Kampmann Melissa S. Sells 1,091 Shares of Salesforce, Inc. (NYSE:CRM)

Kampmann Melissa S. reduced its holdings in Salesforce, Inc. (NYSE:CRM) by 9.5% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,369 shares of the CRM provider’s stock after selling 1,091 shares during the quarter. Salesforce accounts for about 1.9% of Kampmann Melissa S.’s investment portfolio, making the stock its 28th largest position. Kampmann Melissa S.’s holdings in Salesforce were worth $2,666,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fox Hill Wealth Management raised its stake in Salesforce by 4.0% in the first quarter. Fox Hill Wealth Management now owns 985 shares of the CRM provider’s stock valued at $297,000 after purchasing an additional 38 shares in the last quarter. Pinnacle Wealth Planning Services Inc. raised its position in shares of Salesforce by 0.8% during 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 buying an additional 38 shares in the last quarter. Blue Barn Wealth LLC raised its position in shares of Salesforce by 1.8% during the 1st quarter. Blue Barn Wealth LLC now owns 2,207 shares of the CRM provider’s stock valued at $665,000 after buying an additional 39 shares in the last quarter. Catalyst Financial Partners LLC lifted its holdings in shares of Salesforce by 0.8% during the 2nd quarter. Catalyst Financial Partners LLC now owns 4,876 shares of the CRM provider’s stock worth $1,254,000 after acquiring an additional 39 shares during the last quarter. Finally, DSC Advisors L.P. grew its position in Salesforce by 3.1% in the second quarter. DSC Advisors L.P. now owns 1,302 shares of the CRM provider’s stock worth $335,000 after acquiring an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Price Performance

CRM stock opened at $276.64 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.04. Salesforce, Inc. has a 52-week low of $193.68 and a 52-week high of $318.71. The firm has a market capitalization of $268.06 billion, a price-to-earnings ratio of 49.76, a PEG ratio of 2.39 and a beta of 1.29. The firm has a 50 day moving average price of $256.26 and a 200-day moving average price of $265.02.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, August 28th. The CRM provider reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.20. Salesforce had a net margin of 15.44% and a return on equity of 12.01%. The business had revenue of $9.33 billion for the quarter, compared to analysts’ expectations of $9.22 billion. During the same quarter in the prior year, the business earned $1.63 EPS. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. Equities research analysts forecast that Salesforce, Inc. will post 7.54 EPS for the current fiscal year.

Salesforce Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Wednesday, September 18th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Wednesday, September 18th. Salesforce’s dividend payout ratio (DPR) is presently 28.78%.

Insider Buying and Selling at Salesforce

In other news, insider Parker Harris sold 4,200 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $256.24, for a total value of $1,076,208.00. Following the transaction, the insider now directly owns 116,693 shares in the company, valued at approximately $29,901,414.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Salesforce news, insider Parker Harris sold 4,200 shares of the stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $256.24, for a total value of $1,076,208.00. Following the transaction, the insider now owns 116,693 shares of the company’s stock, valued at $29,901,414.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider R David Schmaier sold 1,155 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $255.78, for a total value of $295,425.90. Following the sale, the insider now owns 20,556 shares of the company’s stock, valued at $5,257,813.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 72,185 shares of company stock worth $18,708,571. Insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on CRM. Loop Capital reaffirmed a “hold” rating and set a $270.00 price target on shares of Salesforce in a research note on Thursday, September 19th. JMP Securities restated a “market outperform” rating and issued a $342.00 target price on shares of Salesforce in a research report on Wednesday, August 28th. BNP Paribas upgraded shares of Salesforce to a “strong-buy” rating in a research report on Thursday, August 29th. TD Cowen boosted their price objective on shares of Salesforce from $285.00 to $290.00 and gave the stock a “hold” rating in a report on Thursday, August 29th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Salesforce in a report on Wednesday, September 11th. Eight equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Salesforce has a consensus rating of “Moderate Buy” and a consensus target price of $308.03.

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.