S. Muoio & CO. LLC decreased its position in AutoZone, Inc. (NYSE:AZO) by 24.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,700 shares of the company’s stock after selling 2,200 shares during the period. AutoZone makes up 2.8% of S. Muoio & CO. LLC’s portfolio, making the stock its 8th largest position. S. Muoio & CO. LLC’s holdings in AutoZone were worth $4,495,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Synovus Financial Corp acquired a new stake in shares of AutoZone during the 1st quarter worth approximately $135,000. Bronfman E.L. Rothschild L.P. boosted its position in shares of AutoZone by 197.5% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 235 shares of the company’s stock worth $158,000 after acquiring an additional 156 shares in the last quarter. First Interstate Bank boosted its position in shares of AutoZone by 332.7% during the 2nd quarter. First Interstate Bank now owns 238 shares of the company’s stock worth $160,000 after acquiring an additional 183 shares in the last quarter. Ledyard National Bank boosted its position in shares of AutoZone by 62.5% during the 2nd quarter. Ledyard National Bank now owns 260 shares of the company’s stock worth $174,000 after acquiring an additional 100 shares in the last quarter. Finally, Truepoint Inc. acquired a new stake in shares of AutoZone during the 2nd quarter worth approximately $201,000. Institutional investors own 91.60% of the company’s stock.

In other AutoZone news, insider Philip B. Daniele sold 740 shares of AutoZone stock in a transaction dated Friday, June 22nd. The shares were sold at an average price of $683.54, for a total value of $505,819.60. Following the sale, the insider now owns 1,072 shares of the company’s stock, valued at $732,754.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Albert Saltiel sold 2,150 shares of AutoZone stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $717.90, for a total transaction of $1,543,485.00. Following the completion of the sale, the insider now directly owns 2,297 shares in the company, valued at approximately $1,649,016.30. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

AutoZone stock traded down $16.10 during midday trading on Friday, hitting $749.20. 450,390 shares of the stock were exchanged, compared to its average volume of 208,261. AutoZone, Inc. has a 52-week low of $533.00 and a 52-week high of $797.89. The stock has a market cap of $20.20 billion, a PE ratio of 17.41, a price-to-earnings-growth ratio of 1.01 and a beta of 0.87. The company has a debt-to-equity ratio of -3.64, a quick ratio of 0.14 and a current ratio of 0.95.

A number of analysts have weighed in on AZO shares. Wells Fargo & Co restated a “buy” rating and issued a $700.00 target price on shares of AutoZone in a research report on Tuesday, May 22nd. Wedbush dropped their price target on shares of AutoZone from $750.00 to $680.00 and set an “outperform” rating for the company in a research note on Wednesday, May 23rd. JPMorgan Chase & Co. dropped their price target on shares of AutoZone from $900.00 to $800.00 and set an “overweight” rating for the company in a research note on Wednesday, May 23rd. Morgan Stanley lowered their target price on shares of AutoZone from $750.00 to $700.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 23rd. Finally, Royal Bank of Canada lowered their target price on shares of AutoZone to $668.00 and set a “market perform” rating for the company in a research note on Wednesday, May 23rd. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. AutoZone currently has an average rating of “Buy” and a consensus price target of $759.07.

About AutoZone

AutoZone, Inc retails and distributes automotive replacement parts and accessories. It offers various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. The company's products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, carburetors, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, thermostats, starters and alternators, and water pumps.

Further Reading: Moving Average (MA)

Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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