FSB Premier Wealth Management Inc. Has $395,000 Position in Salesforce, Inc. (NYSE:CRM)

FSB Premier Wealth Management Inc. grew its position in Salesforce, Inc. (NYSE:CRM) by 27.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,180 shares of the CRM provider’s stock after purchasing an additional 251 shares during the period. FSB Premier Wealth Management Inc.’s holdings in Salesforce were worth $395,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in CRM. O Shaughnessy Asset Management LLC grew its stake in Salesforce by 13.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 116,680 shares of the CRM provider’s stock worth $39,010,000 after buying an additional 13,827 shares during the last quarter. Clearbridge Investments LLC increased its holdings in Salesforce by 0.3% during the 4th quarter. Clearbridge Investments LLC now owns 3,490,948 shares of the CRM provider’s stock valued at $1,167,129,000 after purchasing an additional 10,084 shares in the last quarter. Bcwm LLC bought a new position in Salesforce in the 4th quarter valued at $10,936,000. United Bank boosted its stake in Salesforce by 13.2% in the fourth quarter. United Bank now owns 8,268 shares of the CRM provider’s stock worth $2,764,000 after purchasing an additional 965 shares in the last quarter. Finally, Physician Wealth Advisors Inc. bought a new stake in shares of Salesforce during the fourth quarter worth $141,000. Institutional investors own 80.43% of the company’s stock.

Salesforce Trading Down 0.7 %

Salesforce stock opened at $268.05 on Tuesday. The company has a market cap of $257.60 billion, a price-to-earnings ratio of 44.09, a P/E/G ratio of 2.58 and a beta of 1.35. The firm has a 50-day moving average of $308.26 and a 200-day moving average of $311.67. 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, Inc. has a one year low of $212.00 and a one year high of $369.00.

Salesforce Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 0.63%. This is an increase from Salesforce’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 10th. Salesforce’s dividend payout ratio (DPR) is currently 26.10%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. JMP Securities reiterated a “market outperform” rating and set a $450.00 price target on shares of Salesforce in a research report on Wednesday, December 18th. Stephens started coverage on shares of Salesforce in a research note on Wednesday, March 19th. They set an “equal weight” rating and a $311.00 price target on the stock. Wedbush reissued an “outperform” rating and issued a $425.00 price target on shares of Salesforce in a report on Wednesday, December 18th. Bank of America decreased their price objective on Salesforce from $440.00 to $400.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Finally, Royal Bank of Canada boosted their target price on Salesforce from $300.00 to $420.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-one have given a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $361.42.

Insiders Place Their Bets

In other news, insider R David Schmaier sold 1,785 shares of Salesforce stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $288.34, for a total value of $514,686.90. Following the completion of the transaction, the insider now owns 29,190 shares of the company’s stock, valued at $8,416,644.60. This trade represents a 5.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Sundeep G. Reddy sold 436 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were 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 in the company, valued at approximately $2,344,899.96. The trade was a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 45,660 shares of company stock valued at $14,095,336 in the last 90 days. 3.20% of the stock is currently owned by insiders.

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.