F M Investments LLC Sells 621 Shares of Salesforce, Inc. (NYSE:CRM)

F M Investments LLC decreased its holdings in Salesforce, Inc. (NYSE:CRM) by 8.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,128 shares of the CRM provider’s stock after selling 621 shares during the period. F M Investments LLC’s holdings in Salesforce were worth $1,876,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Marks Group Wealth Management Inc raised its stake in Salesforce by 0.7% in the fourth quarter. Marks Group Wealth Management Inc now owns 35,220 shares of the CRM provider’s stock worth $9,268,000 after buying an additional 257 shares in the last quarter. Walkner Condon Financial Advisors LLC increased its position in shares of Salesforce by 2.9% during the third quarter. Walkner Condon Financial Advisors LLC now owns 2,633 shares of the CRM provider’s stock worth $534,000 after purchasing an additional 74 shares in the last quarter. Roman Butler Fullerton & Co. increased its position in shares of Salesforce by 1.4% during the fourth quarter. Roman Butler Fullerton & Co. now owns 7,881 shares of the CRM provider’s stock worth $2,206,000 after purchasing an additional 105 shares in the last quarter. Pure Financial Advisors LLC acquired a new position in shares of Salesforce during the fourth quarter worth $214,000. Finally, Riversedge Advisors LLC increased its position in shares of Salesforce by 21.7% during the third quarter. Riversedge Advisors LLC now owns 2,353 shares of the CRM provider’s stock worth $477,000 after purchasing an additional 420 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

Insider Buying and Selling at Salesforce

In other Salesforce news, COO Brian Millham sold 24,453 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $302.08, for a total value of $7,386,762.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Salesforce news, CEO Marc Benioff sold 15,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $315.54, for a total value of $4,733,100.00. Following the completion of the sale, the chief executive officer now owns 13,311,166 shares in the company, valued at approximately $4,200,205,319.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Brian Millham sold 24,453 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $302.08, for a total transaction of $7,386,762.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 611,379 shares of company stock worth $179,698,420. Insiders own 3.70% of the company’s stock.

Salesforce Price Performance

Shares of CRM traded up $2.82 during mid-day trading on Tuesday, hitting $276.63. 6,283,041 shares of the company were exchanged, compared to its average volume of 5,718,907. Salesforce, Inc. has a 1-year low of $190.57 and a 1-year high of $318.71. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.09 and a current ratio of 1.09. The company has a 50 day moving average of $296.91 and a 200-day moving average of $263.28. The stock has a market cap of $268.33 billion, a price-to-earnings ratio of 65.86, a price-to-earnings-growth ratio of 2.08 and a beta of 1.28.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, February 28th. The CRM provider reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.06. Salesforce had a net margin of 11.87% and a return on equity of 10.42%. The firm had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.22 billion. During the same quarter in the prior year, the firm earned $1.01 EPS. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. Analysts expect that Salesforce, Inc. will post 7.45 EPS for the current fiscal year.

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 14th were issued a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.60 dividend on an annualized basis and a yield of 0.58%. Salesforce’s payout ratio is 9.52%.

Analyst Upgrades and Downgrades

CRM has been the topic of a number of recent analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a $350.00 price target on shares of Salesforce in a research report on Thursday, March 7th. JPMorgan Chase & Co. boosted their price objective on shares of Salesforce from $260.00 to $310.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. TheStreet raised shares of Salesforce from a “c+” rating to a “b-” rating in a report on Friday, January 19th. Argus boosted their price objective on shares of Salesforce from $290.00 to $354.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, Wolfe Research reissued an “outperform” rating and set a $365.00 price objective on shares of Salesforce in a report on Tuesday, April 16th. Nine research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $310.61.

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.