Capital International Sarl Trims Stake in Salesforce, Inc. (NYSE:CRM)

Capital International Sarl lowered its holdings in shares of Salesforce, Inc. (NYSE:CRM - Free Report) by 2.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 98,046 shares of the CRM provider's stock after selling 2,849 shares during the period. Capital International Sarl's holdings in Salesforce were worth $32,780,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CRM. Bernard Wealth Management Corp. purchased a new position in shares of Salesforce during the 4th quarter valued at $25,000. Arlington Trust Co LLC grew its stake in shares of Salesforce by 85.1% in the 4th quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider's stock worth $29,000 after buying an additional 40 shares during the last quarter. Compass Financial Services Inc bought a new stake in Salesforce in the 4th quarter worth about $30,000. Asset Planning Inc purchased a new position in Salesforce in the fourth quarter worth about $31,000. Finally, Collier Financial bought a new stake in shares of Salesforce during the 4th quarter valued at $32,000. 80.43% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Salesforce news, CFO Amy E. Weaver sold 897 shares of the business'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 $298,055.16. Following the sale, the chief financial officer now directly owns 46,750 shares in the company, valued at $15,534,090. This represents a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Parker Harris sold 652 shares of the company's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $332.28, for a total value of $216,646.56. Following the sale, the insider now owns 121,467 shares in the company, valued at approximately $40,361,054.76. This trade represents a 0.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,654 shares of company stock valued at $14,124,094 in the last 90 days. 3.20% of the stock is owned by insiders.

Salesforce Stock Performance

NYSE CRM traded up $7.28 on Tuesday, reaching $243.54. 2,438,501 shares of the company's stock traded hands, compared to its average volume of 6,776,898. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 1.11. Salesforce, Inc. has a fifty-two week low of $212.00 and a fifty-two week high of $369.00. The stock has a 50 day moving average price of $279.43 and a 200-day moving average price of $309.44. The firm has a market cap of $234.04 billion, a price-to-earnings ratio of 39.99, a P/E/G ratio of 2.58 and a beta of 1.38.

Salesforce Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.42 per share. This is a positive change from Salesforce's previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, April 10th. Salesforce's payout ratio is 26.10%.

Wall Street Analysts Forecast Growth

CRM has been the subject of a number of research analyst reports. BMO Capital Markets reaffirmed an "outperform" rating on shares of Salesforce in a report on Wednesday, March 19th. Scotiabank lowered their price objective on Salesforce from $400.00 to $345.00 and set a "sector outperform" rating for the company in a research report on Monday, March 17th. Robert W. Baird dropped their price target on Salesforce from $430.00 to $400.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. Redburn Atlantic started coverage on Salesforce in a research report on Wednesday, February 19th. They set a "buy" rating for the company. Finally, Piper Sandler reaffirmed an "overweight" rating on shares of Salesforce in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty have given a buy rating and five have assigned a strong buy rating to the company's stock. According to MarketBeat, Salesforce currently has a consensus rating of "Moderate Buy" and a consensus price target of $357.49.

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.