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

U.S. Capital Wealth Advisors LLC decreased its stake in Salesforce, Inc. (NYSE:CRM) by 15.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,117 shares of the CRM provider’s stock after selling 1,309 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Salesforce were worth $1,873,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Bear Mountain Capital Inc. acquired a new position in shares of Salesforce in the 4th quarter worth approximately $26,000. Kathleen S. Wright Associates Inc. bought a new position in Salesforce during the fourth quarter worth $31,000. Pacifica Partners Inc. lifted its holdings in Salesforce by 333.3% in the fourth quarter. Pacifica Partners Inc. now owns 130 shares of the CRM provider’s stock valued at $33,000 after buying an additional 100 shares during the period. BKM Wealth Management LLC bought a new stake in Salesforce during the fourth quarter valued at $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 worth $37,000 after acquiring an additional 125 shares during the period. 80.43% of the stock is currently owned by institutional investors.

Salesforce Price Performance

NYSE:CRM traded up $1.53 during mid-day trading on Friday, hitting $273.66. 4,041,636 shares of the stock traded hands, compared to its average volume of 5,219,539. Salesforce, Inc. has a 12-month low of $190.76 and a 12-month high of $318.71. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.14. The company has a market cap of $264.90 billion, a PE ratio of 65.16, a price-to-earnings-growth ratio of 2.10 and a beta of 1.30. The business’s 50-day moving average price is $294.23 and its 200 day moving average price is $266.17.

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

Salesforce Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently commented on CRM shares. TheStreet upgraded Salesforce from a “c+” rating to a “b-” rating in a research report on Friday, January 19th. Wells Fargo & Company raised their price objective on shares of Salesforce from $280.00 to $290.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 21st. JMP Securities reiterated a “market outperform” rating and set a $342.00 target price on shares of Salesforce in a research report on Monday, April 15th. KeyCorp began coverage on shares of Salesforce in a report on Thursday, March 21st. They issued a “sector weight” rating for the company. Finally, Argus lifted their price target on shares of Salesforce from $290.00 to $354.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Nine investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $310.61.

Insider Activity at Salesforce

In other news, CEO Marc Benioff sold 15,000 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $315.54, for a total value of $4,733,100.00. Following the completion of the transaction, the chief executive officer now directly owns 13,311,166 shares in the company, valued at approximately $4,200,205,319.64. 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 the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $315.54, for a total value of $4,733,100.00. Following the completion of the sale, the chief executive officer now directly owns 13,311,166 shares in the company, valued at approximately $4,200,205,319.64. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Srinivas Tallapragada sold 2,890 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $309.32, for a total transaction of $893,934.80. Following the transaction, the insider now directly owns 60,416 shares in the company, valued at approximately $18,687,877.12. The disclosure for this sale can be found here. Insiders have sold a total of 629,993 shares of company stock valued at $184,255,474 over the last 90 days. 3.70% of the stock is owned by insiders.

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.