Argent Trust Co Sells 83 Shares of AutoZone, Inc. (NYSE:AZO)

Argent Trust Co cut its stake in AutoZone, Inc. (NYSE:AZO) by 10.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 677 shares of the company’s stock after selling 83 shares during the quarter. Argent Trust Co’s holdings in AutoZone were worth $2,007,000 as of its most recent SEC filing.

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

AutoZone Stock Down 0.1 %

NYSE AZO opened at $3,074.71 on Thursday. The firm has a market cap of $52.53 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 1.45 and a beta of 0.71. The company has a 50 day moving average price of $3,100.68 and a 200 day moving average price of $3,011.63. AutoZone, Inc. has a 52 week low of $2,375.35 and a 52 week high of $3,256.37.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Truist Financial dropped their price objective on AutoZone from $3,523.00 to $3,394.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. Oppenheimer restated a “market perform” rating and issued a $2,600.00 price target on shares of AutoZone in a report on Wednesday, June 26th. Mizuho decreased their price objective on shares of AutoZone from $3,450.00 to $3,280.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. Barclays dropped their target price on shares of AutoZone from $3,100.00 to $3,024.00 and set an “overweight” rating on the stock in a research note on Thursday, May 23rd. Finally, Wolfe Research decreased their price target on shares of AutoZone from $3,150.00 to $3,000.00 and set an “outperform” rating for the company in a research note on Wednesday, May 22nd. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently 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.