Salesforce, Inc. (NYSE:CRM) Shares Acquired by Jackson Hole Capital Partners LLC

Jackson Hole Capital Partners LLC lifted its position in shares of Salesforce, Inc. (NYSE:CRM) by 9.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,224 shares of the CRM provider’s stock after acquiring an additional 885 shares during the period. Jackson Hole Capital Partners LLC’s holdings in Salesforce were worth $2,690,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bear Mountain Capital Inc. acquired a new position in shares of Salesforce during the 4th quarter worth $26,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of Salesforce during the 4th quarter worth $31,000. Pacifica Partners Inc. raised its stake in shares of Salesforce by 333.3% during the 4th quarter. Pacifica Partners Inc. now owns 130 shares of the CRM provider’s stock worth $33,000 after buying an additional 100 shares during the last quarter. BKM Wealth Management LLC acquired a new position in shares of Salesforce during the 4th quarter worth $34,000. Finally, AlphaMark Advisors LLC raised its stake in shares of Salesforce by 892.9% during the 4th quarter. AlphaMark Advisors LLC now owns 139 shares of the CRM provider’s stock worth $37,000 after buying an additional 125 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Stock Down 1.1 %

Salesforce stock traded down $3.10 during midday trading on Thursday, hitting $273.09. 4,809,033 shares of the company were exchanged, compared to its average volume of 5,686,380. The company’s fifty day moving average price is $296.28 and its 200-day moving average price is $263.44. The company has a market cap of $264.90 billion, a PE ratio of 65.02, a price-to-earnings-growth ratio of 2.13 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 $190.57 and a fifty-two week high of $318.71.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, February 28th. The CRM provider reported $1.78 EPS for the quarter, topping the consensus estimate of $1.72 by $0.06. The firm had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.22 billion. Salesforce had a return on equity of 10.42% and a net margin of 11.87%. Salesforce’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.01 EPS. On average, research analysts predict that Salesforce, Inc. will post 7.45 EPS for the current fiscal year.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 14th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Wednesday, March 13th. Salesforce’s dividend payout ratio (DPR) is presently 9.52%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CRM. Evercore ISI lifted their price objective on Salesforce from $290.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Bank of America lifted their price objective on Salesforce from $350.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Wolfe Research reiterated an “outperform” rating and set a $365.00 price objective on shares of Salesforce in a research report on Tuesday, April 16th. Canaccord Genuity Group reiterated a “buy” rating and set a $350.00 price objective on shares of Salesforce in a research report on Thursday, March 7th. Finally, Robert W. Baird lifted their price objective on Salesforce from $310.00 to $355.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Nine research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $310.61.

Insider Buying and Selling at Salesforce

In other Salesforce news, CEO Marc Benioff sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $270.94, for a total value of $4,064,100.00. Following the transaction, the chief executive officer now directly owns 12,827,327 shares of the company’s stock, valued at approximately $3,475,435,977.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Salesforce news, CAO Sundeep G. Reddy sold 2,425 shares of the company’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 transaction, the chief accounting officer now directly owns 5,856 shares of the company’s stock, valued at approximately $1,599,566.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Marc Benioff sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $270.94, for a total value of $4,064,100.00. Following the completion of the transaction, the chief executive officer now directly owns 12,827,327 shares in the company, valued at $3,475,435,977.38. The disclosure for this sale can be found here. Insiders have sold a total of 635,793 shares of company stock valued at $186,389,768 in the last three months. Corporate insiders own 3.70% 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.