Little House Capital LLC Increases Stock Holdings in Salesforce, Inc. (NYSE:CRM)

Little House Capital LLC boosted its holdings in shares of Salesforce, Inc. (NYSE:CRM) by 11.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,505 shares of the CRM provider’s stock after acquiring an additional 890 shares during the quarter. Little House Capital LLC’s holdings in Salesforce were worth $2,328,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Capital Research Global Investors raised its position in Salesforce by 26.9% during the 1st quarter. Capital Research Global Investors now owns 14,376,536 shares of the CRM provider’s stock valued at $4,329,925,000 after purchasing an additional 3,044,611 shares in the last quarter. GQG Partners LLC bought a new position in shares of Salesforce in the 1st quarter worth $910,220,000. Swedbank AB bought a new position in shares of Salesforce in the 1st quarter worth $874,748,000. Massachusetts Financial Services Co. MA raised its position in shares of Salesforce by 48.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,906,877 shares of the CRM provider’s stock worth $1,518,658,000 after acquiring an additional 1,922,674 shares in the last quarter. Finally, AMF Tjanstepension AB increased its position in Salesforce by 376.1% during the 2nd quarter. AMF Tjanstepension AB now owns 1,442,453 shares of the CRM provider’s stock valued at $370,873,000 after buying an additional 1,139,472 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Stifel Nicolaus boosted their price target on Salesforce from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Cfra set a $343.00 target price on Salesforce in a research note on Thursday. Roth Mkm reiterated a “buy” rating and set a $335.00 price target on shares of Salesforce in a research report on Thursday, August 29th. BNP Paribas raised Salesforce to a “strong-buy” rating in a report on Thursday, August 29th. Finally, JMP Securities reissued a “market outperform” rating and set a $342.00 target price on shares of Salesforce in a report on Wednesday, August 28th. Nine analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $311.66.

Insider Activity at Salesforce

In related news, insider Parker Harris sold 4,200 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $289.87, for a total value of $1,217,454.00. Following the completion of the transaction, the insider now owns 118,514 shares of the company’s stock, valued at $34,353,653.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CAO Sundeep G. Reddy sold 413 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $255.78, for a total value of $105,637.14. Following the completion of the sale, the chief accounting officer now owns 6,431 shares of the company’s stock, valued at $1,644,921.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Parker Harris sold 4,200 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $289.87, for a total transaction of $1,217,454.00. Following the completion of the transaction, the insider now directly owns 118,514 shares in the company, valued at approximately $34,353,653.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 78,575 shares of company stock worth $20,923,258. Company insiders own 3.20% of the company’s stock.

Salesforce Stock Down 0.7 %

Shares of NYSE CRM traded down $1.97 during mid-day trading on Monday, reaching $290.97. The company had a trading volume of 1,243,645 shares, compared to its average volume of 6,388,458. Salesforce, Inc. has a twelve month low of $193.68 and a twelve month high of $318.71. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $281.95 billion, a PE ratio of 52.43, a price-to-earnings-growth ratio of 2.61 and a beta of 1.30. The stock’s 50 day moving average is $266.65 and its 200-day moving average is $263.20.

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 company had revenue of $9.33 billion during the quarter, compared to analysts’ expectations of $9.22 billion. During the same period in the prior year, the company earned $1.63 earnings per share. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. As a group, equities analysts anticipate that Salesforce, Inc. will post 7.55 earnings per share for the current fiscal year.

Salesforce Announces Dividend

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