Middleton & Co. Inc. MA Acquires 251 Shares of Intuit Inc. (NASDAQ:INTU)

Middleton & Co. Inc. MA boosted its holdings in Intuit Inc. (NASDAQ:INTU) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,992 shares of the software maker’s stock after purchasing an additional 251 shares during the quarter. Intuit comprises 1.7% of Middleton & Co. Inc. MA’s holdings, making the stock its 15th largest holding. Middleton & Co. Inc. MA’s holdings in Intuit were worth $15,708,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in INTU. R Squared Ltd acquired a new position in shares of Intuit during the 4th quarter valued at $25,000. Heck Capital Advisors LLC bought a new stake in Intuit in the fourth quarter valued at $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Intuit during the fourth quarter valued at about $28,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Intuit in the 4th quarter valued at about $29,000. Finally, Denver PWM LLC bought a new stake in Intuit in the 3rd quarter valued at about $32,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on INTU. Morgan Stanley upgraded Intuit from an “equal weight” rating to an “overweight” rating and set a $730.00 price target on the stock in a report on Wednesday. Redburn Atlantic started coverage on shares of Intuit in a research report on Wednesday, February 19th. They issued a “neutral” rating for the company. Jefferies Financial Group upped their price objective on shares of Intuit from $790.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. BMO Capital Markets lowered their target price on shares of Intuit from $760.00 to $714.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Citigroup decreased their price objective on Intuit from $760.00 to $726.00 and set a “buy” rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $717.88.

Intuit Stock Up 2.2 %

INTU stock opened at $613.84 on Friday. The stock has a fifty day moving average of $605.90 and a 200-day moving average of $627.25. Intuit Inc. has a fifty-two week low of $553.24 and a fifty-two week high of $714.78. The company has a market capitalization of $171.82 billion, a price-to-earnings ratio of 59.60, a PEG ratio of 2.85 and a beta of 1.24. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24.

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Thursday, April 10th will be paid a $1.04 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $4.16 annualized dividend and a yield of 0.68%. Intuit’s dividend payout ratio is currently 38.81%.

Insider Buying and Selling at Intuit

In related news, insider Scott D. Cook sold 73,655 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $664.94, for a total value of $48,976,155.70. Following the sale, the insider now directly owns 6,301,286 shares of the company’s stock, valued at $4,189,977,112.84. This trade represents a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Alex G. Balazs sold 23,810 shares of Intuit stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $665.98, for a total transaction of $15,856,983.80. Following the sale, the executive vice president now directly owns 489 shares of the company’s stock, valued at $325,664.22. This represents a 97.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 218,014 shares of company stock valued at $140,855,687 in the last quarter. 2.68% of the stock is currently owned by corporate insiders.

Intuit Company Profile

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.