Vanguard Discloses 15.0% Passive Stake in AutoZone

TL;DR

**Vanguard still owns 15.0% of AutoZone, a big passive stake.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in AutoZone Inc. As of December 29, 2023, Vanguard beneficially owned 2,933,968 shares of AutoZone's Common Stock, representing 15.0% of the company. This is an update to their previous filing, indicating a slight adjustment in their passive investment stake. For investors, this filing confirms Vanguard's continued significant, but passive, interest in AutoZone, suggesting confidence in the company's long-term prospects without seeking to influence management.

Why It Matters

This filing shows that a major institutional investor, Vanguard, holds a significant portion of AutoZone's stock, which can signal stability and long-term confidence in the company's value. It's important for investors to know who the major shareholders are and their intentions.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or changes in company control.

Analyst Insight

Investors should note Vanguard's continued substantial, passive ownership as a sign of long-term institutional confidence in AutoZone, but this filing alone doesn't suggest any immediate catalysts for stock movement.

Key Numbers

• 2,933,968 — Shares Beneficially Owned (Total shares of AutoZone Common Stock held by The Vanguard Group as of December 29, 2023.)
• 15.0% — Percentage of Class (The proportion of AutoZone's Common Stock owned by The Vanguard Group, indicating a significant stake.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and major institutional investor
• AutoZone Inc. (company) — subject company whose securities are being reported
• December 29, 2023 (date) — date of event requiring the filing
• February 13, 2024 (date) — filing date of the SC 13G/A amendment
• 2,933,968 shares (dollar_amount) — total number of shares beneficially owned by Vanguard
• 15.0% (dollar_amount) — percentage of AutoZone's class of securities owned by Vanguard

Forward-Looking Statements

• Vanguard will maintain a significant, passive stake in AutoZone Inc. (The Vanguard Group) — high confidence, target: Next 12-24 months

FAQ

From the Filing

0001104659-24-020365.txt : 20240213 0001104659-24-020365.hdr.sgml : 20240213 20240213165855 ACCESSION NUMBER: 0001104659-24-020365 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 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: 24627424 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: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv0368-autozoneinc.htm SCHEDULE 13G/A autozoneinc SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 11)* Name of issuer:  AutoZone Inc Title of Class of Securities:  Common Stock CUSIP Number:  053332102 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d-1(b) ☐ Rule 13d-1(c) ☐ 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). (Continued on the following page(s))     13G CUSIP No.:  053332102 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 23,424 7.  SOLE DISPOSITIVE POWER 1,670,243 8.  SHARED DISPOSITIVE POWER 76,035 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,746,278 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.10% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: AutoZone Inc Item 1(b) - Address of Issuer's Principal Executive Offices: 123 South Front Street Memphis, TN 38103-1894 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizenship: Pennsylvania Item 2(d) - Title of Class of Securities: Common Stock Item 2(e) - CUSIP Number 053332102 Item 3 - Type of Filing: This statement is be