Salesforce, Inc. (NYSE:CRM) Shares Acquired by Muirfield Wealth Advisors LLC

Muirfield Wealth Advisors LLC lifted its position in Salesforce, Inc. (NYSE:CRM) by 2.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,457 shares of the CRM provider’s stock after acquiring an additional 33 shares during the period. Muirfield Wealth Advisors LLC’s holdings in Salesforce were worth $487,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Lazari Capital Management Inc. boosted its stake in Salesforce by 1.2% during the 4th quarter. Lazari Capital Management Inc. now owns 5,506 shares of the CRM provider’s stock worth $1,841,000 after purchasing an additional 63 shares during the last quarter. Resonant Capital Advisors LLC boosted its position in Salesforce by 10.5% during the fourth quarter. Resonant Capital Advisors LLC now owns 7,959 shares of the CRM provider’s stock worth $2,664,000 after acquiring an additional 758 shares during the last quarter. Catalina Capital Group LLC raised its holdings in Salesforce by 7.2% in the 4th quarter. Catalina Capital Group LLC now owns 3,262 shares of the CRM provider’s stock valued at $1,091,000 after acquiring an additional 220 shares during the last quarter. Princeton Global Asset Management LLC lifted its stake in Salesforce by 2,380.1% in the 4th quarter. Princeton Global Asset Management LLC now owns 6,349 shares of the CRM provider’s stock worth $2,123,000 after purchasing an additional 6,093 shares in the last quarter. Finally, Oregon Pacific Wealth Management LLC acquired a new position in shares of Salesforce during the 4th quarter worth approximately $375,000. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Salesforce Trading Down 0.5 %

NYSE CRM opened at $341.80 on Monday. Salesforce, Inc. has a 12 month low of $212.00 and a 12 month high of $369.00. The company has a market capitalization of $327.10 billion, a price-to-earnings ratio of 56.22, a price-to-earnings-growth ratio of 3.09 and a beta of 1.31. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11. The firm’s fifty day moving average price is $338.67 and its 200 day moving average price is $297.99.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.03). Salesforce had a return on equity of 12.34% and a net margin of 15.96%. The firm had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $9.35 billion. During the same quarter in the prior year, the business earned $1.62 EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, sell-side analysts expect that Salesforce, Inc. will post 7.48 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, December 18th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.47%. The ex-dividend date was Wednesday, December 18th. Salesforce’s dividend payout ratio is presently 26.32%.

Insider Activity at Salesforce

In other Salesforce news, insider Miguel Milano sold 719 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $342.81, for a total transaction of $246,480.39. Following the sale, the insider now directly owns 4,659 shares in the company, valued at approximately $1,597,151.79. The trade was a 13.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Parker Harris sold 3,970 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $296.74, for a total transaction of $1,178,057.80. Following the transaction, the insider now directly owns 119,402 shares in the company, valued at approximately $35,431,349.48. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,108,669 shares of company stock worth $383,286,905 in the last three months. Insiders own 3.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wells Fargo & Company boosted their price objective on Salesforce from $275.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 12th. Citigroup increased their price target on shares of Salesforce from $368.00 to $390.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. UBS Group upped their price objective on Salesforce from $275.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Robert W. Baird upped their price target on Salesforce from $340.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Finally, Bank of America raised their price objective on Salesforce from $390.00 to $440.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat.com, Salesforce has a consensus rating of “Moderate Buy” and an average price target of $377.63.

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.