Meiji Yasuda Asset Management Co Ltd. Boosts Stock Position in AutoZone, Inc. (NYSE:AZO)

Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 4.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 386 shares of the company’s stock after purchasing an additional 18 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in AutoZone were worth $1,144,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AZO. Quent Capital LLC raised its stake in shares of AutoZone by 4.8% in the 1st quarter. Quent Capital LLC now owns 88 shares of the company’s stock worth $277,000 after buying an additional 4 shares in the last quarter. Mather Group LLC. boosted its stake in shares of AutoZone by 1.8% during the 2nd quarter. Mather Group LLC. now owns 224 shares of the company’s stock worth $706,000 after acquiring an additional 4 shares in the last quarter. Conning Inc. boosted its stake in shares of AutoZone by 4.3% during the 2nd quarter. Conning Inc. now owns 98 shares of the company’s stock worth $290,000 after acquiring an additional 4 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of AutoZone by 14.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 32 shares of the company’s stock worth $95,000 after acquiring an additional 4 shares in the last quarter. Finally, Hohimer Wealth Management LLC boosted its stake in AutoZone by 1.4% during the 4th quarter. Hohimer Wealth Management LLC now owns 366 shares of the company’s stock valued at $946,000 after purchasing an additional 5 shares during the period. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

AutoZone Trading Down 1.1 %

Shares of AutoZone stock opened at $3,040.09 on Friday. AutoZone, Inc. has a 12-month low of $2,375.35 and a 12-month high of $3,256.37. The firm has a market capitalization of $51.93 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 1.45 and a beta of 0.71. The firm’s 50 day simple moving average is $3,103.78 and its two-hundred day simple moving average is $3,011.83.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Guggenheim raised their target price on AutoZone from $3,150.00 to $3,225.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Barclays decreased their price objective on AutoZone from $3,100.00 to $3,024.00 and set an “overweight” rating for the company in a research note on Thursday, May 23rd. Oppenheimer reiterated a “market perform” rating and set a $2,600.00 target price on shares of AutoZone in a report on Wednesday, June 26th. Evercore ISI reduced their target price on AutoZone from $3,278.00 to $3,275.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd. Finally, Wedbush reiterated an “outperform” rating and set a $3,200.00 target price on shares of AutoZone in a report on Thursday. Two equities research analysts have rated the stock with a hold rating, sixteen 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 has an average rating of “Moderate Buy” and a consensus 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.