Clearbridge LLC Holding In Autozone INC (AZO) Was Has Boosted

February 15, 2018 - By Darrin Black

Investors sentiment increased to 1.05 in Q3 2017. Its up 0.20, from 0.85 in 2017Q2. It increased, as 59 investors sold AZO shares while 150 reduced holdings. 74 funds opened positions while 145 raised stakes. 26.58 million shares or 0.11% less from 26.61 million shares in 2017Q2 were reported. Pennsylvania-based Hirtle Callaghan & Lc has invested 0% in AutoZone, Inc. (NYSE:AZO). Gulf Intll Financial Bank (Uk) Limited reported 9,060 shares. Ccm Investment Advisers Limited Liability Corp has 500 shares for 0.06% of their portfolio. Northern Corp has 396,425 shares for 0.06% of their portfolio. Citadel Advisors Ltd Llc stated it has 55,467 shares or 0.03% of all its holdings. Mitsubishi Ufj Corporation holds 0.07% or 65,652 shares. Suntrust Banks Inc reported 616 shares stake. Vident Advisory Ltd Com invested in 1,759 shares. Thomas White accumulated 1,680 shares. Kirr Marbach And Limited Liability In reported 17,600 shares. Fjarde Ap owns 7,112 shares. Utah Retirement has invested 0.07% of its portfolio in AutoZone, Inc. (NYSE:AZO). 1,264 were reported by Scotia Capital Incorporated. Citigroup has 50,411 shares for 0.02% of their portfolio. Nomura Hldgs Inc owns 0% invested in AutoZone, Inc. (NYSE:AZO) for 1,398 shares.

Since September 28, 2017, it had 0 buys, and 6 insider sales for $14.41 million activity. Shares for $2.05 million were sold by Smith Richard Craig. 1,250 shares were sold by Griffith James C., worth $993,372. Shares for $1.75 million were sold by MCKENNA WILLIAM ANDREW. Graves William W sold $7.82M worth of AutoZone, Inc. (NYSE:AZO) on Wednesday, January 3.

Clearbridge Llc increased its stake in Autozone Inc (AZO) by 14.28% based on its latest 2017Q3 regulatory filing with the SEC. Clearbridge Llc bought 16,140 shares as the company’s stock declined 9.10% while stock markets rallied. The institutional investor held 129,150 shares of the consumer services company at the end of 2017Q3, valued at $76.86M, up from 113,010 at the end of the previous reported quarter. Clearbridge Llc who had been investing in Autozone Inc for a number of months, seems to be bullish on the $19.71 billion market cap company. The stock decreased 0.02% or $0.15 during the last trading session, reaching $720.69. About 159,755 shares traded. AutoZone, Inc. (NYSE:AZO) has declined 10.95% since February 15, 2017 and is downtrending. It has underperformed by 27.65% the S&P500.

Clearbridge Llc, which manages about $5.40B and $4.62 billion US Long portfolio, decreased its stake in Wells Fargo Co New (NYSE:WFC) by 107,840 shares to 2.16 million shares, valued at $118.95M in 2017Q3, according to the filing. It also reduced its holding in Microsoft Corp (NASDAQ:MSFT) by 85,430 shares in the quarter, leaving it with 1.73M shares, and cut its stake in Royal Gold Inc (NASDAQ:RGLD).

More important recent AutoZone, Inc. (NYSE:AZO) news were published by: Bizjournals.com which released: “Chairwoman of the board? Memphis public companies talk top-level gender diversity” on January 26, 2018, also Seekingalpha.com published article titled: “AutoZone Is Ready To Go Higher”, Gurufocus.com published: “Midas Management Corp Buys AutoZone Inc, Altria Group Inc, Walgreens Boots …” on January 23, 2018. More interesting news about AutoZone, Inc. (NYSE:AZO) was released by: Bizjournals.com and their article: “AutoZone plans another Hawaii store, across from an Oahu Walmart” with publication date: February 15, 2018.

AutoZone, Inc. (NYSE:AZO) Ratings Coverage

Among 24 analysts covering Autozone Inc. (NYSE:AZO), 12 have Buy rating, 0 Sell and 12 Hold. Therefore 50% are positive. Autozone Inc. had 70 analyst reports since August 24, 2015 according to SRatingsIntel. As per Thursday, May 25, the company rating was maintained by BTIG Research. The firm has “Hold” rating by Deutsche Bank given on Wednesday, September 23. The rating was upgraded by ValuEngine on Thursday, May 25 to “Buy”. The company was upgraded on Tuesday, February 16 by Wedbush. Wedbush maintained AutoZone, Inc. (NYSE:AZO) on Wednesday, September 20 with “Hold” rating. Credit Suisse maintained it with “Buy” rating and $583.0 target in Wednesday, September 20 report. The rating was downgraded by Raymond James to “Mkt Perform” on Tuesday, May 23. The firm has “Overweight” rating by JP Morgan given on Wednesday, December 7. The firm has “Outperform” rating by Oppenheimer given on Monday, October 5. The stock of AutoZone, Inc. (NYSE:AZO) has “Buy” rating given on Wednesday, January 18 by Guggenheim.

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