FMR LLC & Abigail Johnson Hold 2.728% Stake in AutoZone

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

From the Filing

0000315066-24-001005.txt : 20240209 0000315066-24-001005.hdr.sgml : 20240209 20240209083557 ACCESSION NUMBER: 0000315066-24-001005 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 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 FILM NUMBER: 24611386 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: FMR LLC CENTRAL INDEX KEY: 0000315066 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 043532603 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175706339 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FMR CORP DATE OF NAME CHANGE: 19920717 SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.1 AUTOZONE INC COMMON STOCK Cusip #053332102 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #053332102 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 380,837 Item 6: 0 Item 7: 471,747 Item 8: 0 Item 9: 471,747 Item 11: 2.728% Item 12: HC Cusip #053332102 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 471,747 Item 8: 0 Item 9: 471,747 Item 11: 2.728% Item 12: IN Item 1(a). Name of Issuer: AUTOZONE INC Item 1(b). Address of Issuer's Principal Executive Offices: 123 South Front Street Memphis, TN 38103 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 053332102 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 471,747 (b) Percent of Class: 2.728% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 471,747 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof, the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following (X). Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of AUTOZONE INC. No one other person's interest in the COMMON STOCK of AUTOZONE INC is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Noti