Mayflower Financial Advisors LLC Sells 151 Shares of Salesforce, Inc. (NYSE:CRM)

Mayflower Financial Advisors LLC trimmed its holdings in Salesforce, Inc. (NYSE:CRM) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,541 shares of the CRM provider’s stock after selling 151 shares during the period. Mayflower Financial Advisors LLC’s holdings in Salesforce were worth $1,184,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. BSW Wealth Partners lifted its stake in shares of Salesforce by 8.7% in the fourth quarter. BSW Wealth Partners now owns 4,001 shares of the CRM provider’s stock valued at $1,337,000 after buying an additional 321 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Salesforce by 2.3% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 4,281 shares of the CRM provider’s stock valued at $1,431,000 after buying an additional 98 shares in the last quarter. Aspire Capital Advisors LLC lifted its stake in shares of Salesforce by 3.8% in the fourth quarter. Aspire Capital Advisors LLC now owns 1,815 shares of the CRM provider’s stock valued at $607,000 after buying an additional 66 shares in the last quarter. Wealth Effects LLC raised its holdings in shares of Salesforce by 7.5% in the fourth quarter. Wealth Effects LLC now owns 930 shares of the CRM provider’s stock valued at $311,000 after purchasing an additional 65 shares during the last quarter. Finally, Stonegate Investment Group LLC raised its holdings in shares of Salesforce by 5.9% in the fourth quarter. Stonegate Investment Group LLC now owns 8,377 shares of the CRM provider’s stock valued at $2,801,000 after purchasing an additional 470 shares during the last quarter. 80.43% of the stock is owned by institutional investors.

Salesforce Stock Performance

Shares of CRM stock opened at $360.00 on Wednesday. Salesforce, Inc. has a 12 month low of $212.00 and a 12 month high of $369.00. The stock has a market cap of $344.52 billion, a PE ratio of 59.21, a price-to-earnings-growth ratio of 3.01 and a beta of 1.30. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14. The company’s fifty day moving average price is $337.23 and its 200-day moving average price is $295.28.

Salesforce (NYSE:CRM) last announced its earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 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 the consensus estimate of $9.35 billion. Salesforce had a net margin of 15.96% and a return on equity of 12.34%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.62 EPS. On average, equities analysts expect that Salesforce, Inc. will post 7.48 EPS for the current fiscal year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, December 18th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.44%. The ex-dividend date was Wednesday, December 18th. Salesforce’s dividend payout ratio (DPR) is 26.32%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. TD Cowen upgraded shares of Salesforce from a “hold” rating to a “buy” rating and increased their target price for the company from $380.00 to $400.00 in a report on Friday, January 17th. Oppenheimer reiterated an “outperform” rating and issued a $415.00 target price (up previously from $385.00) on shares of Salesforce in a research note on Wednesday, December 4th. Wedbush reiterated an “outperform” rating and issued a $425.00 target price on shares of Salesforce in a research note on Wednesday, December 18th. The Goldman Sachs Group lifted their target price on shares of Salesforce from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Finally, Cfra set a $343.00 price objective on shares of Salesforce in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have issued a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $377.63.

Insider Activity at Salesforce

In related news, insider Parker Harris sold 3,970 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $296.74, for a total transaction of $1,178,057.80. Following the sale, the insider now directly owns 119,402 shares of the company’s stock, valued at approximately $35,431,349.48. This represents a 3.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Sundeep G. Reddy sold 436 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $332.28, for a total transaction of $144,874.08. Following the sale, the chief accounting officer now directly owns 7,057 shares in the company, valued at approximately $2,344,899.96. The trade was a 5.82 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,109,169 shares of company stock valued at $383,432,020. 3.20% of the stock is owned by insiders.

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.