5,131 shares in the company, valued at approximately $2,601,417. The disclosure for this purchase can be found here. Insiders own 2.60% of the company’s stock.
Several equities analysts recently issued reports on AZO shares. Oppenheimer Holdings, Inc. decreased their price objective on AutoZone and set an “outperform” rating for the company in a research report on Thursday, July 20th. ValuEngine upgraded AutoZone from a “hold” rating to a “buy” rating in a research report on Wednesday, May 24th. Deutsche Bank AG decreased their price objective 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. decreased their price objective 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 lowered AutoZone from an “overweight” rating to an “equal weight” rating in a research report on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $774.36.
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AutoZone, Inc. (AZO) opened at 538.77 on Tuesday. The firm has a 50-day moving average price of $521.75 and a 200-day moving average price of $627.88. The firm has a market capitalization of $15.10 billion, a price-to-earnings ratio of 12.45 and a beta of 0.62. AutoZone, Inc. has a one year low of $491.13 and a one year high of $813.70.
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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