One Wealth Capital Management LLC Buys Shares of 754 Salesforce, Inc. (NYSE:CRM)

One Wealth Capital Management LLC purchased a new position in shares of Salesforce, Inc. (NYSE:CRM) in the 4th quarter, Holdings Channel.com reports. The firm purchased 754 shares of the CRM provider’s stock, valued at approximately $252,000.

Several other hedge funds have also recently modified their holdings of CRM. Westwind Capital purchased a new position in Salesforce during the 4th quarter worth $13,645,000. Norway Savings Bank raised its holdings in Salesforce by 3.2% during the fourth quarter. Norway Savings Bank now owns 9,615 shares of the CRM provider’s stock worth $3,215,000 after purchasing an additional 297 shares in the last quarter. Spartan Planning & Wealth Management acquired a new stake in Salesforce in the fourth quarter valued at about $603,000. Regent Peak Wealth Advisors LLC boosted its holdings in Salesforce by 3.6% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 2,447 shares of the CRM provider’s stock valued at $818,000 after purchasing an additional 84 shares in the last quarter. Finally, Diversified Trust Co boosted its holdings in Salesforce by 30.4% in the 4th quarter. Diversified Trust Co now owns 15,899 shares of the CRM provider’s stock valued at $5,316,000 after purchasing an additional 3,706 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Salesforce

In related news, insider Miguel Milano sold 719 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $342.81, for a total transaction of $246,480.39. Following the sale, the insider now directly owns 4,659 shares in the company, valued at approximately $1,597,151.79. This trade represents a 13.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Parker Harris sold 4,200 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $289.87, for a total value of $1,217,454.00. Following the transaction, the insider now directly owns 118,514 shares in the company, valued at $34,353,653.18. This trade represents a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,181,817 shares of company stock valued at $404,760,429 over the last ninety days. Corporate insiders own 3.20% of the company’s stock.

Salesforce Trading Down 2.0 %

Shares of CRM traded down $6.69 during mid-day trading on Tuesday, reaching $323.84. The company had a trading volume of 3,423,216 shares, compared to its average volume of 4,443,352. Salesforce, Inc. has a fifty-two week low of $212.00 and a fifty-two week high of $369.00. The firm has a fifty day simple moving average of $333.53 and a 200-day simple moving average of $287.43. The stock has a market cap of $309.91 billion, a price-to-earnings ratio of 53.26, a price-to-earnings-growth ratio of 3.21 and a beta of 1.30. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM) last posted its quarterly earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.03). The firm had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $9.35 billion. Salesforce had a net margin of 15.96% and a return on equity of 12.34%. Salesforce’s revenue was up 8.3% on a year-over-year basis. During the same period last year, the firm posted $1.62 EPS. On average, sell-side analysts anticipate that Salesforce, Inc. will post 7.48 EPS for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 18th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $1.60 annualized dividend and a yield of 0.49%. Salesforce’s payout ratio is 26.32%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CRM shares. Northland Securities reissued an “outperform” rating and issued a $440.00 price target (up from $400.00) on shares of Salesforce in a report on Wednesday, December 4th. BMO Capital Markets boosted their target price on shares of Salesforce from $385.00 to $425.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. JMP Securities reaffirmed a “market outperform” rating and set a $450.00 price target on shares of Salesforce in a research note on Wednesday, December 18th. Jefferies Financial Group raised their price objective on shares of Salesforce from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, Robert W. Baird upped their target price on shares of Salesforce from $340.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $375.39.

Salesforce 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.