AutoZone, Inc. (NYSE:AZO) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its stake in AutoZone, Inc. (NYSE:AZO) by 1.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,696 shares of the company’s stock after selling 44 shares during the period. Amalgamated Bank’s holdings in AutoZone were worth $10,955,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new stake in shares of AutoZone in the 1st quarter worth about $32,000. Riverview Trust Co bought a new position in AutoZone in the 1st quarter worth about $41,000. Meeder Asset Management Inc. increased its stake in shares of AutoZone by 50.0% in the second quarter. Meeder Asset Management Inc. now owns 15 shares of the company’s stock valued at $44,000 after purchasing an additional 5 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of AutoZone during the second quarter valued at approximately $50,000. Finally, ORG Partners LLC acquired a new position in shares of AutoZone during the second quarter worth approximately $50,000. 92.74% of the stock is currently owned by institutional investors.

AutoZone Stock Down 0.1 %

Shares of NYSE AZO opened at $3,074.71 on Thursday. The stock’s fifty day simple moving average is $3,100.68 and its 200 day simple moving average is $3,011.63. The stock has a market capitalization of $52.53 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 1.45 and a beta of 0.71. AutoZone, Inc. has a 52-week low of $2,375.35 and a 52-week high of $3,256.37.

Wall Street Analysts Forecast Growth

AZO has been the topic of several analyst reports. Oppenheimer restated a “market perform” rating and issued a $2,600.00 target price on shares of AutoZone in a research report on Wednesday, June 26th. StockNews.com upgraded shares of AutoZone from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Wolfe Research decreased their target price on shares of AutoZone from $3,150.00 to $3,000.00 and set an “outperform” rating for the company in a research report on Wednesday, May 22nd. Mizuho dropped their price target on shares of AutoZone from $3,450.00 to $3,280.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd. Finally, Citigroup decreased their price objective on shares of AutoZone from $3,420.00 to $3,250.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, AutoZone presently has a consensus rating of “Moderate Buy” and an average target price 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.