National Pension Service Cuts Stake in Salesforce by 4.9% Amid Earnings Beat

National Pension Service has decreased its stake in Salesforce Inc., selling 106,284 shares during the second quarter. This sale reduced their ownership percentage by 4.9%, from 2,057,099 to 1,950,815 shares.

The company's market capitalization is $200.97 billion, with a price-to-earnings ratio of 22.26 and a beta of 1.20. Salesforce has announced its quarterly earnings results for the second quarter, beating analyst estimates with revenue of $11.35 billion and earnings per share of $5.90.

The firm's current dividend payout ratio is 16.04%, with a yield of 0.7%. Analysts have set new price targets for Salesforce, with an average target price of $266.50.