Mount Yale Investment Advisors LLC Purchases 83 Shares of AutoZone, Inc. (NYSE:AZO)

Mount Yale Investment Advisors LLC grew its position in shares of AutoZone, Inc. (NYSE:AZO) by 31.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 351 shares of the company’s stock after purchasing an additional 83 shares during the period. Mount Yale Investment Advisors LLC’s holdings in AutoZone were worth $1,040,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Boston Partners raised its holdings in shares of AutoZone by 1.7% during the 1st quarter. Boston Partners now owns 382,169 shares of the company’s stock valued at $1,202,596,000 after buying an additional 6,226 shares in the last quarter. PineStone Asset Management Inc. raised its stake in shares of AutoZone by 137.6% during the second quarter. PineStone Asset Management Inc. now owns 310,043 shares of the company’s stock worth $918,998,000 after acquiring an additional 179,543 shares in the last quarter. Parnassus Investments LLC lifted its holdings in shares of AutoZone by 32.0% in the 4th quarter. Parnassus Investments LLC now owns 243,571 shares of the company’s stock worth $629,780,000 after acquiring an additional 58,989 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of AutoZone by 11.8% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 212,831 shares of the company’s stock valued at $550,296,000 after purchasing an additional 22,507 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of AutoZone by 4.1% during the 1st quarter. Nordea Investment Management AB now owns 203,072 shares of the company’s stock valued at $643,641,000 after purchasing an additional 7,988 shares during the last quarter. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AZO has been the subject of several recent research reports. Evercore ISI lowered their price target on shares of AutoZone from $3,900.00 to $3,350.00 and set an “outperform” rating for the company in a research note on Friday. Wedbush reissued an “outperform” rating and issued a $3,200.00 target price on shares of AutoZone in a research note on Thursday. Guggenheim raised their price target 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. StockNews.com cut AutoZone from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Oppenheimer reissued a “market perform” rating and set a $2,600.00 price objective on shares of AutoZone in a research note on Wednesday, June 26th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $3,129.44.

AutoZone Trading Down 0.6 %

Shares of AutoZone stock opened at $3,020.66 on Monday. AutoZone, Inc. has a 12-month low of $2,375.35 and a 12-month high of $3,256.37. The company has a market cap of $51.60 billion, a P/E ratio of 20.89, a PEG ratio of 1.45 and a beta of 0.71. The company’s fifty day simple moving average is $3,105.66 and its two-hundred day simple moving average is $3,010.09.

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.