Walter Public Investments Inc. Has $23.61 Million Stake in AutoZone, Inc. (NYSE:AZO)

Walter Public Investments Inc. grew its stake in AutoZone, Inc. (NYSE:AZO) by 8.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,964 shares of the company’s stock after purchasing an additional 608 shares during the period. AutoZone makes up about 4.3% of Walter Public Investments Inc.’s portfolio, making the stock its 4th biggest position. Walter Public Investments Inc.’s holdings in AutoZone were worth $23,606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of AZO. QRG Capital Management Inc. lifted its stake in shares of AutoZone by 5.4% in the 4th quarter. QRG Capital Management Inc. now owns 195 shares of the company’s stock valued at $504,000 after purchasing an additional 10 shares during the last quarter. Kingsview Wealth Management LLC raised its holdings in shares of AutoZone by 21.2% in the fourth quarter. Kingsview Wealth Management LLC now owns 143 shares of the company’s stock worth $369,000 after buying an additional 25 shares during the period. ING Groep NV raised its holdings in shares of AutoZone by 2,746.8% in the fourth quarter. ING Groep NV now owns 2,249 shares of the company’s stock worth $5,815,000 after buying an additional 2,170 shares during the period. Norges Bank purchased a new stake in shares of AutoZone in the fourth quarter worth approximately $678,350,000. Finally, PineStone Asset Management Inc. raised its holdings in shares of AutoZone by 28.0% in the fourth quarter. PineStone Asset Management Inc. now owns 214,979 shares of the company’s stock worth $555,852,000 after buying an additional 47,027 shares during the period. 92.74% of the stock is owned by institutional investors.

AutoZone Trading Up 0.6 %

AZO opened at $3,123.36 on Monday. The firm has a market cap of $53.36 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 1.45 and a beta of 0.71. AutoZone, Inc. has a 12 month low of $2,375.35 and a 12 month high of $3,256.37. The stock has a fifty day moving average price of $3,085.95 and a 200-day moving average price of $3,010.20.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AZO shares. Guggenheim increased their price target on AutoZone from $3,150.00 to $3,225.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Wedbush reiterated an “outperform” rating and issued a $3,200.00 price target on shares of AutoZone in a report on Wednesday, July 10th. Wolfe Research reduced their price objective on AutoZone from $3,150.00 to $3,000.00 and set an “outperform” rating on the stock in a report on Wednesday, May 22nd. Citigroup reduced their price objective on AutoZone from $3,420.00 to $3,250.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. Finally, Barclays reduced their price objective on AutoZone from $3,100.00 to $3,024.00 and set an “overweight” rating on the stock in a report on Thursday, May 23rd. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $3,112.71.

About AutoZone

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.