Campbell Wealth Management Invests $258,000 in Salesforce, Inc. (NYSE:CRM)

Campbell Wealth Management purchased a new position in Salesforce, Inc. (NYSE:CRM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 771 shares of the CRM provider's stock, valued at approximately $258,000.

A number of other hedge funds also recently bought and sold shares of CRM. Infrastructure Capital Advisors LLC bought a new position in shares of Salesforce during the third quarter valued at $27,000. Arlington Trust Co LLC lifted its stake in Salesforce by 85.1% during the 4th quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider's stock valued at $29,000 after acquiring an additional 40 shares during the period. Compass Financial Services Inc bought a new stake in shares of Salesforce in the fourth quarter worth approximately $30,000. Asset Planning Inc bought a new position in Salesforce during the fourth quarter valued at approximately $31,000. Finally, Collier Financial purchased a new stake in Salesforce in the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 80.43% of the company's stock.

Salesforce Trading Down 1.3 %

Shares of Salesforce stock traded down $4.36 on Monday, reaching $325.49. The company had a trading volume of 5,875,181 shares, compared to its average volume of 6,522,191. The firm's 50-day moving average price is $336.56 and its two-hundred day moving average price is $303.42. Salesforce, Inc. has a 1 year low of $212.00 and a 1 year high of $369.00. The firm has a market cap of $311.49 billion, a price-to-earnings ratio of 53.53, a P/E/G ratio of 2.66 and a beta of 1.31. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings data on Tuesday, December 3rd. The CRM provider reported $2.41 earnings per share 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 the consensus estimate of $9.35 billion. Salesforce had a net margin of 15.96% and a return on equity of 12.34%. The company's revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.62 EPS. As a group, research analysts predict that Salesforce, Inc. will post 7.48 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, December 18th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, December 18th. This represents a $1.60 annualized dividend and a dividend yield of 0.49%. Salesforce's dividend payout ratio (DPR) is presently 26.32%.

Insider Activity

In other Salesforce news, CEO Marc Benioff sold 317,105 shares of the company's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $346.78, for a total value of $109,965,671.90. Following the transaction, the chief executive officer now owns 12,162,457 shares of the company's stock, valued at $4,217,696,838.46. This represents a 2.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Amy E. Weaver sold 6,221 shares of Salesforce stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $335.94, for a total value of $2,089,882.74. Following the sale, the chief financial officer now owns 46,750 shares of the company's stock, valued at approximately $15,705,195. This trade represents a 11.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,111,420 shares of company stock valued at $384,366,700. 3.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CRM has been the subject of a number of research reports. Loop Capital boosted their target price on shares of Salesforce from $340.00 to $360.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th. Wedbush reissued an "outperform" rating and issued a $425.00 target price on shares of Salesforce in a report on Wednesday, December 18th. Erste Group Bank raised shares of Salesforce from a "hold" rating to a "buy" rating in a research report on Tuesday, November 19th. Bank of America raised their price objective on shares of Salesforce from $390.00 to $440.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Finally, The Goldman Sachs Group upped their target price on shares of Salesforce from $360.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have issued a buy rating and four have given a strong buy rating to the company. According to MarketBeat, Salesforce has an average rating of "Moderate Buy" and an average target price of $377.63.

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.