DeDora Capital Inc. Has $2.21 Million Stock Holdings in Salesforce, Inc. (NYSE:CRM)

DeDora Capital Inc. increased its position in Salesforce, Inc. (NYSE:CRM) by 5.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,067 shares of the CRM provider’s stock after buying an additional 387 shares during the period. DeDora Capital Inc.’s holdings in Salesforce were worth $2,208,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Prentice Wealth Management LLC raised its stake in shares of Salesforce by 1.5% during the third quarter. Prentice Wealth Management LLC now owns 2,506 shares of the CRM provider’s stock valued at $686,000 after purchasing an additional 37 shares during the period. Fox Hill Wealth Management lifted its holdings in Salesforce by 4.0% in the first quarter. Fox Hill Wealth Management now owns 985 shares of the CRM provider’s stock worth $297,000 after purchasing an additional 38 shares during the period. Pinnacle Wealth Planning Services Inc. lifted its holdings in Salesforce by 0.8% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 4,946 shares of the CRM provider’s stock valued at $1,490,000 after acquiring an additional 38 shares during the last quarter. Fulton Bank N.A. raised its holdings in Salesforce by 0.4% during the 3rd quarter. Fulton Bank N.A. now owns 9,269 shares of the CRM provider’s stock worth $2,537,000 after buying an additional 38 shares during the period. Finally, CRA Financial Services LLC raised its holdings in Salesforce by 3.4% during the 3rd quarter. CRA Financial Services LLC now owns 1,160 shares of the CRM provider’s stock worth $318,000 after buying an additional 38 shares during the period. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Salesforce Trading Down 0.1 %

CRM stock traded down $0.20 during trading on Tuesday, reaching $291.09. 512,336 shares of the stock were exchanged, compared to its average volume of 6,367,214. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average price of $267.44 and a 200-day moving average price of $263.18. Salesforce, Inc. has a 1 year low of $193.68 and a 1 year high of $318.71. The firm has a market capitalization of $282.07 billion, a price-to-earnings ratio of 52.40, a P/E/G ratio of 2.61 and a beta of 1.30.

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. The business had revenue of $9.33 billion for the quarter, compared to the consensus estimate of $9.22 billion. Salesforce had a net margin of 15.44% and a return on equity of 12.01%. The business’s revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.63 EPS. On average, research analysts predict that Salesforce, Inc. will post 7.55 earnings per share for the current year.

Salesforce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Wednesday, September 18th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Wednesday, September 18th. Salesforce’s dividend payout ratio (DPR) is 28.78%.

Analysts Set New Price Targets

Several equities research analysts recently commented on CRM shares. Canaccord Genuity Group boosted their price target on Salesforce from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Morgan Stanley upped their target price on Salesforce from $320.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. BNP Paribas raised Salesforce to a “strong-buy” rating in a research report on Thursday, August 29th. Northland Capmk raised Salesforce from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, TD Cowen upped their target price on Salesforce from $285.00 to $290.00 and gave the company a “hold” rating in a research note on Thursday, August 29th. Nine investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $311.66.

Insiders Place Their Bets

In other Salesforce news, COO Brian Millham sold 969 shares of the firm’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $253.63, for a total transaction of $245,767.47. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Salesforce news, insider Parker Harris sold 4,200 shares of Salesforce stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $257.28, for a total transaction of $1,080,576.00. Following the completion of the transaction, the insider now owns 117,581 shares in the company, valued at approximately $30,251,239.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Brian Millham sold 969 shares of Salesforce stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $253.63, for a total transaction of $245,767.47. The disclosure for this sale can be found here. In the last three months, insiders have sold 76,110 shares of company stock valued at $20,292,760. Insiders own 3.20% of the company’s stock.

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.