Salesforce, Inc. (NYSE:CRM) Shares Sold by Whitaker Myers Wealth Managers LTD.

Whitaker Myers Wealth Managers LTD. reduced its position in Salesforce, Inc. (NYSE:CRM) by 53.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 743 shares of the CRM provider’s stock after selling 866 shares during the quarter. Whitaker Myers Wealth Managers LTD.’s holdings in Salesforce were worth $203,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. RFG Advisory LLC raised its stake in shares of Salesforce by 23.4% during the 1st quarter. RFG Advisory LLC now owns 6,438 shares of the CRM provider’s stock worth $1,939,000 after buying an additional 1,220 shares in the last quarter. Steph & Co. grew its holdings in Salesforce by 127.3% during the first quarter. Steph & Co. now owns 150 shares of the CRM provider’s stock worth $45,000 after acquiring an additional 84 shares during the period. Northwest Investment Counselors LLC purchased a new position in Salesforce in the first quarter worth $109,000. CHICAGO TRUST Co NA lifted its holdings in Salesforce by 4.9% in the first quarter. CHICAGO TRUST Co NA now owns 5,632 shares of the CRM provider’s stock valued at $1,696,000 after acquiring an additional 261 shares during the period. Finally, Global Trust Asset Management LLC boosted its position in shares of Salesforce by 40.5% during the 1st quarter. Global Trust Asset Management LLC now owns 2,670 shares of the CRM provider’s stock worth $804,000 after purchasing an additional 770 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on CRM shares. Oppenheimer raised their price objective on shares of Salesforce from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Cfra set a $343.00 price target on shares of Salesforce in a research report on Thursday. Loop Capital reissued a “hold” rating and set a $270.00 price target on shares of Salesforce in a research note on Thursday, September 19th. Erste Group Bank reaffirmed a “hold” rating on shares of Salesforce in a research note on Wednesday, September 11th. Finally, UBS Group boosted their target price on Salesforce from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Nine equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $311.66.

Insider Activity

In related news, insider Parker Harris sold 2,800 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $241.22, for a total value of $675,416.00. Following the completion of the sale, the insider now directly owns 117,581 shares in the company, valued at approximately $28,362,888.82. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Parker Harris sold 2,800 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $241.22, for a total value of $675,416.00. Following the completion of the sale, the insider now owns 117,581 shares of the company’s stock, valued at $28,362,888.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Brian Millham sold 8,427 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $280.00, for a total value of $2,359,560.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,612 shares of company stock valued at $21,429,961. Company insiders own 3.20% of the company’s stock.

Salesforce Stock Up 0.6 %

Shares of CRM opened at $292.94 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.15. The firm has a market cap of $283.86 billion, a PE ratio of 52.69, a price-to-earnings-growth ratio of 2.61 and a beta of 1.30. The company’s fifty day moving average is $266.65 and its two-hundred day moving average is $263.49. Salesforce, Inc. has a fifty-two week low of $193.68 and a fifty-two week high of $318.71.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, August 28th. The CRM provider reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.20. The company had revenue of $9.33 billion for the quarter, compared to the consensus estimate of $9.22 billion. Salesforce had a return on equity of 12.01% and a net margin of 15.44%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the business posted $1.63 EPS. Analysts forecast that Salesforce, Inc. will post 7.55 earnings per share for the current year.

Salesforce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Wednesday, September 18th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $1.60 annualized dividend and a yield of 0.55%. Salesforce’s dividend payout ratio is currently 28.78%.

About Salesforce

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.