Salesforce, Inc. (NYSE:CRM) Shares Bought by Winthrop Advisory Group LLC

Winthrop Advisory Group LLC lifted its holdings in Salesforce, Inc. (NYSE:CRM) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,950 shares of the CRM provider’s stock after purchasing an additional 51 shares during the period. Winthrop Advisory Group LLC’s holdings in Salesforce were worth $652,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Crescent Sterling Ltd. boosted its stake in shares of Salesforce by 86.8% during the 4th quarter. Crescent Sterling Ltd. now owns 1,719 shares of the CRM provider’s stock worth $575,000 after acquiring an additional 799 shares in the last quarter. Aprio Wealth Management LLC lifted its holdings in shares of Salesforce by 35.7% during the fourth quarter. Aprio Wealth Management LLC now owns 3,945 shares of the CRM provider’s stock valued at $1,319,000 after purchasing an additional 1,038 shares during the last quarter. Czech National Bank lifted its holdings in shares of Salesforce by 5.0% during the fourth quarter. Czech National Bank now owns 207,280 shares of the CRM provider’s stock valued at $69,300,000 after purchasing an additional 9,885 shares during the last quarter. Graypoint LLC lifted its holdings in shares of Salesforce by 4.2% during the fourth quarter. Graypoint LLC now owns 8,370 shares of the CRM provider’s stock valued at $2,798,000 after purchasing an additional 336 shares during the last quarter. Finally, RMR Wealth Builders lifted its holdings in shares of Salesforce by 5.7% during the fourth quarter. RMR Wealth Builders now owns 8,210 shares of the CRM provider’s stock valued at $2,745,000 after purchasing an additional 440 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Scotiabank upped their target price on Salesforce from $425.00 to $440.00 and gave the company a “sector outperform” rating in a report on Wednesday, December 4th. TD Cowen upped their target price on Salesforce from $290.00 to $340.00 and gave the company a “hold” rating in a report on Thursday, November 21st. Northland Securities reissued an “outperform” rating and set a $440.00 price target (up from $400.00) on shares of Salesforce in a research report on Wednesday, December 4th. Northland Capmk raised Salesforce from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Wedbush reissued an “outperform” rating and set a $425.00 price target on shares of Salesforce in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, Salesforce presently has a consensus rating of “Moderate Buy” and a consensus price target of $376.05.

Insider Transactions at Salesforce

In other Salesforce news, CFO Amy E. Weaver sold 897 shares of Salesforce stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $285.29, for a total transaction of $255,905.13. Following the transaction, the chief financial officer now directly owns 52,930 shares in the company, valued at approximately $15,100,399.70. The trade was a 1.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider R David Schmaier sold 1,785 shares of Salesforce stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $344.00, for a total value of $614,040.00. Following the transaction, the insider now owns 19,116 shares in the company, valued at approximately $6,575,904. This represents a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,181,817 shares of company stock worth $404,760,429 in the last three months. Insiders own 3.20% of the company’s stock.

Salesforce Price Performance

Shares of Salesforce stock traded down $0.66 during midday trading on Monday, hitting $317.19. 780,203 shares of the company were exchanged, compared to its average volume of 4,306,906. The firm has a 50 day simple moving average of $335.82 and a 200-day simple moving average of $289.73. The firm has a market cap of $303.55 billion, a P/E ratio of 52.17, a PEG ratio of 3.21 and a beta of 1.30. Salesforce, Inc. has a 52 week low of $212.00 and a 52 week high of $369.00. 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 (NYSE:CRM) last released its earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.03). The firm had revenue of $9.44 billion during the quarter, compared to analyst estimates of $9.35 billion. Salesforce had a net margin of 15.96% and a return on equity of 12.34%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the business posted $1.62 earnings per share. Research analysts forecast that Salesforce, Inc. will post 7.48 earnings per share for the current year.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th were given a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $1.60 annualized dividend and a dividend yield of 0.50%. Salesforce’s dividend payout ratio is currently 26.32%.

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.