JPMorgan Amends AutoZone Stake, Files SC 13G/A

Ticker: AZO · Form: SC 13G/A · Filed: 2024-01-04T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investment

Related Tickers: AZO, JPM

TL;DR

**JPMorgan updated its AutoZone stake, keep an eye on institutional sentiment.**

AI Summary

JPMorgan Chase & Co. filed an amended Schedule 13G/A on January 4, 2024, indicating a change in their beneficial ownership of AutoZone Inc. common stock as of December 29, 2023. This filing, Amendment No. 02, updates their previous disclosures regarding their holdings in the auto parts retailer. For investors, this matters because large institutional ownership changes can signal shifts in confidence or investment strategy from major financial players, potentially influencing stock price movements.

Why It Matters

This filing shows an update to JPMorgan Chase & Co.'s investment in AutoZone, which can be a signal to other investors about institutional sentiment towards the company.

Risk Assessment

Risk Level: low — This is a routine amendment filing by a large institutional investor, indicating a change in their passive ownership, which typically carries low direct risk.

Analyst Insight

An investor should note that a major institution like JPMorgan Chase & Co. is adjusting its passive stake in AutoZone. While this specific filing doesn't detail the extent of the change, it signals ongoing portfolio management. Smart investors would look for the full details of the ownership change within the complete filing to assess any potential implications for AutoZone's stock.

Key Players & Entities

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G, specifically Amendment No. 02, filed under Rule 13d-1(b).

Who is the filer of this SC 13G/A?

The filer of this SC 13G/A is JPMorgan Chase & Co., with a Central Index Key (CIK) of 0000019617.

What company's stock is the subject of this filing?

The subject company whose stock is being reported is AutoZone Inc., with a Central Index Key (CIK) of 0000866787.

What is the CUSIP number for the securities mentioned in the filing?

The CUSIP number for the Common Stock ($0.01 par value) of AutoZone Inc. is 053332102.

What was the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' was December 29, 2023.

From the Filing

0000019617-24-000009.txt : 20240104 0000019617-24-000009.hdr.sgml : 20240104 20240104081103 ACCESSION NUMBER: 0000019617-24-000009 CONFORMED SUBMISSION TYPE: SC 13G/A CONFIRMING COPY: PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240104 DATE AS OF CHANGE: 20240104 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AUTOZONE INC CENTRAL INDEX KEY: 0000866787 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO & HOME SUPPLY STORES [5531] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 621482048 STATE OF INCORPORATION: NV FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-42117 BUSINESS ADDRESS: STREET 1: 123 SOUTH FRONT ST CITY: MEMPHIS STATE: TN ZIP: 38103 BUSINESS PHONE: 9014956500 MAIL ADDRESS: STREET 1: P O BOX 2198 STREET 2: DEPT 8074 CITY: MEMPHIS STATE: TN ZIP: 38101-2198 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: JPMORGAN CHASE & CO CENTRAL INDEX KEY: 0000019617 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] ORGANIZATION NAME: 02 Finance IRS NUMBER: 132624428 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2122706000 MAIL ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: J P MORGAN CHASE & CO DATE OF NAME CHANGE: 20010102 FORMER COMPANY: FORMER CONFORMED NAME: CHASE MANHATTAN CORP /DE/ DATE OF NAME CHANGE: 19960402 FORMER COMPANY: FORMER CONFORMED NAME: CHEMICAL BANKING CORP DATE OF NAME CHANGE: 19920703 SC 13G/A 1 AUTOZONE_INC.htm FILING AUTOZONE, INC. Schedule 13G   UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   SCHEDULE 13G     Under the Securities Exchange Act of 1934 (Amendment No. 02 )*   AUTOZONE, INC.   (Name of Issuer)   Common Stock ($0.01 par value) (Title of Class of Securities)   053332102 (CUSIP Number)   December 29, 2023 (Date of Event Which Requires Filing of this Statement)   Check the appropriate box to designate the rule pursuant to which this Schedule is filed:        x  Rule 13d-1(b)        o  Rule 13d-1(c)        o  Rule 13d-1(d)   * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.   The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).           CUSIP No.  053332102                           1   NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)   JPMORGAN CHASE & CO. 13-2624428       2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)   (a)   o   (b)   o       3   SEC USE ONLY               4   CITIZENSHIP OR PLACE OF ORGANIZATION       Delaware         NUMBER OF SHARES BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH:  5   SOLE VOTING POWER       758,249       6   SHARED VOTING POWER       3,032       7   SOLE DISPOSITIVE POWER       825,554       8   SHARED DISPOSITIVE POWER       621     &#1

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