Salesforce, Inc. (NYSE:CRM) Stock Position Lowered by UMB Bank n.a.

UMB Bank n.a. cut its stake in shares of Salesforce, Inc. (NYSE:CRM - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,532 shares of the CRM provider's stock after selling 879 shares during the period. UMB Bank n.a.'s holdings in Salesforce were worth $29,265,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its holdings in Salesforce by 1.8% during the third quarter. State Street Corp now owns 49,007,404 shares of the CRM provider's stock worth $13,432,855,000 after purchasing an additional 864,193 shares during the last quarter. Geode Capital Management LLC boosted its stake 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 buying an additional 257,501 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Salesforce by 2.6% in the 3rd quarter. Fisher Asset Management LLC now owns 12,276,551 shares of the CRM provider's stock worth $3,360,215,000 after buying an additional 314,530 shares during the last quarter. Legal & General Group Plc increased its position in shares of Salesforce by 2.2% during the second quarter. Legal & General Group Plc now owns 8,329,687 shares of the CRM provider's stock valued at $2,141,562,000 after acquiring an additional 176,641 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Salesforce by 1.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,964,702 shares of the CRM provider's stock worth $1,632,599,000 after acquiring an additional 57,825 shares during the period. 80.43% of the stock is owned by hedge funds and other institutional investors.

Salesforce Stock Up 1.5 %

Shares of NYSE CRM traded up $4.77 during mid-day trading on Monday, reaching $324.77. The company had a trading volume of 6,283,814 shares, compared to its average volume of 4,604,853. The firm has a 50 day simple moving average of $337.31 and a two-hundred day simple moving average of $292.02. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14. Salesforce, Inc. has a 52-week low of $212.00 and a 52-week high of $369.00. The stock has a market cap of $310.81 billion, a P/E ratio of 53.42, a PEG ratio of 2.87 and a beta of 1.30.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings data on Tuesday, December 3rd. The CRM provider reported $2.41 EPS for the quarter, missing analysts' consensus estimates of $2.44 by ($0.03). Salesforce had a return on equity of 12.34% and a net margin of 15.96%. The firm had revenue of $9.44 billion for the quarter, compared to analysts' expectations of $9.35 billion. During the same quarter in the previous year, the company posted $1.62 EPS. The firm's quarterly revenue was up 8.3% compared to the same quarter last year. Sell-side analysts predict that Salesforce, Inc. will post 7.48 earnings per share for the current year.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th were given a $0.40 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $1.60 annualized dividend and a dividend yield of 0.49%. Salesforce's dividend payout ratio is presently 26.32%.

Analyst Upgrades and Downgrades

CRM has been the subject of a number of recent analyst reports. Citigroup upped their price objective on Salesforce from $368.00 to $390.00 and gave the company a "neutral" rating in a research note on Wednesday, December 4th. TD Cowen upgraded shares of Salesforce from a "hold" rating to a "buy" rating and raised their price objective for the stock from $380.00 to $400.00 in a report on Friday. Loop Capital boosted their target price on shares of Salesforce from $340.00 to $360.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th. Cfra set a $343.00 price target on shares of Salesforce in a report on Thursday, October 17th. Finally, Macquarie reissued a "neutral" rating and set a $370.00 price objective on shares of Salesforce in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have assigned a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $377.63.

Insider Activity

In other news, CAO Sundeep G. Reddy sold 413 shares of the business's stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $285.29, for a total transaction of $117,824.77. Following the completion of the sale, the chief accounting officer now owns 7,006 shares in the company, valued at approximately $1,998,741.74. The trade was a 5.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Amy E. Weaver sold 897 shares of the business's stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $285.29, for a total value of $255,905.13. Following the transaction, the chief financial officer now owns 52,930 shares in the company, valued at approximately $15,100,399.70. This represents a 1.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,183,838 shares of company stock worth $405,595,158 over the last three months. 3.20% of the stock is currently owned by corporate 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.