Mosaic Family Wealth Partners LLC Has $314,000 Holdings in Salesforce, Inc. (NYSE:CRM)

Mosaic Family Wealth Partners LLC increased its holdings in shares of Salesforce, Inc. (NYSE:CRM) by 6.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,044 shares of the CRM provider’s stock after acquiring an additional 67 shares during the period. Mosaic Family Wealth Partners LLC’s holdings in Salesforce were worth $314,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CRM. Graypoint LLC raised its holdings in Salesforce by 0.3% during the fourth quarter. Graypoint LLC now owns 10,504 shares of the CRM provider’s stock worth $2,764,000 after acquiring an additional 36 shares in the last quarter. Chase Investment Counsel Corp raised its stake in shares of Salesforce by 0.3% during the 4th quarter. Chase Investment Counsel Corp now owns 10,377 shares of the CRM provider’s stock worth $2,730,000 after purchasing an additional 36 shares in the last quarter. JFS Wealth Advisors LLC boosted its holdings in shares of Salesforce by 11.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 353 shares of the CRM provider’s stock valued at $93,000 after buying an additional 36 shares during the last quarter. Opes Wealth Management LLC grew its stake in shares of Salesforce by 2.9% in the fourth quarter. Opes Wealth Management LLC now owns 1,295 shares of the CRM provider’s stock valued at $341,000 after buying an additional 37 shares in the last quarter. Finally, Fox Hill Wealth Management increased its holdings in Salesforce by 4.0% during the first quarter. Fox Hill Wealth Management now owns 985 shares of the CRM provider’s stock worth $297,000 after buying an additional 38 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CRM. Truist Financial reissued a “buy” rating and issued a $300.00 price objective (down previously from $360.00) on shares of Salesforce in a research report on Thursday, May 30th. Raymond James restated a “strong-buy” rating and issued a $325.00 price objective (down previously from $380.00) on shares of Salesforce in a research note on Thursday, May 30th. Piper Sandler reiterated a “neutral” rating and set a $250.00 target price on shares of Salesforce in a research note on Friday, July 12th. Mizuho decreased their target price on Salesforce from $345.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, May 30th. Finally, Evercore ISI cut their price target on Salesforce from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $292.79.

Salesforce Price Performance

CRM traded down $9.09 during trading on Friday, hitting $243.97. 6,504,544 shares of the stock traded hands, compared to its average volume of 5,600,353. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11. Salesforce, Inc. has a twelve month low of $193.68 and a twelve month high of $318.71. The company has a market cap of $236.41 billion, a price-to-earnings ratio of 43.88, a PEG ratio of 2.22 and a beta of 1.29. The business has a 50 day moving average price of $248.53 and a 200 day moving average price of $274.95.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, May 29th. The CRM provider reported $2.44 EPS for the quarter, beating the consensus estimate of $2.38 by $0.06. The business had revenue of $9.13 billion during the quarter, compared to the consensus estimate of $9.15 billion. Salesforce had a net margin of 15.30% and a return on equity of 11.57%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.15 EPS. Equities research analysts forecast that Salesforce, Inc. will post 7.47 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Tuesday, July 9th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $1.60 annualized dividend and a yield of 0.66%. Salesforce’s dividend payout ratio is presently 28.78%.

Insider Buying and Selling

In other news, CAO Sundeep G. Reddy sold 413 shares of the stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $255.78, for a total value of $105,637.14. Following the completion of the sale, the chief accounting officer now owns 6,431 shares of the company’s stock, valued at $1,644,921.18. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CAO Sundeep G. Reddy sold 413 shares of the company’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $255.78, for a total value of $105,637.14. Following the sale, the chief accounting officer now directly owns 6,431 shares of the company’s stock, valued at approximately $1,644,921.18. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Amy E. Weaver sold 897 shares of Salesforce stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $255.78, for a total transaction of $229,434.66. Following the transaction, the chief financial officer now directly owns 51,109 shares of the company’s stock, valued at approximately $13,072,660.02. The disclosure for this sale can be found here. Insiders have sold a total of 279,242 shares of company stock valued at $73,931,941 over the last 90 days. 3.20% of the stock is owned by insiders.

Salesforce Company 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.