Salesforce, Inc. (NYSE:CRM) Stock Holdings Lowered by D Orazio & Associates Inc.

D Orazio & Associates Inc. lowered its stake in Salesforce, Inc. (NYSE:CRM) by 30.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,088 shares of the CRM provider’s stock after selling 925 shares during the quarter. D Orazio & Associates Inc.’s holdings in Salesforce were worth $560,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Tallon Kerry Patrick acquired a new stake in Salesforce in the 4th quarter valued at about $236,000. Brighton Jones LLC lifted its position in shares of Salesforce by 13.7% in the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock worth $8,582,000 after purchasing an additional 3,102 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Salesforce in the fourth quarter worth approximately $104,173,000. Revolve Wealth Partners LLC increased its holdings in Salesforce by 12.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock worth $611,000 after buying an additional 205 shares during the last quarter. Finally, Asset Planning Inc acquired a new position in Salesforce in the fourth quarter worth approximately $31,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Trading Down 3.2%

CRM stock opened at $258.25 on Friday. Salesforce, Inc. has a 1-year low of $227.77 and a 1-year high of $369.00. 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 company has a market capitalization of $246.89 billion, a price-to-earnings ratio of 42.48, a PEG ratio of 2.58 and a beta of 1.38. The business has a 50 day simple moving average of $268.09 and a two-hundred day simple moving average of $299.93.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, May 28th. The CRM provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.03. Salesforce had a return on equity of 12.34% and a net margin of 15.96%. The company had revenue of $9.83 billion for the quarter, compared to analyst estimates of $9.74 billion. During the same quarter in the prior year, the firm posted $2.44 EPS. Salesforce’s quarterly revenue was up 7.6% compared to the same quarter last year. Research analysts anticipate that Salesforce, Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th will be paid a dividend of $0.416 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $1.66 annualized dividend and a dividend yield of 0.64%. Salesforce’s dividend payout ratio is currently 25.98%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CRM shares. Needham & Company LLC reiterated a “buy” rating and set a $400.00 price target on shares of Salesforce in a report on Wednesday, May 28th. Barclays reduced their target price on Salesforce from $425.00 to $347.00 and set an “overweight” rating for the company in a research report on Thursday, May 29th. Stifel Nicolaus reduced their target price on Salesforce from $425.00 to $375.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Wells Fargo & Company raised their target price on Salesforce from $255.00 to $275.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 29th. Finally, Loop Capital cut their price objective on Salesforce from $330.00 to $300.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-seven have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $346.34.

Insider Activity

In other Salesforce news, insider Parker Harris sold 3,273 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $284.58, for a total value of $931,430.34. Following the sale, the insider now owns 125,146 shares in the company, valued at approximately $35,614,048.68. This represents a 2.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Amy E. Weaver sold 6,221 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $277.37, for a total value of $1,725,518.77. Following the completion of the sale, the chief financial officer now owns 46,750 shares in the company, valued at approximately $12,967,047.50. This represents a 11.74% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,332 shares of company stock worth $11,024,802. Company insiders own 3.20% of the company’s stock.

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.