ORG Partners LLC Has $262,000 Position in Salesforce Inc. (NYSE:CRM)

ORG Partners LLC reduced its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 73.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 969 shares of the CRM provider's stock after selling 2,723 shares during the quarter. ORG Partners LLC's holdings in Salesforce were worth $262,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Roberts Wealth Advisors LLC raised its position in shares of Salesforce by 45.4% in the first quarter. Roberts Wealth Advisors LLC now owns 16,106 shares of the CRM provider's stock worth $4,322,000 after acquiring an additional 5,027 shares during the period. Trifecta Capital Advisors LLC increased its stake in shares of Salesforce by 1.7% in the 1st quarter. Trifecta Capital Advisors LLC now owns 24,482 shares of the CRM provider's stock valued at $6,570,000 after purchasing an additional 411 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Salesforce by 9.5% in the 1st quarter. Blue Trust Inc. now owns 9,956 shares of the CRM provider's stock valued at $2,672,000 after purchasing an additional 865 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in Salesforce by 5.0% in the 1st quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,827 shares of the CRM provider's stock worth $493,000 after purchasing an additional 87 shares during the period. Finally, Silver Oak Securities Incorporated boosted its position in Salesforce by 39.3% during the first quarter. Silver Oak Securities Incorporated now owns 3,037 shares of the CRM provider's stock worth $820,000 after purchasing an additional 857 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Salesforce

In related news, CAO Sundeep G. Reddy sold 1,909 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $284.58, for a total transaction of $543,263.22. Following the completion of the sale, the chief accounting officer now owns 11,310 shares in the company, valued at $3,218,599.80. This trade represents a 14.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Parker Harris sold 3,273 shares of the company's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $284.58, for a total transaction of $931,430.34. Following the sale, the insider now directly owns 125,146 shares in the company, valued at $35,614,048.68. This represents a 2.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,111 shares of company stock worth $9,299,283 in the last 90 days. 3.20% of the stock is owned by company insiders.

Salesforce Stock Up 0.5%

Shares of Salesforce stock traded up $1.29 on Friday, hitting $260.79. 12,802,546 shares of the company traded hands, compared to its average volume of 6,490,099. Salesforce Inc. has a 12-month low of $230.00 and a 12-month high of $369.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.14. The company has a market cap of $249.31 billion, a PE ratio of 40.81, a PEG ratio of 2.36 and a beta of 1.38. The company has a 50-day moving average price of $268.51 and a 200 day moving average price of $297.25.

Salesforce (NYSE:CRM - Get Free Report) last posted its earnings results on Wednesday, May 28th. The CRM provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.55 by $0.03. Salesforce had a net margin of 16.08% and a return on equity of 12.94%. The firm had revenue of $9.83 billion during the quarter, compared to analysts' expectations of $9.74 billion. During the same period in the previous year, the company earned $2.44 earnings per share. The company's revenue was up 7.6% compared to the same quarter last year. Sell-side analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 18th will be given a dividend of $0.416 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $1.66 annualized dividend and a dividend yield of 0.64%. Salesforce's dividend payout ratio is presently 25.98%.

Analysts Set New Price Targets

Several research firms have issued reports on CRM. Jefferies Financial Group decreased their price objective on shares of Salesforce from $425.00 to $375.00 and set a "buy" rating on the stock in a report on Monday, March 31st. BMO Capital Markets decreased their price target on shares of Salesforce from $367.00 to $350.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 27th. Oppenheimer reiterated an "outperform" rating and issued a $370.00 price objective on shares of Salesforce in a report on Tuesday, June 10th. Robert W. Baird reduced their target price on Salesforce from $430.00 to $400.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. Finally, The Goldman Sachs Group lifted their price target on Salesforce from $340.00 to $385.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-eight have given a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $349.08.

About Salesforce

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.