Pioneer Trust Bank N A OR Has $8.28 Million Holdings in Salesforce, Inc. (NYSE:CRM)

Pioneer Trust Bank N A OR boosted its stake in Salesforce, Inc. (NYSE:CRM) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,779 shares of the CRM provider’s stock after buying an additional 780 shares during the quarter. Salesforce makes up about 2.1% of Pioneer Trust Bank N A OR’s investment portfolio, making the stock its 17th largest position. Pioneer Trust Bank N A OR’s holdings in Salesforce were worth $8,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Foundations Investment Advisors LLC grew its holdings in shares of Salesforce by 15.0% in the 4th quarter. Foundations Investment Advisors LLC now owns 36,473 shares of the CRM provider’s stock worth $12,194,000 after purchasing an additional 4,752 shares during the last quarter. Nabity Jensen Investment Management Inc bought a new stake in Salesforce during the third quarter worth about $1,215,000. Athena Investment Management bought a new position in shares of Salesforce in the fourth quarter valued at approximately $236,000. Highland Capital Management LLC bought a new position in shares of Salesforce in the fourth quarter valued at approximately $4,321,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Salesforce by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 19,780,318 shares of the CRM provider’s stock worth $5,395,132,000 after acquiring an additional 257,501 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors.

Salesforce Trading Down 5.9 %

Shares of NYSE:CRM opened at $240.26 on Friday. The company’s fifty day simple moving average is $302.46 and its 200 day simple moving average is $311.00. The firm has a market cap of $230.89 billion, a price-to-earnings ratio of 39.52, a PEG ratio of 2.58 and a beta of 1.38. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. Salesforce, Inc. has a 12 month low of $212.00 and a 12 month high of $369.00.

Salesforce Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 10th will be issued a dividend of $0.42 per share. The ex-dividend date is Thursday, April 10th. This is an increase from Salesforce’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.70%. Salesforce’s dividend payout ratio (DPR) is presently 26.10%.

Analysts Set New Price Targets

CRM has been the subject of several research analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $450.00 price objective on shares of Salesforce in a research report on Wednesday, December 18th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Salesforce in a report on Wednesday, March 19th. Citigroup reissued a “buy” rating on shares of Salesforce in a report on Wednesday, March 19th. Redburn Atlantic began coverage on shares of Salesforce in a research report on Wednesday, February 19th. They issued a “buy” rating for the company. Finally, Guggenheim reiterated a “sell” rating and set a $247.00 target price on shares of Salesforce in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-one have given a buy rating and five have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $361.42.

Insider Activity at Salesforce

In other Salesforce news, Director Oscar Munoz purchased 3,882 shares of the business’s stock in a transaction on Thursday, April 3rd. The shares were purchased at an average cost of $257.28 per share, with a total value of $998,760.96. Following the transaction, the director now directly owns 11,843 shares of the company’s stock, valued at $3,046,967.04. This represents a 48.76 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Amy E. Weaver sold 6,221 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $329.88, for a total value of $2,052,183.48. Following the completion of the transaction, the chief financial officer now owns 45,861 shares of the company’s stock, valued at $15,128,626.68. The trade was a 11.94 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,660 shares of company stock valued at $14,095,336. 3.20% of the stock is owned by insiders.

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.