Ewa LLC Raises Stock Holdings in Salesforce, Inc. (NYSE:CRM)

Ewa LLC raised its position in Salesforce, Inc. (NYSE:CRM) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,914 shares of the CRM provider’s stock after buying an additional 64 shares during the quarter. Ewa LLC’s holdings in Salesforce were worth $547,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Naviter Wealth LLC raised its stake in shares of Salesforce by 14.2% during the fourth quarter. Naviter Wealth LLC now owns 5,932 shares of the CRM provider’s stock worth $1,561,000 after purchasing an additional 738 shares during the last quarter. Chase Investment Counsel Corp raised its stake in shares of Salesforce by 0.3% during the fourth quarter. Chase Investment Counsel Corp now owns 10,377 shares of the CRM provider’s stock worth $2,730,000 after purchasing an additional 36 shares during the last quarter. Choreo LLC raised its stake in shares of Salesforce by 305.1% during the fourth quarter. Choreo LLC now owns 23,829 shares of the CRM provider’s stock worth $6,270,000 after purchasing an additional 17,947 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its position in Salesforce by 4.8% in the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,194 shares of the CRM provider’s stock worth $577,000 after acquiring an additional 100 shares in the last quarter. Finally, Gilbert & Cook Inc. raised its position in Salesforce by 6.9% in the fourth quarter. Gilbert & Cook Inc. now owns 5,659 shares of the CRM provider’s stock worth $1,489,000 after acquiring an additional 366 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Stock Performance

NYSE CRM traded up $0.05 during trading on Monday, reaching $274.34. 2,063,810 shares of the company’s stock were exchanged, compared to its average volume of 5,617,171. The business has a 50 day moving average price of $295.97 and a 200-day moving average price of $264.71. The stock has a market capitalization of $266.11 billion, a P/E ratio of 65.27, a PEG ratio of 2.11 and a beta of 1.28. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.09 and a quick ratio of 1.09. Salesforce, Inc. has a fifty-two week low of $190.76 and a fifty-two week high of $318.71.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, February 28th. The CRM provider reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. The firm had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.22 billion. Salesforce had a return on equity of 10.42% and a net margin of 11.87%. The business’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.01 earnings per share. Sell-side analysts forecast that Salesforce, Inc. will post 7.45 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 14th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Wednesday, March 13th. Salesforce’s dividend payout ratio is presently 9.52%.

Insider Transactions at Salesforce

In other news, CFO Amy E. Weaver sold 942 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $305.46, for a total transaction of $287,743.32. Following the completion of the sale, the chief financial officer now owns 39,416 shares in the company, valued at $12,040,011.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CAO Sundeep G. Reddy sold 2,425 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $273.15, for a total value of $662,388.75. Following the completion of the sale, the chief accounting officer now directly owns 5,856 shares in the company, valued at $1,599,566.40. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Amy E. Weaver sold 942 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $305.46, for a total value of $287,743.32. Following the completion of the sale, the chief financial officer now owns 39,416 shares of the company’s stock, valued at $12,040,011.36. The disclosure for this sale can be found here. Insiders sold a total of 595,793 shares of company stock worth $175,070,968 over the last quarter. Company insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. StockNews.com cut Salesforce from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 19th. Wedbush increased their price objective on Salesforce from $280.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Jefferies Financial Group increased their price objective on Salesforce from $350.00 to $360.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. BMO Capital Markets raised their price target on Salesforce from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Finally, Evercore ISI raised their price objective on Salesforce from $290.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Nine equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Salesforce currently has an average rating of “Moderate Buy” and an average target price of $310.61.

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.