Kiely Wealth Advisory Group Inc. Trims Stock Position in AutoZone, Inc. (NYSE:AZO)

Kiely Wealth Advisory Group Inc. decreased its position in shares of AutoZone, Inc. (NYSE:AZO) by 13.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 165 shares of the company’s stock after selling 25 shares during the quarter. AutoZone makes up about 0.3% of Kiely Wealth Advisory Group Inc.’s holdings, making the stock its 16th largest position. Kiely Wealth Advisory Group Inc.’s holdings in AutoZone were worth $520,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AZO. Quent Capital LLC increased its position in shares of AutoZone by 4.8% in the first quarter. Quent Capital LLC now owns 88 shares of the company’s stock valued at $277,000 after buying an additional 4 shares in the last quarter. Mather Group LLC. raised its position in AutoZone by 1.8% during the second quarter. Mather Group LLC. now owns 224 shares of the company’s stock worth $706,000 after acquiring an additional 4 shares during the last quarter. Conning Inc. lifted its holdings in shares of AutoZone by 4.3% in the second quarter. Conning Inc. now owns 98 shares of the company’s stock valued at $290,000 after purchasing an additional 4 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of AutoZone by 14.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 32 shares of the company’s stock valued at $95,000 after purchasing an additional 4 shares during the last quarter. Finally, Brighton Jones LLC grew its position in shares of AutoZone by 4.1% in the second quarter. Brighton Jones LLC now owns 101 shares of the company’s stock valued at $299,000 after purchasing an additional 4 shares during the last quarter. 92.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on AZO shares. Wedbush reaffirmed an “outperform” rating and issued a $3,200.00 target price on shares of AutoZone in a research note on Thursday. Guggenheim upped their price objective 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. StockNews.com cut AutoZone from a “buy” rating to a “hold” rating in a research report on Saturday. Evercore ISI reduced their target price on shares of AutoZone from $3,900.00 to $3,350.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Oppenheimer reiterated a “market perform” rating and set a $2,600.00 price target on shares of AutoZone in a report on Wednesday, June 26th. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $3,117.12.

AutoZone Trading Down 0.8 %

Shares of AZO opened at $3,016.89 on Friday. AutoZone, Inc. has a twelve month low of $2,375.35 and a twelve month high of $3,256.37. The firm has a market capitalization of $51.54 billion, a P/E ratio of 20.87, a price-to-earnings-growth ratio of 1.45 and a beta of 0.71. The stock’s fifty day simple moving average is $3,105.66 and its 200 day simple moving average is $3,011.39.

AutoZone 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.