BSW Wealth Partners Grows Stock Holdings in Salesforce, Inc. (NYSE:CRM)

BSW Wealth Partners grew its stake in shares of Salesforce, Inc. (NYSE:CRM) by 8.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,001 shares of the CRM provider’s stock after purchasing an additional 321 shares during the quarter. BSW Wealth Partners’ holdings in Salesforce were worth $1,337,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Salesforce by 2.3% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 4,281 shares of the CRM provider’s stock valued at $1,431,000 after acquiring an additional 98 shares during the period. Aspire Capital Advisors LLC lifted its holdings in shares of Salesforce by 3.8% in the 4th quarter. Aspire Capital Advisors LLC now owns 1,815 shares of the CRM provider’s stock valued at $607,000 after buying an additional 66 shares during the period. Wealth Effects LLC grew its stake in shares of Salesforce by 7.5% during the 4th quarter. Wealth Effects LLC now owns 930 shares of the CRM provider’s stock worth $311,000 after purchasing an additional 65 shares during the period. Stonegate Investment Group LLC increased its holdings in Salesforce by 5.9% in the fourth quarter. Stonegate Investment Group LLC now owns 8,377 shares of the CRM provider’s stock valued at $2,801,000 after buying an additional 470 shares in the last quarter. Finally, Prospect Financial Services LLC purchased a new position in Salesforce in the 4th quarter valued at approximately $203,000. 80.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CRM has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on shares of Salesforce from $340.00 to $380.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Bank of America lifted their price target on Salesforce from $390.00 to $440.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Robert W. Baird increased their target price on Salesforce from $340.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. BMO Capital Markets lifted their price target on shares of Salesforce from $385.00 to $425.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company lifted their price objective on shares of Salesforce from $275.00 to $330.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $377.63.

Insider Transactions at Salesforce

In related news, insider Parker Harris sold 3,970 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $296.74, for a total transaction of $1,178,057.80. Following the transaction, the insider now owns 119,402 shares of the company’s stock, valued at approximately $35,431,349.48. The trade was a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Sundeep G. Reddy sold 500 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $290.23, for a total transaction of $145,115.00. Following the completion of the sale, the chief accounting officer now owns 6,506 shares of the company’s stock, valued at approximately $1,888,236.38. The trade was a 7.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,109,169 shares of company stock worth $383,432,020 in the last 90 days. 3.20% of the stock is owned by insiders.

Salesforce Stock Performance

CRM opened at $360.00 on Wednesday. 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 business has a 50 day moving average price of $337.23 and a two-hundred day moving average price of $295.28. Salesforce, Inc. has a 1-year low of $212.00 and a 1-year high of $369.00. The company has a market capitalization of $344.52 billion, a price-to-earnings ratio of 59.21, a price-to-earnings-growth ratio of 3.01 and a beta of 1.30.

Salesforce (NYSE:CRM) last announced 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). Salesforce had a return on equity of 12.34% and a net margin of 15.96%. The firm had revenue of $9.44 billion during the quarter, compared to analyst estimates of $9.35 billion. During the same quarter in the previous year, the business earned $1.62 earnings per share. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. Research analysts predict that Salesforce, Inc. will post 7.48 EPS for the current fiscal year.

Salesforce Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, December 18th were paid 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 0.44%. Salesforce’s payout ratio is 26.32%.

About Salesforce

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.