TLW Wealth Management LLC Takes $767,000 Position in Intuit Inc. $INTU

Key Points

• TLW Wealth Management LLC has acquired a position in Intuit Inc., purchasing 974 shares valued at approximately $767,000, making it the fund's 15th largest holding.
• Intuit recently announced a quarterly dividend increase to $1.20 per share, up from $1.04, signifying a dividend yield of 0.7% for shareholders.
• Several research firms have raised their price targets for Intuit, with BMO Capital Markets increasing it to $870, indicating a strong demand and positive outlook for the company's stock.

TLW Wealth Management LLC acquired a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 974 shares of the software maker's stock, valued at approximately $767,000. Intuit comprises about 0.4% of TLW Wealth Management LLC's portfolio, making the stock its 15th largest holding.

A number of other institutional investors have also added to or reduced their stakes in INTU. Dogwood Wealth Management LLC boosted its holdings in shares of Intuit by 111.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker's stock worth $28,000 after purchasing an additional 19 shares in the last quarter. Vista Cima Wealth Management LLC purchased a new position in shares of Intuit during the 1st quarter valued at about $31,000. CBIZ Investment Advisory Services LLC lifted its position in Intuit by 1,566.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock worth $31,000 after buying an additional 47 shares during the last quarter. LGT Financial Advisors LLC purchased a new stake in Intuit in the second quarter worth approximately $32,000. Finally, TD Capital Management LLC boosted its stake in Intuit by 511.1% in the first quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock worth $34,000 after buying an additional 46 shares in the last quarter. Institutional investors own 83.66% of the company's stock.

Insider Activity at Intuit

In related news, Director Scott D. Cook sold 529 shares of the company's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $351,779.71. Following the completion of the transaction, the director owned 6,162,547 shares in the company, valued at $4,098,032,129.53. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total transaction of $220,162.95. Following the completion of the sale, the director owned 14,475 shares in the company, valued at approximately $9,570,146.25. This trade represents a 2.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,407 shares of company stock worth $1,614,913 over the last quarter. 2.68% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. BMO Capital Markets lifted their price target on shares of Intuit from $820.00 to $870.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Morgan Stanley reduced their target price on shares of Intuit from $900.00 to $880.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. CLSA started coverage on shares of Intuit in a research note on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price target for the company. JPMorgan Chase & Co. reduced their price objective on Intuit from $770.00 to $750.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. Finally, Wall Street Zen upgraded Intuit from a "hold" rating to a "buy" rating in a report on Sunday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $791.82.

Intuit Price Performance

INTU stock opened at $664.77 on Tuesday. The stock has a market capitalization of $185.34 billion, a price-to-earnings ratio of 48.38, a PEG ratio of 2.55 and a beta of 1.25. The firm's 50-day moving average price is $674.70 and its two-hundred day moving average price is $696.51. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last posted its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same period in the prior year, the business posted $1.99 earnings per share. Intuit's revenue for the quarter was up 20.3% on a year-over-year basis. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. As a group, equities analysts predict that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, October 9th were paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. This is a boost from Intuit's previous quarterly dividend of $1.04. The ex-dividend date of this dividend was Thursday, October 9th. Intuit's payout ratio is presently 34.93%.

About Intuit

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.

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