Salesforce, Inc. (NYSE:CRM) is Middleton & Co. Inc. MA’s 10th Largest Position

Middleton & Co. Inc. MA lowered its stake in Salesforce, Inc. (NYSE:CRM) by 0.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 60,642 shares of the CRM provider’s stock after selling 338 shares during the period. Salesforce accounts for about 2.2% of Middleton & Co. Inc. MA’s holdings, making the stock its 10th largest holding. Middleton & Co. Inc. MA’s holdings in Salesforce were worth $20,274,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CRM. JFS Wealth Advisors LLC increased its stake in Salesforce by 27.4% during the 3rd quarter. JFS Wealth Advisors LLC now owns 512 shares of the CRM provider’s stock valued at $140,000 after purchasing an additional 110 shares in the last quarter. Financial Advocates Investment Management increased its position in shares of Salesforce by 1.4% during the third quarter. Financial Advocates Investment Management now owns 8,968 shares of the CRM provider’s stock valued at $2,455,000 after acquiring an additional 120 shares in the last quarter. HM Payson & Co. raised its holdings in Salesforce by 1.9% in the 3rd quarter. HM Payson & Co. now owns 4,112 shares of the CRM provider’s stock worth $1,125,000 after acquiring an additional 76 shares during the last quarter. Baron Silver Stevens Financial Advisors LLC lifted its position in Salesforce by 12.6% in the 3rd quarter. Baron Silver Stevens Financial Advisors LLC now owns 891 shares of the CRM provider’s stock valued at $244,000 after acquiring an additional 100 shares in the last quarter. Finally, Reston Wealth Management LLC purchased a new stake in Salesforce during the 3rd quarter valued at $78,000. Institutional investors own 80.43% of the company’s stock.

Salesforce Trading Up 0.9 %

Shares of NYSE:CRM opened at $297.63 on Friday. The business has a 50-day moving average price of $329.11 and a 200-day moving average price of $307.21. The stock has a market cap of $284.83 billion, a price-to-earnings ratio of 48.95, a PEG ratio of 2.58 and a beta of 1.31. Salesforce, Inc. has a 52-week low of $212.00 and a 52-week high of $369.00. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM) last posted 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). The business had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $9.35 billion. Salesforce had a return on equity of 12.34% and a net margin of 15.96%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.62 earnings per share. Equities analysts predict that Salesforce, Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th were issued a $0.40 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $1.60 annualized dividend and a dividend yield of 0.54%. Salesforce’s dividend payout ratio (DPR) is presently 25.16%.

Insider Buying and Selling

In other news, CFO Amy E. Weaver sold 6,221 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $328.18, for a total transaction of $2,041,607.78. Following the sale, the chief financial officer now directly owns 46,750 shares of the company’s stock, valued at $15,342,415. This represents a 11.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Miguel Milano sold 458 shares of Salesforce stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $307.97, for a total value of $141,050.26. Following the completion of the transaction, the insider now owns 5,864 shares of the company’s stock, valued at approximately $1,805,936.08. This represents a 7.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,102,572 shares of company stock valued at $381,283,706 over the last ninety days. Company insiders own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CRM shares. KeyCorp upgraded Salesforce from a “sector weight” rating to an “overweight” rating and set a $440.00 price objective for the company in a report on Friday, December 13th. Jefferies Financial Group boosted their price objective on shares of Salesforce from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Guggenheim restated a “sell” rating and issued a $247.00 target price on shares of Salesforce in a report on Thursday. Truist Financial reaffirmed a “buy” rating and issued a $400.00 target price (up previously from $380.00) on shares of Salesforce in a research report on Wednesday, December 4th. Finally, Northland Securities reissued an “outperform” rating and set a $440.00 price target (up from $400.00) on shares of Salesforce in a report on Wednesday, December 4th. Two equities research 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $365.32.

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.