Chilton Capital Management LLC Decreases Stock Position in Intuit Inc. (NASDAQ:INTU)

Chilton Capital Management LLC decreased its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 77.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 758 shares of the software maker's stock after selling 2,584 shares during the period. Chilton Capital Management LLC's holdings in Intuit were worth $465,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Intuit by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 27,035,316 shares of the software maker's stock worth $16,991,696,000 after purchasing an additional 353,185 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Intuit by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 6,111,097 shares of the software maker's stock valued at $3,833,720,000 after buying an additional 132,384 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Intuit by 13.3% in the 4th quarter. Wellington Management Group LLP now owns 5,296,921 shares of the software maker's stock valued at $3,329,115,000 after purchasing an additional 620,559 shares during the last quarter. Norges Bank purchased a new position in Intuit during the 4th quarter worth approximately $2,290,419,000. Finally, Northern Trust Corp raised its position in Intuit by 17.3% during the 4th quarter. Northern Trust Corp now owns 3,371,013 shares of the software maker's stock worth $2,118,682,000 after buying an additional 498,030 shares during the last quarter. Institutional investors own 83.66% of the company's stock.

Insider Transactions at Intuit

In other news, CFO Sandeep Aujla sold 1,618 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $773.90, for a total value of $1,252,170.20. Following the completion of the transaction, the chief financial officer directly owned 768 shares of the company's stock, valued at $594,355.20. This trade represents a 67.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott D. Cook sold 62,816 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $765.99, for a total value of $48,116,427.84. Following the completion of the transaction, the insider directly owned 6,000,679 shares of the company's stock, valued at $4,596,460,107.21. The trade was a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 275,661 shares of company stock valued at $206,491,776. Corporate insiders own 2.68% of the company's stock.

Intuit Stock Performance

Shares of NASDAQ INTU traded down $6.72 during midday trading on Tuesday, hitting $776.90. 198,763 shares of the company's stock were exchanged, compared to its average volume of 1,613,047. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.29. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $790.60. The company's 50 day moving average price is $722.21 and its 200 day moving average price is $643.41. The firm has a market capitalization of $216.71 billion, a PE ratio of 63.11, a price-to-earnings-growth ratio of 3.47 and a beta of 1.27.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The software maker reported $11.65 earnings per share for the quarter, beating the consensus estimate of $10.89 by $0.76. The firm had revenue of $7.75 billion during the quarter, compared to analysts' expectations of $7.56 billion. Intuit had a return on equity of 21.46% and a net margin of 19.07%. The company's quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $9.88 EPS. As a group, analysts predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, July 10th will be paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Thursday, July 10th. Intuit's dividend payout ratio (DPR) is presently 33.77%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on INTU shares. Oppenheimer reaffirmed an "outperform" rating and set a $742.00 target price (up previously from $642.00) on shares of Intuit in a report on Friday, May 23rd. Scotiabank upgraded shares of Intuit from a "sector perform" rating to a "sector outperform" rating and increased their price target for the company from $600.00 to $700.00 in a research note on Thursday, April 17th. Wells Fargo & Company set a $880.00 price objective on shares of Intuit and gave the company an "overweight" rating in a research report on Friday, June 13th. KeyCorp restated an "overweight" rating and set a $850.00 target price (up from $770.00) on shares of Intuit in a research report on Friday, May 23rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Intuit from $660.00 to $770.00 and gave the company an "overweight" rating in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $798.27.

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.