U.S. Capital Wealth Advisors LLC Sells 1,309 Shares of Salesforce, Inc. (NYSE:CRM)

U.S. Capital Wealth Advisors LLC lowered its position in Salesforce, Inc. (NYSE:CRM) by 15.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,117 shares of the CRM provider’s stock after selling 1,309 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Salesforce were worth $1,873,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of CRM. Bear Mountain Capital Inc. bought a new position in shares of Salesforce in the fourth quarter worth about $26,000. Kathleen S. Wright Associates Inc. purchased a new position in Salesforce in the 4th quarter worth approximately $31,000. Pacifica Partners Inc. boosted its stake in Salesforce by 333.3% in the 4th quarter. Pacifica Partners Inc. now owns 130 shares of the CRM provider’s stock worth $33,000 after purchasing an additional 100 shares during the period. BKM Wealth Management LLC purchased a new stake in Salesforce during the 4th quarter valued at approximately $34,000. Finally, AlphaMark Advisors LLC grew its holdings in Salesforce by 892.9% during the 4th quarter. AlphaMark Advisors LLC now owns 139 shares of the CRM provider’s stock valued at $37,000 after buying an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insider Buying and Selling at Salesforce

In other Salesforce news, CEO Marc Benioff sold 15,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $315.54, for a total transaction of $4,733,100.00. Following the completion of the sale, the chief executive officer now directly owns 13,311,166 shares of the company’s stock, valued at $4,200,205,319.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Marc Benioff sold 15,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $315.54, for a total transaction of $4,733,100.00. Following the transaction, the chief executive officer now directly owns 13,311,166 shares of the company’s stock, valued at $4,200,205,319.64. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Srinivas Tallapragada sold 10,000 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $285.20, for a total value of $2,852,000.00. Following the completion of the sale, the insider now directly owns 60,416 shares of the company’s stock, valued at approximately $17,230,643.20. The disclosure for this sale can be found here. Insiders have sold 629,993 shares of company stock worth $184,255,474 over the last quarter. Insiders own 3.70% of the company’s stock.

Salesforce Trading Up 0.6 %

Shares of NYSE:CRM traded up $1.53 during trading on Friday, reaching $273.66. 4,041,636 shares of the company were exchanged, compared to its average volume of 5,219,539. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $264.90 billion, a PE ratio of 65.16, a P/E/G ratio of 2.10 and a beta of 1.30. The business’s fifty day simple moving average is $294.23 and its 200-day simple moving average is $266.17. Salesforce, Inc. has a 12-month low of $190.76 and a 12-month high of $318.71.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, February 28th. The CRM provider reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. The firm had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.22 billion. Salesforce had a net margin of 11.87% and a return on equity of 10.42%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the firm earned $1.01 earnings per share. On average, research analysts anticipate that Salesforce, Inc. will post 7.45 EPS for the current year.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 14th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Wednesday, March 13th. Salesforce’s payout ratio is currently 9.52%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wolfe Research reissued an “outperform” rating and issued a $365.00 target price on shares of Salesforce in a report on Tuesday, April 16th. Wedbush increased their price objective on shares of Salesforce from $280.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Jefferies Financial Group lifted their target price on Salesforce from $350.00 to $360.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. BMO Capital Markets boosted their target price on Salesforce from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Finally, Stifel Nicolaus restated a “buy” rating and set a $350.00 price target on shares of Salesforce in a report on Wednesday, April 3rd. Nine investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $310.61.

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.