Fulton Breakefield Broenniman LLC Purchases 177 Shares of Salesforce, Inc. (NYSE:CRM)

Fulton Breakefield Broenniman LLC grew its holdings in shares of Salesforce, Inc. (NYSE:CRM) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,747 shares of the CRM provider’s stock after acquiring an additional 177 shares during the period. Salesforce accounts for approximately 1.3% of Fulton Breakefield Broenniman LLC’s investment portfolio, making the stock its 28th biggest holding. Fulton Breakefield Broenniman LLC’s holdings in Salesforce were worth $16,511,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Bear Mountain Capital Inc. acquired a new stake in Salesforce during the 4th quarter worth about $26,000. Kathleen S. Wright Associates Inc. acquired a new stake in Salesforce during the 4th quarter worth about $31,000. BKM Wealth Management LLC acquired a new stake in Salesforce during the 4th quarter worth about $34,000. Pacifica Partners Inc. grew its holdings in Salesforce by 333.3% during the 4th quarter. Pacifica Partners Inc. now owns 130 shares of the CRM provider’s stock worth $33,000 after acquiring an additional 100 shares during the period. 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 worth $37,000 after acquiring an additional 125 shares during the period. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Brian Millham sold 4,204 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $278.00, for a total transaction of $1,168,712.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Marc Benioff sold 15,000 shares of Salesforce stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $276.65, for a total transaction of $4,149,750.00. Following the completion of the sale, the chief executive officer now directly owns 12,782,327 shares of the company’s stock, valued at approximately $3,536,230,764.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Brian Millham sold 4,204 shares of Salesforce stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $278.00, for a total transaction of $1,168,712.00. The disclosure for this sale can be found here. Insiders sold 620,793 shares of company stock worth $182,177,918 in the last three months. Corporate insiders own 3.70% of the company’s stock.

Salesforce Stock Up 0.4 %

Salesforce stock opened at $274.29 on Friday. Salesforce, Inc. has a 1-year low of $190.76 and a 1-year high of $318.71. The firm has a market capitalization of $266.06 billion, a price-to-earnings ratio of 65.31, a P/E/G ratio of 2.11 and a beta of 1.28. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.14. The firm has a 50 day simple moving average of $295.97 and a 200 day simple moving average of $264.30.

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

Salesforce Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CRM shares. Truist Financial reiterated a “buy” rating and set a $360.00 price target (up from $275.00) on shares of Salesforce in a report on Thursday, February 29th. Wedbush increased their price objective on shares of Salesforce from $280.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Robert W. Baird increased their price objective on shares of Salesforce from $310.00 to $355.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Wolfe Research reissued an “outperform” rating and set a $365.00 price objective on shares of Salesforce in a research report on Tuesday, April 16th. Finally, Evercore ISI increased their price objective on shares of Salesforce from $290.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Nine research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock 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.