Ulland Investment Advisors LLC Trims Stock Position in Salesforce, Inc. (NYSE:CRM)

Ulland Investment Advisors LLC trimmed its stake in shares of Salesforce, Inc. (NYSE:CRM) by 44.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 309 shares of the CRM provider’s stock after selling 250 shares during the period. Ulland Investment Advisors LLC’s holdings in Salesforce were worth $85,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CRM. Capital Research Global Investors grew its stake in shares of Salesforce by 26.9% during the 1st quarter. Capital Research Global Investors now owns 14,376,536 shares of the CRM provider’s stock worth $4,329,925,000 after purchasing an additional 3,044,611 shares during the period. GQG Partners LLC acquired a new stake in Salesforce during the first quarter valued at $910,220,000. Swedbank AB acquired a new stake in Salesforce during the first quarter valued at $874,748,000. Massachusetts Financial Services Co. MA increased its holdings in Salesforce by 48.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 5,906,877 shares of the CRM provider’s stock valued at $1,518,658,000 after buying an additional 1,922,674 shares in the last quarter. Finally, AMF Tjanstepension AB raised its position in shares of Salesforce by 376.1% in the second quarter. AMF Tjanstepension AB now owns 1,442,453 shares of the CRM provider’s stock worth $370,873,000 after acquiring an additional 1,139,472 shares during the period. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Salesforce news, insider Parker Harris sold 4,200 shares of Salesforce stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $288.42, for a total value of $1,211,364.00. Following the completion of the transaction, the insider now directly owns 118,514 shares of the company’s stock, valued at $34,181,807.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Salesforce news, insider Parker Harris sold 4,200 shares of the stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $288.42, for a total transaction of $1,211,364.00. Following the sale, the insider now directly owns 118,514 shares in the company, valued at $34,181,807.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Brian Millham sold 2,037 shares of the business’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $248.75, for a total transaction of $506,703.75. Following the completion of the transaction, the chief operating officer now owns 1,947 shares of the company’s stock, valued at approximately $484,316.25. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,412 shares of company stock valued at $20,212,507. Corporate insiders own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

CRM has been the topic of a number of analyst reports. FBN Securities upgraded Salesforce to a “strong-buy” rating in a research report on Thursday, August 29th. UBS Group raised their price objective on Salesforce from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Sanford C. Bernstein upped their target price on Salesforce from $234.00 to $236.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Northland Capmk upgraded Salesforce from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Evercore ISI reissued an “outperform” rating and issued a $300.00 price target on shares of Salesforce in a report on Monday, August 26th. Nine investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, Salesforce presently has an average rating of “Moderate Buy” and an average target price of $310.74.

Salesforce Trading Down 0.4 %

Shares of NYSE:CRM traded down $1.26 during midday trading on Tuesday, reaching $290.38. 1,221,729 shares of the company’s stock were exchanged, compared to its average volume of 6,450,232. The stock has a market cap of $281.38 billion, a price-to-earnings ratio of 51.95, a P/E/G ratio of 2.61 and a beta of 1.30. Salesforce, Inc. has a fifty-two week low of $193.68 and a fifty-two week high of $318.71. The firm’s 50 day simple moving average is $262.99 and its two-hundred day simple moving average is $263.55. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.04 and a quick ratio of 1.04.

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

Salesforce Announces Dividend

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

Salesforce 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.