One Wealth Advisors LLC Buys 56 Shares of Salesforce, Inc. (NYSE:CRM)

One Wealth Advisors LLC boosted its position in Salesforce, Inc. (NYSE:CRM) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,786 shares of the CRM provider’s stock after purchasing an additional 56 shares during the quarter. One Wealth Advisors LLC’s holdings in Salesforce were worth $597,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Muirfield Wealth Advisors LLC grew its holdings in Salesforce by 2.3% in the fourth quarter. Muirfield Wealth Advisors LLC now owns 1,457 shares of the CRM provider’s stock worth $487,000 after purchasing an additional 33 shares during the last quarter. Lazari Capital Management Inc. increased its holdings in shares of Salesforce by 1.2% during the fourth quarter. Lazari Capital Management Inc. now owns 5,506 shares of the CRM provider’s stock valued at $1,841,000 after acquiring an additional 63 shares in the last quarter. Resonant Capital Advisors LLC increased its stake in Salesforce by 10.5% during the 4th quarter. Resonant Capital Advisors LLC now owns 7,959 shares of the CRM provider’s stock valued at $2,664,000 after purchasing an additional 758 shares in the last quarter. Catalina Capital Group LLC grew its holdings in shares of Salesforce by 7.2% during the fourth quarter. Catalina Capital Group LLC now owns 3,262 shares of the CRM provider’s stock valued at $1,091,000 after buying an additional 220 shares during the last quarter. Finally, Princeton Global Asset Management LLC lifted its position in Salesforce by 2,380.1% during the 4th quarter. Princeton Global Asset Management LLC now owns 6,349 shares of the CRM provider’s stock worth $2,123,000 after acquiring an additional 6,093 shares during the period. 80.43% of the stock is currently owned by institutional investors.

Salesforce Stock Performance

Shares of Salesforce stock opened at $341.80 on Monday. 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 company has a market cap of $327.10 billion, a PE ratio of 56.22, a price-to-earnings-growth ratio of 3.09 and a beta of 1.31. Salesforce, Inc. has a 1-year low of $212.00 and a 1-year high of $369.00. The company has a 50 day moving average of $338.67 and a 200-day moving average of $297.99.

Salesforce (NYSE:CRM) last posted its quarterly earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.03). Salesforce had a return on equity of 12.34% and a net margin of 15.96%. The company had revenue of $9.44 billion during the quarter, compared to analyst estimates of $9.35 billion. During the same quarter in the previous year, the business posted $1.62 earnings per share. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, equities research analysts forecast that Salesforce, Inc. will post 7.48 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, December 18th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Wednesday, December 18th. Salesforce’s payout ratio is 26.32%.

Wall Street Analyst Weigh In

CRM has been the subject of several research analyst reports. Royal Bank of Canada raised their price objective on Salesforce from $300.00 to $420.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. BMO Capital Markets lifted their price objective on shares of Salesforce from $385.00 to $425.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. raised their target price on shares of Salesforce from $340.00 to $380.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Bank of America boosted their target price on shares of Salesforce from $390.00 to $440.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Finally, Truist Financial reiterated a “buy” rating and set a $400.00 price objective (up previously from $380.00) on shares of Salesforce in a research note on Wednesday, December 4th. One research 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 issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $377.63.

Insider Transactions at Salesforce

In related news, insider Parker Harris sold 3,970 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $296.74, for a total value of $1,178,057.80. Following the sale, the insider now directly owns 119,402 shares of the company’s stock, valued at $35,431,349.48. This trade represents a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Brian Millham sold 708 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $332.28, for a total transaction of $235,254.24. Following the completion of the sale, the chief operating officer now owns 1,239 shares of the company’s stock, valued at $411,694.92. This trade represents a 36.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,108,669 shares of company stock valued at $383,286,905 in the last quarter. Insiders own 3.20% of the company’s stock.

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.