87 shares of AutoZone, Inc. (NYSE:AZO) Acquired by Angeles Wealth Management LLC

Angeles Wealth Management LLC acquired a new position in shares of AutoZone, Inc. (NYSE:AZO – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 87 shares of the company’s stock, valued at approximately $258,000.

A number of other hedge funds have also bought and sold shares of AZO. Principal Securities Inc. bought a new stake in AutoZone in the fourth quarter valued at $471,000. Cary Street Partners Investment Advisory LLC boosted its holdings in AutoZone by 977.8% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 97 shares of the company’s stock worth $251,000 after acquiring an additional 88 shares during the period. QRG Capital Management Inc. boosted its holdings in AutoZone by 5.4% during the fourth quarter. QRG Capital Management Inc. now owns 195 shares of the company’s stock worth $504,000 after acquiring an additional 10 shares during the period. Avantax Advisory Services Inc. boosted its stake in AutoZone by 2.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 2,018 shares of the company’s stock valued at $5,218,000 after buying an additional 51 shares during the period. Finally, Quotient Wealth Partners LLC bought a new stake in shares of AutoZone in the fourth quarter valued at $209,000. 92.74% of shares are currently owned by institutional investors.

AutoZone’s stock fell 0.4%

Shares of AutoZone opened at $3,119.31 on Thursday. AutoZone, Inc. has a 52-week low of $2,375.35 and a 52-week high of $3,256.37. The company has a 50-day simple moving average of $3,074.75 and a 200-day simple moving average of $3,006.77. The stock has a market cap of $53.29 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 1.44 and a beta of 0.71.

Analysts on Wall Street are forecasting an increase

Several analysts have issued reports on the company. Mizuho cut their price target 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. Barclays cut their price target on AutoZone from $3,100.00 to $3,024.00 and set an “overweight” rating on the stock in a research note on Thursday, May 23rd. Wedbush restated an “outperform” rating and issued a $3,200.00 price target on shares of AutoZone in a research note on Wednesday, July 10th. Evercore ISI cut their price target on AutoZone from $3,278.00 to $3,275.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. Finally, UBS Group cut their price target on AutoZone from $3,465.00 to $3,340.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. AutoZone currently has a consensus rating of “Moderate Buy” and a consensus price target of $3,112.71, according to MarketBeat.com.

Check out our latest research report on AutoZone

AutoZone Company Profile

(Free Report)

AutoZone, Inc. retails and distributes auto parts and accessories in the United States, Mexico and Brazil. The company offers various products for cars, SUVs, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products.

Read more

Want to see what other hedge funds own AZO? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for AutoZone, Inc. (NYSE:AZO – Free Report).

Get news and reviews for AutoZone Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for AutoZone and related companies with MarketBeat.com’s FREE daily email newsletter.