32,709 Shares in Salesforce, Inc. (NYSE:CRM) Bought by Bcwm LLC

Bcwm LLC purchased a new stake in shares of Salesforce, Inc. (NYSE:CRM) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 32,709 shares of the CRM provider’s stock, valued at approximately $10,936,000. Salesforce accounts for approximately 3.9% of Bcwm LLC’s holdings, making the stock its 4th largest holding.

A number of other large investors have also added to or reduced their stakes in CRM. Arlington Trust Co LLC boosted its holdings 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 acquiring an additional 40 shares in the last quarter. Compass Financial Services Inc bought a new stake in shares of Salesforce during the 4th quarter valued at about $30,000. Asset Planning Inc purchased a new position in shares of Salesforce during the fourth quarter valued at about $31,000. Collier Financial purchased a new stake in Salesforce in the fourth quarter worth about $32,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in Salesforce during the 4th quarter valued at approximately $35,000. Institutional investors own 80.43% of the company’s stock.

Wall Street Analysts Forecast Growth

CRM has been the topic of several recent research reports. Stephens initiated coverage on Salesforce in a research note on Wednesday, March 19th. They issued an “equal weight” rating and a $311.00 price target on the stock. Jefferies Financial Group boosted their target price on shares of Salesforce from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. DA Davidson dropped their price target on Salesforce from $300.00 to $275.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. 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 note on Thursday, February 27th. Finally, Redburn Atlantic started coverage on shares of Salesforce in a research note on Wednesday, February 19th. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-one have given a buy rating and five have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $362.74.

Salesforce Stock Performance

NYSE:CRM opened at $270.04 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. Salesforce, Inc. has a fifty-two week low of $212.00 and a fifty-two week high of $369.00. The company has a market cap of $259.51 billion, a price-to-earnings ratio of 44.42, a PEG ratio of 2.58 and a beta of 1.35. The stock has a fifty day moving average price of $309.39 and a 200-day moving average price of $311.13.

Salesforce Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th will be given a $0.42 dividend. This is a boost from Salesforce’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a yield of 0.62%. The ex-dividend date is Thursday, April 10th. Salesforce’s dividend payout ratio is 26.10%.

Insider Activity

In other Salesforce news, insider R David Schmaier sold 1,785 shares of the firm’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $288.34, for a total value of $514,686.90. Following the transaction, the insider now directly owns 29,190 shares of the company’s stock, valued at approximately $8,416,644.60. This trade represents a 5.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Amy E. Weaver sold 897 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $332.28, for a total value of $298,055.16. Following the sale, the chief financial officer now owns 46,750 shares of the company’s stock, valued at $15,534,090. This trade represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,660 shares of company stock valued at $14,095,336. Insiders own 3.20% of the company’s stock.

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.