Carrera Capital Advisors Purchases 74 Shares of Salesforce, Inc. (NYSE:CRM)

Carrera Capital Advisors increased its holdings in Salesforce, Inc. (NYSE:CRM) by 9.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 837 shares of the CRM provider’s stock after buying an additional 74 shares during the period. Carrera Capital Advisors’ holdings in Salesforce were worth $280,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Infrastructure Capital Advisors LLC bought a new stake in shares of Salesforce during the 3rd quarter valued at about $27,000. Arlington Trust Co LLC raised its stake in Salesforce by 85.1% in the fourth quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider’s stock valued at $29,000 after purchasing an additional 40 shares in the last quarter. Compass Financial Services Inc bought a new stake in Salesforce during the fourth quarter valued at approximately $30,000. Asset Planning Inc bought a new position in shares of Salesforce in the 4th quarter worth $31,000. Finally, Collier Financial bought a new position in shares of Salesforce in the 4th quarter worth $32,000. Institutional investors own 80.43% of the company’s stock.

Salesforce Trading Down 2.0 %

Salesforce stock opened at $287.10 on Wednesday. Salesforce, Inc. has a one year low of $212.00 and a one year high of $369.00. The business’s fifty day moving average is $326.96 and its 200 day moving average is $308.33. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $274.76 billion, a PE ratio of 47.22, a price-to-earnings-growth ratio of 2.58 and a beta of 1.31.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.03). Salesforce had a net margin of 15.96% and a return on equity of 12.34%. The company had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $9.35 billion. During the same period in the previous year, the business earned $1.62 EPS. The business’s revenue was up 8.3% compared to the same quarter last year. On average, sell-side analysts predict that Salesforce, Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, December 18th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was Wednesday, December 18th. Salesforce’s dividend payout ratio (DPR) is presently 25.16%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CRM. Jefferies Financial Group increased their target price on Salesforce from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Macquarie decreased their price objective on Salesforce from $370.00 to $320.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. Stifel Nicolaus cut their target price on Salesforce from $425.00 to $375.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. BMO Capital Markets decreased their price target on shares of Salesforce from $375.00 to $367.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Finally, TD Cowen raised shares of Salesforce from a “hold” rating to a “buy” rating and upped their price objective for the company from $380.00 to $400.00 in a research note on Friday, January 17th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, thirty-two have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $365.32.

Insiders Place Their Bets

In other Salesforce news, CFO Amy E. Weaver sold 6,221 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $301.00, for a total transaction of $1,872,521.00. Following the completion of the sale, the chief financial officer now directly owns 46,750 shares in the company, valued at $14,071,750. The trade was a 11.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Marc Benioff sold 317,105 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $346.78, for a total transaction of $109,965,671.90. Following the sale, the chief executive officer now directly owns 12,162,457 shares of the company’s stock, valued at $4,217,696,838.46. The trade was a 2.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,108,793 shares of company stock valued at $383,156,227. Company 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.