Bokf Na Trims Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Bokf Na reduced its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 5.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 798 shares of the company’s stock after selling 46 shares during the quarter. Bokf Na’s holdings in AutoZone were worth $2,365,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Johnson Investment Counsel Inc. raised its holdings in AutoZone by 2.0% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 300 shares of the company’s stock valued at $889,000 after acquiring an additional 6 shares during the period. Hazlett Burt & Watson Inc. grew its position in shares of AutoZone by 20.6% in the second quarter. Hazlett Burt & Watson Inc. now owns 82 shares of the company’s stock valued at $242,000 after purchasing an additional 14 shares in the last quarter. Kinsale Capital Group Inc. raised its stake in shares of AutoZone by 22.3% during the 2nd quarter. Kinsale Capital Group Inc. now owns 1,423 shares of the company’s stock valued at $4,218,000 after purchasing an additional 259 shares during the period. Angeles Wealth Management LLC purchased a new stake in AutoZone during the 2nd quarter worth about $258,000. Finally, Coldstream Capital Management Inc. boosted its stake in AutoZone by 9.5% in the 2nd quarter. Coldstream Capital Management Inc. now owns 474 shares of the company’s stock worth $1,405,000 after purchasing an additional 41 shares during the period. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AZO shares. Guggenheim upped their price target on AutoZone from $3,150.00 to $3,225.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Evercore ISI decreased their target price on shares of AutoZone from $3,278.00 to $3,275.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd. Wolfe Research cut their price target on shares of AutoZone from $3,150.00 to $3,000.00 and set an “outperform” rating for the company in a report on Wednesday, May 22nd. Morgan Stanley reduced their price target on shares of AutoZone from $3,100.00 to $3,038.00 and set an “overweight” rating for the company in a research report on Wednesday, May 22nd. Finally, StockNews.com upgraded AutoZone from a “hold” rating to a “buy” rating in a research report on Friday. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $3,112.71.

AutoZone Price Performance

NYSE:AZO opened at $3,116.82 on Friday. The company has a market capitalization of $53.24 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 1.45 and a beta of 0.71. The business has a 50 day moving average of $3,085.95 and a 200 day moving average of $3,009.85. AutoZone, Inc. has a 1-year low of $2,375.35 and a 1-year high of $3,256.37.

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.