Carson Advisory Inc. Has $498,000 Stake in Salesforce, Inc. (NYSE:CRM)

Carson Advisory Inc. boosted its stake in shares of Salesforce, Inc. (NYSE:CRM) by 93.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,938 shares of the CRM provider’s stock after buying an additional 936 shares during the quarter. Carson Advisory Inc.’s holdings in Salesforce were worth $498,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CRM. Norges Bank bought a new stake in Salesforce in the fourth quarter valued at approximately $2,762,331,000. Capital International Investors lifted its position in shares of Salesforce by 76.4% in the 4th quarter. Capital International Investors now owns 13,708,615 shares of the CRM provider’s stock worth $3,607,493,000 after purchasing an additional 5,935,973 shares during the period. Capital Research Global Investors boosted its stake in shares of Salesforce by 26.9% in the 1st quarter. Capital Research Global Investors now owns 14,376,536 shares of the CRM provider’s stock valued at $4,329,925,000 after purchasing an additional 3,044,611 shares during the last quarter. GQG Partners LLC acquired a new stake in shares of Salesforce during the first quarter worth $910,220,000. Finally, Swedbank AB bought a new position in Salesforce during the first quarter worth $874,748,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insiders Place Their Bets

In other news, insider Parker Harris sold 3,528 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $250.59, for a total transaction of $884,081.52. Following the transaction, the insider now owns 117,581 shares of the company’s stock, valued at approximately $29,464,622.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Parker Harris sold 3,528 shares of Salesforce stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $250.59, for a total value of $884,081.52. Following the completion of the transaction, the insider now owns 117,581 shares in the company, valued at $29,464,622.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Miguel Milano sold 2,934 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $262.95, for a total transaction of $771,495.30. Following the sale, the insider now owns 3,716 shares in the company, valued at $977,122.20. The disclosure for this sale can be found here. Insiders sold 59,892 shares of company stock valued at $15,269,897 over the last ninety days. 3.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CRM shares. BNP Paribas raised Salesforce to a “strong-buy” rating in a research report on Thursday, August 29th. Stifel Nicolaus boosted their price target on Salesforce from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Truist Financial restated a “buy” rating and set a $300.00 price target on shares of Salesforce in a report on Friday, August 30th. Roth Mkm reiterated a “buy” rating and issued a $335.00 price objective on shares of Salesforce in a research note on Thursday, August 29th. Finally, Sanford C. Bernstein increased their target price on shares of Salesforce from $234.00 to $236.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Eight research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $304.41.

Salesforce Trading Up 0.2 %

NYSE CRM opened at $246.13 on Wednesday. The business’s fifty day moving average is $254.11 and its 200-day moving average is $268.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $238.50 billion, a price-to-earnings ratio of 44.27, a PEG ratio of 2.21 and a beta of 1.29. Salesforce, Inc. has a one year low of $193.68 and a one year high of $318.71.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, August 28th. The CRM provider reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.20. The business had revenue of $9.33 billion during the quarter, compared to the consensus estimate of $9.22 billion. Salesforce had a net margin of 15.44% and a return on equity of 12.01%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.63 earnings per share. Equities research analysts predict that Salesforce, Inc. will post 7.54 EPS for the current year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Wednesday, September 18th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.65%. The ex-dividend date is Wednesday, September 18th. Salesforce’s dividend payout ratio (DPR) is 28.78%.

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.