AutoZone, Inc. (NYSE:AZO) Shares Sold by KCM Investment Advisors LLC

KCM Investment Advisors LLC reduced its stake in shares of AutoZone, Inc. (NYSE:AZO) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,210 shares of the company’s stock after selling 21 shares during the period. KCM Investment Advisors LLC’s holdings in AutoZone were worth $3,587,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rise Advisors LLC bought a new position in shares of AutoZone during the first quarter valued at approximately $32,000. Riverview Trust Co acquired a new position in AutoZone in the first quarter worth approximately $41,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of AutoZone during the 2nd quarter worth $50,000. ORG Partners LLC acquired a new stake in shares of AutoZone during the second quarter worth $50,000. Finally, Private Wealth Management Group LLC purchased a new stake in shares of AutoZone during the fourth quarter valued at $54,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on AZO. Oppenheimer restated a “market perform” rating and issued a $2,600.00 target price on shares of AutoZone in a report on Wednesday, June 26th. Citigroup reduced their target price on shares of AutoZone from $3,420.00 to $3,250.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd. UBS Group cut their price target on shares of AutoZone from $3,465.00 to $3,340.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. Mizuho cut their price objective on AutoZone from $3,450.00 to $3,280.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. Finally, Wedbush reiterated an “outperform” rating and set a $3,200.00 price target on shares of AutoZone in a report on Wednesday, July 10th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AutoZone currently has an average rating of “Moderate Buy” and an average target price of $3,112.71.

AutoZone Price Performance

Shares of AZO traded down $23.25 during trading hours on Friday, hitting $3,181.48. The stock had a trading volume of 128,985 shares, compared to its average volume of 142,362. AutoZone, Inc. has a 52 week low of $2,375.35 and a 52 week high of $3,256.37. The stock has a market capitalization of $54.35 billion, a price-to-earnings ratio of 22.00, a P/E/G ratio of 1.58 and a beta of 0.71. The company’s fifty day moving average is $3,035.72 and its two-hundred day moving average is $2,979.10.

AutoZone Company Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides 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.