Thomasville National Bank Has $27.66 Million Stock Holdings in Salesforce, Inc. (NYSE:CRM)

Thomasville National Bank raised its holdings in Salesforce, Inc. (NYSE:CRM) by 1.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 101,071 shares of the CRM provider’s stock after buying an additional 1,347 shares during the quarter. Salesforce accounts for about 2.0% of Thomasville National Bank’s investment portfolio, making the stock its 15th largest position. Thomasville National Bank’s holdings in Salesforce were worth $27,664,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Ruedi Wealth Management Inc. grew its stake in shares of Salesforce by 186.7% in the first quarter. Ruedi Wealth Management Inc. now owns 86 shares of the CRM provider’s stock worth $26,000 after acquiring an additional 56 shares during the last quarter. Piscataqua Savings Bank grew its position in Salesforce by 2,400.0% in the 2nd quarter. Piscataqua Savings Bank now owns 100 shares of the CRM provider’s stock worth $26,000 after purchasing an additional 96 shares during the last quarter. Clear Investment Research LLC increased its holdings in shares of Salesforce by 816.7% during the 2nd quarter. Clear Investment Research LLC now owns 110 shares of the CRM provider’s stock worth $28,000 after purchasing an additional 98 shares during the period. Red Tortoise LLC acquired a new position in shares of Salesforce during the first quarter valued at about $33,000. Finally, Stephens Consulting LLC lifted its stake in shares of Salesforce by 3,125.0% in the second quarter. Stephens Consulting LLC now owns 129 shares of the CRM provider’s stock valued at $33,000 after buying an additional 125 shares during the period. 80.43% of the stock is owned by institutional investors.

Insider Buying and Selling at Salesforce

In other news, insider Parker Harris sold 4,200 shares of the stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $254.90, for a total transaction of $1,070,580.00. Following the completion of the sale, the insider now owns 116,693 shares of the company’s stock, valued at $29,745,045.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider R David Schmaier sold 1,155 shares of the stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $255.78, for a total transaction of $295,425.90. Following the completion of the transaction, the insider now directly owns 20,556 shares in the company, valued at approximately $5,257,813.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Parker Harris sold 4,200 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $254.90, for a total value of $1,070,580.00. Following the completion of the sale, the insider now owns 116,693 shares in the company, valued at $29,745,045.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,612 shares of company stock valued at $21,283,087. 3.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Erste Group Bank restated a “hold” rating on shares of Salesforce in a research note on Wednesday, September 11th. JPMorgan Chase & Co. upped their target price on Salesforce from $300.00 to $310.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. JMP Securities reiterated a “market outperform” rating and set a $342.00 price target on shares of Salesforce in a research note on Wednesday, August 28th. Wedbush increased their price objective on shares of Salesforce from $315.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Finally, TD Cowen lifted their target price on shares of Salesforce from $285.00 to $290.00 and gave the company a “hold” rating in a research report on Thursday, August 29th. Nine analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $310.74.

Salesforce Trading Down 0.7 %

Shares of NYSE CRM opened at $288.10 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.15. Salesforce, Inc. has a twelve month low of $193.68 and a twelve month high of $318.71. The company’s fifty day moving average is $261.93 and its 200-day moving average is $263.61. The stock has a market cap of $279.17 billion, a price-to-earnings ratio of 51.82, a P/E/G ratio of 2.61 and a beta of 1.30.

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

Salesforce Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Wednesday, September 18th were issued 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 0.56%. Salesforce’s dividend payout ratio (DPR) is currently 28.78%.

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.