Salesforce, Inc. (NYSE:CRM) Position Lowered by Willis Johnson & Associates Inc.

Willis Johnson & Associates Inc. reduced its position in Salesforce, Inc. (NYSE:CRM) by 48.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 678 shares of the CRM provider’s stock after selling 649 shares during the period. Willis Johnson & Associates Inc.’s holdings in Salesforce were worth $227,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CRM. Bernard Wealth Management Corp. bought a new position in Salesforce in the fourth quarter worth about $25,000. Accredited Wealth Management LLC acquired a new stake in shares of Salesforce during the 4th quarter worth approximately $27,000. Arlington Trust Co LLC lifted its holdings in shares of Salesforce by 85.1% in the 4th quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider’s stock worth $29,000 after purchasing an additional 40 shares during the last quarter. Compass Financial Services Inc bought a new position in Salesforce during the 4th quarter worth $30,000. Finally, Asset Planning Inc bought a new position in Salesforce during the 4th quarter worth $31,000. 80.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. BMO Capital Markets restated an “outperform” rating on shares of Salesforce in a research report on Wednesday, March 19th. Stifel Nicolaus reduced their target price on shares of Salesforce from $425.00 to $375.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Mizuho dropped their price target on shares of Salesforce from $425.00 to $380.00 and set an “outperform” rating on the stock in a research note on Thursday, May 15th. Jefferies Financial Group cut their price target on Salesforce from $425.00 to $375.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Finally, Guggenheim upgraded Salesforce from a “sell” rating to a “neutral” rating in a research report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have assigned a buy rating and five have given a strong buy rating to the stock. According to data from MarketBeat, Salesforce has a consensus rating of “Moderate Buy” and an average target price of $352.62.

Insiders Place Their Bets

In other Salesforce news, insider R David Schmaier sold 6,959 shares of the business’s stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $253.31, for a total transaction of $1,762,784.29. Following the sale, the insider now directly owns 36,090 shares of the company’s stock, valued at $9,141,957.90. The trade was a 16.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Miguel Milano sold 458 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $307.97, for a total value of $141,050.26. Following the completion of the sale, the insider now directly owns 5,864 shares of the company’s stock, valued at approximately $1,805,936.08. This trade represents a 7.24% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,306 shares of company stock worth $12,841,368. Company insiders own 3.20% of the company’s stock.

Salesforce Stock Performance

CRM opened at $287.64 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. The firm has a market cap of $276.53 billion, a PE ratio of 47.31, a P/E/G ratio of 2.58 and a beta of 1.42. The business has a fifty day simple moving average of $268.48 and a 200-day simple moving average of $307.02. Salesforce, Inc. has a fifty-two week low of $212.00 and a fifty-two week high of $369.00.

Salesforce Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 10th were paid a $0.42 dividend. The ex-dividend date was Thursday, April 10th. This represents a $1.68 dividend on an annualized basis and a yield of 0.58%. This is a boost from Salesforce’s previous quarterly dividend of $0.40. Salesforce’s dividend payout ratio (DPR) is currently 26.10%.

Salesforce 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.