Strategies Wealth Advisors LLC Buys New Holdings in Salesforce, Inc. (NYSE:CRM)

Strategies Wealth Advisors LLC bought a new position in shares of Salesforce, Inc. (NYSE:CRM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,469 shares of the CRM provider's stock, valued at approximately $806,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bernard Wealth Management Corp. acquired a new stake in Salesforce during the 4th quarter worth approximately $25,000. Arlington Trust Co LLC lifted its holdings in shares of Salesforce by 85.1% during the fourth quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider's stock worth $29,000 after buying an additional 40 shares in the last quarter. Compass Financial Services Inc bought a new stake in shares of Salesforce in the fourth quarter valued at about $30,000. Asset Planning Inc bought a new stake in shares of Salesforce in the fourth quarter valued at about $31,000. Finally, Collier Financial acquired a new position in shares of Salesforce in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 80.43% of the company's stock.

Insider Activity

In related news, CFO Amy E. Weaver sold 6,221 shares of Salesforce stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $329.88, for a total transaction of $2,052,183.48. Following the completion of the sale, the chief financial officer now owns 45,861 shares of the company's stock, valued at approximately $15,128,626.68. This trade represents a 11.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Parker Harris sold 652 shares of the company's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $332.28, for a total value of $216,646.56. Following the completion of the transaction, the insider now owns 121,467 shares in the company, valued at $40,361,054.76. This represents a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 45,660 shares of company stock worth $14,095,336 in the last three months. Company insiders own 3.20% of the company's stock.

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Salesforce Trading Down 0.4 %

CRM traded down $0.96 during trading on Monday, hitting $254.04. The company's stock had a trading volume of 6,037,638 shares, compared to its average volume of 6,820,883. The firm has a market capitalization of $244.13 billion, a P/E ratio of 41.78, a PEG ratio of 2.58 and a beta of 1.38. Salesforce, Inc. has a twelve month low of $212.00 and a twelve month high of $369.00. The stock's fifty day moving average price is $287.42 and its 200-day moving average price is $310.55. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.14.

Salesforce Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.68 annualized dividend and a dividend yield of 0.66%. This is a positive change from Salesforce's previous quarterly dividend of $0.40. Salesforce's dividend payout ratio is currently 26.10%.

Wall Street Analysts Forecast Growth

CRM has been the subject of a number of recent research reports. BMO Capital Markets reissued an "outperform" rating on shares of Salesforce in a report on Wednesday, March 19th. DA Davidson cut their price target on Salesforce from $275.00 to $250.00 and set a "neutral" rating for the company in a research note on Monday. Citigroup restated a "buy" rating on shares of Salesforce in a research note on Wednesday, March 19th. Redburn Atlantic initiated coverage on Salesforce in a research report on Wednesday, February 19th. They set a "buy" rating for the company. Finally, Macquarie reissued a "neutral" rating and set a $320.00 target price on shares of Salesforce in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-one have assigned a buy rating and five have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Salesforce presently has an average rating of "Moderate Buy" and a consensus price target of $360.76.

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.