Chilton Capital Management LLC Increases Holdings in Salesforce Inc. (NYSE:CRM)

Chilton Capital Management LLC grew its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,456 shares of the CRM provider's stock after purchasing an additional 4,650 shares during the period. Salesforce makes up about 1.2% of Chilton Capital Management LLC's holdings, making the stock its 28th biggest position. Chilton Capital Management LLC's holdings in Salesforce were worth $28,837,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of Salesforce by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 19,955,353 shares of the CRM provider's stock valued at $6,656,078,000 after purchasing an additional 175,035 shares during the period. Northern Trust Corp increased its position in shares of Salesforce by 18.3% during the fourth quarter. Northern Trust Corp now owns 11,224,927 shares of the CRM provider's stock valued at $3,752,830,000 after buying an additional 1,736,667 shares during the period. Norges Bank purchased a new stake in shares of Salesforce in the fourth quarter worth about $3,599,867,000. Price T Rowe Associates Inc. MD grew its stake in Salesforce by 23.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,938,536 shares of the CRM provider's stock valued at $2,988,422,000 after acquiring an additional 1,683,233 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Salesforce by 7.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,658,132 shares of the CRM provider's stock worth $2,894,673,000 after acquiring an additional 602,445 shares during the period. 80.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CRM has been the topic of several research analyst reports. Morgan Stanley reaffirmed an "overweight" rating and issued a $404.00 price target (up previously from $393.00) on shares of Salesforce in a report on Thursday, May 29th. UBS Group set a $404.00 price target on Salesforce and gave the company an "overweight" rating in a report on Wednesday, June 18th. Mizuho dropped their price target on Salesforce from $425.00 to $380.00 and set an "outperform" rating for the company in a research report on Thursday, May 15th. DA Davidson restated an "underperform" rating and issued a $200.00 price objective on shares of Salesforce in a research report on Wednesday, May 28th. Finally, Guggenheim raised shares of Salesforce from a "sell" rating to a "neutral" rating in a research note on Monday, April 21st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-eight have given a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $349.08.

Salesforce Trading Down 0.4%

Shares of CRM traded down $0.98 during mid-day trading on Monday, hitting $271.17. 2,149,107 shares of the company's stock traded hands, compared to its average volume of 6,526,505. The business's 50-day moving average price is $272.28 and its 200-day moving average price is $291.15. Salesforce Inc. has a 1 year low of $230.00 and a 1 year high of $369.00. The firm has a market capitalization of $259.24 billion, a P/E ratio of 42.43, a PEG ratio of 2.47 and a beta of 1.36. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The CRM provider reported $2.58 EPS for the quarter, topping the consensus estimate of $2.55 by $0.03. The business had revenue of $9.83 billion during the quarter, compared to analyst estimates of $9.74 billion. Salesforce had a net margin of 16.08% and a return on equity of 12.94%. The company's revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.44 EPS. As a group, sell-side analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th will be issued a dividend of $0.416 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.61%. Salesforce's dividend payout ratio (DPR) is 25.98%.

Insider Activity

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $272.48, for a total transaction of $613,080.00. Following the completion of the transaction, the chief executive officer owned 11,862,457 shares of the company's stock, valued at approximately $3,232,282,283.36. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider R David Schmaier sold 6,959 shares of the company's stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $253.31, for a total transaction of $1,762,784.29. Following the completion of the sale, the insider directly owned 36,090 shares in the company, valued at $9,141,957.90. This represents a 16.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,534 shares of company stock worth $7,609,842. Company insiders own 3.20% of the company's stock.

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.