GW Henssler & Associates Ltd. cut its holdings in Salesforce, Inc. (NYSE:CRM – Free Report) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 61,037 shares of the CRM provider’s stock after selling 770 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in Salesforce were worth $20,407,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Burford Brothers Inc. grew its position in shares of Salesforce by 3.2% during the 4th quarter. Burford Brothers Inc. now owns 3,397 shares of the CRM provider’s stock worth $1,136,000 after buying an additional 106 shares during the period. CCG Wealth Management LLC bought a new position in Salesforce during the 4th quarter worth approximately $240,000. Alterna Wealth Management Inc. acquired a new position in Salesforce during the fourth quarter valued at approximately $233,000. CENTRAL TRUST Co increased its stake in Salesforce by 7.8% in the fourth quarter. CENTRAL TRUST Co now owns 25,442 shares of the CRM provider’s stock valued at $8,506,000 after purchasing an additional 1,850 shares in the last quarter. Finally, Valley National Advisers Inc. raised its holdings in Salesforce by 1.4% in the fourth quarter. Valley National Advisers Inc. now owns 9,331 shares of the CRM provider’s stock worth $3,119,000 after purchasing an additional 127 shares during the period. Institutional investors own 80.43% of the company’s stock.
Salesforce Stock Performance
Shares of NYSE CRM opened at $341.80 on Monday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $327.10 billion, a P/E ratio of 56.22, a P/E/G ratio of 3.20 and a beta of 1.30. Salesforce, Inc. has a 12 month low of $212.00 and a 12 month high of $369.00. The stock has a 50 day moving average of $338.67 and a 200-day moving average of $297.66.
Salesforce Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, December 18th were issued a $0.40 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $1.60 annualized dividend and a yield of 0.47%. Salesforce’s dividend payout ratio is currently 26.32%.
Insiders Place Their Bets
In related news, insider Parker Harris sold 3,970 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $296.74, for a total transaction of $1,178,057.80. Following the transaction, the insider now directly owns 119,402 shares of the company’s stock, valued at approximately $35,431,349.48. This trade represents a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Sundeep G. Reddy sold 436 shares of Salesforce stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $332.28, for a total transaction of $144,874.08. Following the completion of the sale, the chief accounting officer now owns 7,057 shares of the company’s stock, valued at $2,344,899.96. This trade represents a 5.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,108,669 shares of company stock worth $383,286,905 over the last three months. Insiders own 3.20% of the company’s stock.
Wall Street Analyst Weigh In
CRM has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price objective on shares of Salesforce from $300.00 to $420.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Oppenheimer restated an “outperform” rating and issued a $415.00 price target (up from $385.00) on shares of Salesforce in a report on Wednesday, December 4th. Robert W. Baird raised their price target on Salesforce from $340.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Scotiabank boosted their price objective on Salesforce from $425.00 to $440.00 and gave the company a “sector outperform” rating in a research report on Wednesday, December 4th. Finally, Morgan Stanley raised their target price on shares of Salesforce from $330.00 to $405.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $377.63.
Get Our Latest Research Report on CRM
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.
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