Natural Investments LLC Invests $577,000 in Intuit Inc. (NASDAQ:INTU)

Natural Investments LLC bought a new position in Intuit Inc. (NASDAQ:INTU) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 919 shares of the software maker’s stock, valued at approximately $577,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Avantax Planning Partners Inc. increased its holdings in Intuit by 20.0% in the 4th quarter. Avantax Planning Partners Inc. now owns 1,012 shares of the software maker’s stock worth $636,000 after purchasing an additional 169 shares in the last quarter. Donaldson Capital Management LLC increased its holdings in Intuit by 1.6% in the 4th quarter. Donaldson Capital Management LLC now owns 10,779 shares of the software maker’s stock worth $6,774,000 after purchasing an additional 169 shares in the last quarter. Citizens Financial Group Inc. RI increased its holdings in Intuit by 5.1% in the 4th quarter. Citizens Financial Group Inc. RI now owns 14,112 shares of the software maker’s stock worth $8,869,000 after purchasing an additional 689 shares in the last quarter. Sage Mountain Advisors LLC increased its holdings in Intuit by 9.8% in the 4th quarter. Sage Mountain Advisors LLC now owns 1,282 shares of the software maker’s stock worth $806,000 after purchasing an additional 114 shares in the last quarter. Finally, Davis R M Inc. grew its position in shares of Intuit by 0.3% in the 4th quarter. Davis R M Inc. now owns 139,684 shares of the software maker’s stock valued at $87,792,000 after buying an additional 413 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Stock Up 1.2 %

INTU stock opened at $586.71 on Wednesday. The stock’s 50 day simple moving average is $600.43 and its 200 day simple moving average is $624.29. Intuit Inc. has a fifty-two week low of $553.24 and a fifty-two week high of $714.78. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market cap of $164.02 billion, a P/E ratio of 56.96, a price-to-earnings-growth ratio of 2.85 and a beta of 1.27.

Intuit Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Thursday, April 10th will be paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Thursday, April 10th. Intuit’s dividend payout ratio (DPR) is currently 38.81%.

Wall Street Analysts Forecast Growth

INTU has been the topic of a number of analyst reports. Stifel Nicolaus reduced their price target on Intuit from $795.00 to $725.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. BMO Capital Markets reduced their price target on Intuit from $760.00 to $714.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. StockNews.com lowered Intuit from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Redburn Atlantic initiated coverage on Intuit in a research report on Wednesday, February 19th. They issued a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. upgraded Intuit from a “neutral” rating to an “overweight” rating and upped their price target for the company from $640.00 to $660.00 in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $721.61.

Insider Buying and Selling

In other news, insider Scott D. Cook sold 6,446 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $604.26, for a total value of $3,895,059.96. Following the completion of the sale, the insider now directly owns 6,219,900 shares of the company’s stock, valued at $3,758,436,774. This represents a 0.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Alex G. Balazs sold 23,810 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $665.98, for a total value of $15,856,983.80. Following the completion of the sale, the executive vice president now directly owns 489 shares of the company’s stock, valued at approximately $325,664.22. This trade represents a 97.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 213,111 shares of company stock valued at $137,327,184. 2.68% of the stock is owned by company insiders.

Intuit 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.