Winch Advisory Services LLC Purchases 163 Shares of Salesforce, Inc. (NYSE:CRM)

Winch Advisory Services LLC raised its position in Salesforce, Inc. (NYSE:CRM) by 1.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 12,970 shares of the CRM provider’s stock after acquiring an additional 163 shares during the quarter. Salesforce makes up approximately 1.1% of Winch Advisory Services LLC’s portfolio, making the stock its 19th biggest position. Winch Advisory Services LLC’s holdings in Salesforce were worth $4,336,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Primecap Management Co. CA grew its position in Salesforce by 64.6% during the 2nd quarter. Primecap Management Co. CA now owns 508,600 shares of the CRM provider’s stock worth $130,761,000 after purchasing an additional 199,700 shares during the last quarter. Axxcess Wealth Management LLC increased its position in shares of Salesforce by 44.0% in the 2nd quarter. Axxcess Wealth Management LLC now owns 20,091 shares of the CRM provider’s stock valued at $5,166,000 after acquiring an additional 6,137 shares during the period. Bradley Foster & Sargent Inc. CT raised its stake in Salesforce by 35.7% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 54,153 shares of the CRM provider’s stock worth $13,923,000 after acquiring an additional 14,239 shares during the last quarter. E Fund Management Co. Ltd. lifted its position in Salesforce by 3.6% during the 2nd quarter. E Fund Management Co. Ltd. now owns 15,838 shares of the CRM provider’s stock worth $4,072,000 after acquiring an additional 551 shares during the period. Finally, Meridian Wealth Partners LLC grew its stake in Salesforce by 5.2% during the 2nd quarter. Meridian Wealth Partners LLC now owns 830 shares of the CRM provider’s stock valued at $213,000 after purchasing an additional 41 shares during the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Salesforce Stock Down 0.8 %

Shares of NYSE CRM opened at $321.01 on Thursday. The company has a market capitalization of $307.21 billion, a P/E ratio of 52.80, a P/E/G ratio of 2.87 and a beta of 1.30. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11. The company has a 50 day simple moving average of $336.76 and a 200-day simple moving average of $290.66. Salesforce, Inc. has a 1 year low of $212.00 and a 1 year high of $369.00.

Salesforce (NYSE:CRM) last posted 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 analyst estimates of $9.35 billion. During the same period last year, the business earned $1.62 EPS. Salesforce’s revenue was up 8.3% compared to the same quarter last year. On average, equities research analysts predict that Salesforce, Inc. will post 7.48 earnings per share for the current year.

Salesforce Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, December 18th were given a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $1.60 dividend on an annualized basis and a yield of 0.50%. Salesforce’s payout ratio is currently 26.32%.

Analyst Ratings Changes

Several research analysts have recently issued reports on CRM shares. Wells Fargo & Company raised their price objective on Salesforce from $275.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 12th. Stifel Nicolaus upped their price objective on shares of Salesforce from $390.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Loop Capital raised their target price on shares of Salesforce from $340.00 to $360.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Barclays boosted their target price on shares of Salesforce from $415.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Finally, Wedbush reiterated an “outperform” rating and set a $425.00 price objective on shares of Salesforce in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $376.05.

Insiders Place Their Bets

In other news, CAO Sundeep G. Reddy sold 413 shares of Salesforce stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $285.29, for a total value of $117,824.77. Following the completion of the sale, the chief accounting officer now directly owns 7,006 shares of the company’s stock, valued at approximately $1,998,741.74. The trade was a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Marc Benioff sold 317,105 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $346.78, for a total value of $109,965,671.90. Following the completion of the sale, the chief executive officer now owns 12,162,457 shares in the company, valued at $4,217,696,838.46. This represents a 2.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,177,617 shares of company stock valued at $403,542,975 over the last 90 days. 3.20% of the stock is owned by company insiders.

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.