Three Seasons Wealth LLC Takes Position in Salesforce, Inc. (NYSE:CRM)

Three Seasons Wealth LLC acquired a new position in shares of Salesforce, Inc. (NYSE:CRM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,621 shares of the CRM provider’s stock, valued at approximately $877,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CRM. Bernard Wealth Management Corp. acquired a new position in shares of Salesforce in the fourth quarter valued at approximately $25,000. Arlington Trust Co LLC increased its position in Salesforce by 85.1% in 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 acquired a new position in Salesforce in the 4th quarter valued at approximately $30,000. Asset Planning Inc bought a new position in shares of Salesforce during the fourth quarter valued at $31,000. Finally, Collier Financial acquired a new position in shares of Salesforce during the fourth quarter worth $32,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Stock Up 5.5 %

Salesforce stock opened at $264.29 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market cap of $253.98 billion, a PE ratio of 43.47, a price-to-earnings-growth ratio of 2.58 and a beta of 1.38. Salesforce, Inc. has a fifty-two week low of $212.00 and a fifty-two week high of $369.00. The firm’s 50-day simple moving average is $274.96 and its 200 day simple moving average is $308.44.

Salesforce Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 10th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend was Thursday, April 10th. This is an increase from Salesforce’s previous quarterly dividend of $0.40. Salesforce’s dividend payout ratio (DPR) is 26.10%.

Insider Buying and Selling at Salesforce

In other news, insider Miguel Milano sold 458 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $307.97, for a total value of $141,050.26. Following the transaction, the insider now owns 5,864 shares of the company’s stock, valued at approximately $1,805,936.08. This represents a 7.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Amy E. Weaver sold 6,221 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 46,750 shares in the company, valued at $15,705,195. This represents a 11.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,051 shares of company stock worth $15,027,714 over the last three months. 3.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CRM. BMO Capital Markets restated an “outperform” rating on shares of Salesforce in a report on Wednesday, March 19th. Bank of America decreased their price target on Salesforce from $440.00 to $400.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Oppenheimer cut their price objective on Salesforce from $415.00 to $380.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Guggenheim raised shares of Salesforce from a “sell” rating to a “neutral” rating in a research report on Monday. Finally, Redburn Atlantic started coverage on shares of Salesforce in a research report on Wednesday, February 19th. They issued a “buy” rating on the stock. One 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 given a strong buy rating to the company. According to MarketBeat.com, Salesforce has a consensus rating of “Moderate Buy” and an average target price of $351.37.

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.