From MarketBeat:



During the third quarter, DAVENPORT & Co LLC reduced its stake in Intuit Inc. (NASDAQ:INTU) by 15.1%. The company sold 34,262 shares, leaving them with 193,084 shares valued at $98,607,000. Additionally, other large investors like 1900 Wealth Management LLC, Five Oceans Advisors, Traynor Capital Management Inc., Douglas Lane & Associates LLC, and Relyea Zuckerberg Hanson LLC also adjusted their holdings in Intuit. Insider buying and selling activity at Intuit has been significant, with the CEO and director selling a substantial number of shares. While the stock is up 0.5%, the company has a high market cap and a price-to-earnings ratio of 68.20. In terms of dividend, Intuit recently declared a quarterly dividend of $0.90 per share, which is scheduled to be paid on January 18th. Market analysts have generally given it a “Moderate Buy” rating and have set a price target of $587.67. However, marketBeat has identified five other stocks that top analysts consider to be better buys. Intuit’s financial management and compliance products and services cater to consumers, small businesses, self-employed individuals, and accounting professionals.



Original: DAVENPORT & Co LLC Lowers Position in Intuit Inc. (NASDAQ:INTU)