Salesforce, Inc. (NYSE:CRM) Stock Holdings Lifted by Tlwm

Tlwm lifted its holdings in shares of Salesforce, Inc. (NYSE:CRM) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,689 shares of the CRM provider’s stock after buying an additional 272 shares during the period. Salesforce accounts for approximately 0.4% of Tlwm’s holdings, making the stock its 19th biggest position. Tlwm’s holdings in Salesforce were worth $2,236,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CRM. Infrastructure Capital Advisors LLC acquired a new stake in shares of Salesforce in the third quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in Salesforce in the 2nd quarter valued at approximately $33,000. Godsey & Gibb Inc. raised its stake in Salesforce by 300.0% during the 3rd quarter. Godsey & Gibb Inc. now owns 120 shares of the CRM provider’s stock valued at $33,000 after acquiring an additional 90 shares in the last quarter. Annapolis Financial Services LLC boosted its position in Salesforce by 135.6% during the 3rd quarter. Annapolis Financial Services LLC now owns 139 shares of the CRM provider’s stock worth $38,000 after acquiring an additional 80 shares during the period. Finally, FSA Wealth Management LLC bought a new position in shares of Salesforce in the third quarter worth $53,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insiders Place Their Bets

In related news, insider R David Schmaier sold 1,785 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $344.00, for a total value of $614,040.00. Following the completion of the sale, the insider now directly owns 19,116 shares in the company, valued at approximately $6,575,904. This represents a 8.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Sundeep G. Reddy sold 413 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $285.29, for a total value of $117,824.77. Following the transaction, the chief accounting officer now owns 7,006 shares in the company, valued at approximately $1,998,741.74. This trade represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,177,617 shares of company stock valued at $403,542,975 over the last ninety days. Corporate insiders own 3.20% of the company’s stock.

Salesforce Trading Up 1.3 %

NYSE CRM opened at $323.31 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14. Salesforce, Inc. has a 1-year low of $212.00 and a 1-year high of $369.00. The firm’s fifty day simple moving average is $336.76 and its 200-day simple moving average is $290.66. The company has a market capitalization of $309.41 billion, a PE ratio of 53.18, a price-to-earnings-growth ratio of 3.20 and a beta of 1.30.

Salesforce (NYSE:CRM) last posted its quarterly earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.03). The firm had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $9.35 billion. Salesforce had a return on equity of 12.34% and a net margin of 15.96%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the business earned $1.62 earnings per share. As a group, sell-side analysts anticipate that Salesforce, Inc. will post 7.48 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, December 18th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Wednesday, December 18th. Salesforce’s dividend payout ratio is 26.32%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CRM. Scotiabank increased their target price on shares of Salesforce from $425.00 to $440.00 and gave the company a “sector outperform” rating in a research report on Wednesday, December 4th. Oppenheimer reiterated an “outperform” rating and issued a $415.00 price objective (up from $385.00) on shares of Salesforce in a report on Wednesday, December 4th. Cfra set a $343.00 target price on Salesforce in a report on Thursday, October 17th. BMO Capital Markets increased their price target on Salesforce from $385.00 to $425.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Finally, Macquarie reissued a “neutral” rating and issued a $370.00 price objective on shares of Salesforce in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty have issued a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $376.05.

Salesforce Company Profile

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.