Yoder Wealth Management Inc. Reduces Stock Holdings in Salesforce, Inc. (NYSE:CRM)

Yoder Wealth Management Inc. trimmed its holdings in shares of Salesforce, Inc. (NYSE:CRM) by 3.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,199 shares of the CRM provider’s stock after selling 37 shares during the period. Yoder Wealth Management Inc.’s holdings in Salesforce were worth $316,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bear Mountain Capital Inc. purchased a new stake in Salesforce during the 4th quarter valued at about $26,000. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Salesforce in the fourth quarter worth about $31,000. Pacifica Partners Inc. boosted its stake in shares of Salesforce by 333.3% in the fourth quarter. Pacifica Partners Inc. now owns 130 shares of the CRM provider’s stock worth $33,000 after buying an additional 100 shares during the last quarter. BKM Wealth Management LLC purchased a new stake in shares of Salesforce in the fourth quarter worth about $34,000. Finally, AlphaMark Advisors LLC boosted its stake in shares of Salesforce by 892.9% in the fourth quarter. AlphaMark Advisors LLC now owns 139 shares of the CRM provider’s stock worth $37,000 after buying an additional 125 shares during the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Salesforce

In other news, COO Brian Millham sold 4,204 shares of the stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $278.00, for a total value of $1,168,712.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Salesforce news, insider Srinivas Tallapragada sold 10,000 shares of Salesforce stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $283.12, for a total value of $2,831,200.00. Following the sale, the insider now owns 60,416 shares of the company’s stock, valued at approximately $17,104,977.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Brian Millham sold 4,204 shares of Salesforce stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $278.00, for a total transaction of $1,168,712.00. The disclosure for this sale can be found here. Insiders sold a total of 620,793 shares of company stock worth $182,177,918 over the last ninety days. Company insiders own 3.70% of the company’s stock.

Salesforce Trading Up 0.4 %

Salesforce stock traded up $1.15 during mid-day trading on Friday, hitting $274.29. The company’s stock had a trading volume of 3,754,585 shares, compared to its average volume of 5,162,527. Salesforce, Inc. has a 1 year low of $190.76 and a 1 year high of $318.71. The stock’s fifty day moving average is $295.97 and its two-hundred day moving average is $263.90. The firm has a market capitalization of $266.06 billion, a PE ratio of 65.29, a price-to-earnings-growth ratio of 2.10 and a beta of 1.28. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, February 28th. The CRM provider reported $1.78 EPS for the quarter, topping the consensus estimate of $1.72 by $0.06. Salesforce had a return on equity of 10.42% and a net margin of 11.87%. The business had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.22 billion. During the same period last year, the business posted $1.01 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. On average, analysts anticipate that Salesforce, Inc. will post 7.45 EPS for the current year.

Salesforce Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 14th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.60 annualized dividend and a dividend yield of 0.58%. Salesforce’s dividend payout ratio is currently 9.52%.

Analyst Ratings Changes

A number of analysts have recently commented on CRM shares. Stifel Nicolaus restated a “buy” rating and issued a $350.00 target price on shares of Salesforce in a research note on Wednesday, April 3rd. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $350.00 price target on shares of Salesforce in a report on Thursday, March 7th. JPMorgan Chase & Co. upped their price target on Salesforce from $260.00 to $310.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $345.00 price target on shares of Salesforce in a report on Monday, April 15th. Finally, Citigroup upped their price target on Salesforce from $265.00 to $325.00 and gave the stock a “neutral” rating in a report on Monday, February 26th. Nine investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $310.61.

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.