Werba Rubin Papier Wealth Management Trims Stake in Salesforce, Inc. (NYSE:CRM)

Werba Rubin Papier Wealth Management lessened its position in shares of Salesforce, Inc. (NYSE:CRM - Free Report) by 20.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,559 shares of the CRM provider's stock after selling 1,922 shares during the period. Werba Rubin Papier Wealth Management's holdings in Salesforce were worth $2,527,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CRM. Arlington Trust Co LLC raised its stake in Salesforce by 85.1% in the fourth quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider's stock valued at $29,000 after purchasing an additional 40 shares in the last quarter. Compass Financial Services Inc purchased a new stake in shares of Salesforce during the 4th quarter valued at $30,000. Asset Planning Inc bought a new stake in shares of Salesforce during the 4th quarter worth $31,000. Collier Financial purchased a new position in Salesforce in the fourth quarter worth $32,000. Finally, Infrastructure Capital Advisors LLC purchased a new stake in Salesforce during the third quarter valued at about $27,000. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Salesforce Price Performance

Salesforce stock traded down $8.89 during mid-day trading on Friday, hitting $309.54. The stock had a trading volume of 7,341,387 shares, compared to its average volume of 6,249,096. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14. The firm's 50 day moving average is $333.34 and its 200 day moving average is $305.25. The firm has a market capitalization of $296.23 billion, a P/E ratio of 50.91, a P/E/G ratio of 2.63 and a beta of 1.31. Salesforce, Inc. has a one year low of $212.00 and a one year high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last released its earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.03). Salesforce had a return on equity of 12.34% and a net margin of 15.96%. The business had revenue of $9.44 billion for the quarter, compared to analysts' expectations of $9.35 billion. During the same quarter in the prior year, the business posted $1.62 EPS. The business's revenue for the quarter was up 8.3% compared to the same quarter last year. On average, sell-side analysts forecast that Salesforce, Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Wednesday, December 18th. Salesforce's dividend payout ratio (DPR) is presently 26.32%.

Insider Buying and Selling

In other news, CFO Amy E. Weaver sold 6,221 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $328.18, for a total transaction of $2,041,607.78. Following the completion of the transaction, the chief financial officer now directly owns 46,750 shares in the company, valued at approximately $15,342,415. This represents a 11.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director G Mason Morfit sold 722,300 shares of the business's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $346.11, for a total transaction of $249,995,253.00. Following the completion of the sale, the director now owns 3,192,009 shares in the company, valued at $1,104,786,234.99. This represents a 18.45 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,102,833 shares of company stock worth $381,389,136. 3.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group upped their price objective on Salesforce from $400.00 to $425.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Bank of America lifted their price target on shares of Salesforce from $390.00 to $440.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. The Goldman Sachs Group upped their price objective on shares of Salesforce from $360.00 to $400.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Wells Fargo & Company lifted their target price on shares of Salesforce from $275.00 to $330.00 and gave the stock an "equal weight" rating in a research report on Tuesday, November 12th. Finally, Barclays lifted their price objective on Salesforce from $415.00 to $425.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. One investment 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $375.53.

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.