Bradley Foster & Sargent Inc. CT Sells 1,431 Shares of Salesforce, Inc. (NYSE:CRM)

Bradley Foster & Sargent Inc. CT lessened its position in shares of Salesforce, Inc. (NYSE:CRM) by 2.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,832 shares of the CRM provider’s stock after selling 1,431 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Salesforce were worth $17,998,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CRM. Elevated Capital Advisors LLC purchased a new position in shares of Salesforce in the 3rd quarter worth $523,000. U.S. Capital Wealth Advisors LLC raised its position in Salesforce by 74.4% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 12,424 shares of the CRM provider’s stock valued at $3,401,000 after purchasing an additional 5,299 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Salesforce by 23,664.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,002,848 shares of the CRM provider’s stock valued at $274,490,000 after purchasing an additional 998,628 shares during the last quarter. YHB Investment Advisors Inc. boosted its holdings in shares of Salesforce by 4.4% in the 3rd quarter. YHB Investment Advisors Inc. now owns 19,233 shares of the CRM provider’s stock worth $5,264,000 after purchasing an additional 811 shares during the period. Finally, Great Lakes Retirement Inc. raised its holdings in Salesforce by 3.4% during the 3rd quarter. Great Lakes Retirement Inc. now owns 9,526 shares of the CRM provider’s stock valued at $2,607,000 after buying an additional 312 shares during the period. Institutional investors own 80.43% of the company’s stock.

Insider Transactions at Salesforce

In related news, CAO Sundeep G. Reddy sold 436 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $332.28, for a total transaction of $144,874.08. Following the completion of the sale, the chief accounting officer now directly owns 7,057 shares of the company’s stock, valued at $2,344,899.96. This trade represents a 5.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Miguel Milano sold 719 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $342.81, for a total transaction of $246,480.39. Following the transaction, the insider now owns 4,659 shares of the company’s stock, valued at approximately $1,597,151.79. The trade was a 13.37 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,102,833 shares of company stock valued at $381,389,136. Corporate insiders own 3.20% of the company’s stock.

Salesforce Trading Down 1.8 %

NYSE CRM opened at $318.76 on Friday. The firm has a 50 day simple moving average of $334.23 and a 200-day simple moving average of $304.76. The firm has a market cap of $305.06 billion, a price-to-earnings ratio of 52.43, a PEG ratio of 2.63 and a beta of 1.31. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 1.11. Salesforce, Inc. has a one year low of $212.00 and a one year high of $369.00.

Salesforce (NYSE:CRM) last released 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). The company had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.35 billion. Salesforce had a return on equity of 12.34% and a net margin of 15.96%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.62 earnings per share. Equities research analysts anticipate that Salesforce, Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th were issued a $0.40 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.50%. Salesforce’s payout ratio is currently 26.32%.

Analysts Set New Price Targets

A number of research analysts have weighed in on CRM shares. DA Davidson boosted their price objective on shares of Salesforce from $250.00 to $300.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Wells Fargo & Company upped their target price on Salesforce from $275.00 to $330.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 12th. 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 note on Wednesday, December 4th. Scotiabank boosted their target price on shares of Salesforce from $425.00 to $440.00 and gave the company a “sector outperform” rating in a research note on Wednesday, December 4th. Finally, Barclays raised their price target on shares of Salesforce from $415.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-two have given a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $376.84.

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.