FMR LLC & Abigail Johnson Hold 2.728% Stake in AutoZone
Ticker: AZO · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 866787
| Field | Detail |
|---|---|
| Company | Autozone INC (AZO) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**FMR LLC still owns 2.728% of AutoZone, showing they're sticking with the stock.**
AI Summary
FMR LLC, a major investment firm, and its CEO, Abigail P. Johnson, have filed an amended SC 13G/A for AutoZone Inc. on February 9, 2024. This filing indicates they collectively beneficially own 471,747 shares of AutoZone's common stock, representing 2.728% of the company. This matters to investors because it shows a significant institutional holder, FMR LLC, maintains a substantial, though slightly reduced, passive stake in AutoZone, signaling continued confidence in the company's long-term prospects.
Why It Matters
This filing confirms a major institutional investor, FMR LLC, and its principal, Abigail P. Johnson, continue to hold a significant, passive stake in AutoZone, which can be seen as a vote of confidence in the company's stability.
Risk Assessment
Risk Level: low — This filing is an amendment to a passive ownership stake, indicating no immediate change in control or strategy, thus posing low risk.
Analyst Insight
Investors should note that a major institutional holder, FMR LLC, maintains a significant, passive stake in AutoZone, suggesting long-term stability rather than immediate catalysts or concerns. This filing doesn't signal any urgent action but confirms institutional confidence.
Key Numbers
- 471,747 — Shares Beneficially Owned (Total common stock shares of AutoZone held by FMR LLC and Abigail P. Johnson)
- 2.728% — Percent of Class (The percentage of AutoZone's common stock beneficially owned by FMR LLC and Abigail P. Johnson)
- 053332102 — CUSIP Number (Unique identifier for AutoZone Inc. common stock)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, likely CEO of FMR LLC
- AUTOZONE INC (company) — the issuer of the securities
- Memphis, TN (location) — AutoZone's principal executive offices
- Boston, MA (location) — FMR LLC's principal business office
Forward-Looking Statements
- FMR LLC will maintain a passive investment strategy in AutoZone Inc. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
FAQ
Who are the primary reporting persons in this SC 13G/A filing for AutoZone Inc.?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing.
What percentage of AutoZone Inc.'s common stock do the reporting persons beneficially own?
FMR LLC and Abigail P. Johnson collectively beneficially own 2.728% of AutoZone Inc.'s common stock, as indicated in Item 11 for both reporting persons and Item 4(b) for FMR LLC.
How many shares of AutoZone Inc. common stock are beneficially owned by FMR LLC and Abigail P. Johnson?
Both FMR LLC and Abigail P. Johnson are reported to beneficially own 471,747 shares of AutoZone Inc. common stock, as shown in Item 7 and Item 9 for both reporting persons, and Item 4(a) for FMR LLC.
What is the CUSIP number for the AutoZone Inc. common stock mentioned in this filing?
The CUSIP number for AutoZone Inc. common stock is 053332102, as stated in the filing's cover page and Item 2(e).
Under which SEC rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed pursuant to Rule 13d-1(b), as indicated by the checked box on the cover page and in Item 3.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding AUTOZONE INC (AZO).