Bison Wealth LLC Has $747,000 Stock Holdings in Salesforce, Inc. (NYSE:CRM)

Bison Wealth LLC boosted its stake in shares of Salesforce, Inc. (NYSE:CRM) by 9.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,234 shares of the CRM provider’s stock after buying an additional 184 shares during the period. Bison Wealth LLC’s holdings in Salesforce were worth $747,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CRM. Bernard Wealth Management Corp. bought a new position in Salesforce during the 4th quarter worth about $25,000. Arlington Trust Co LLC boosted its position in shares of Salesforce by 85.1% during the fourth quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider’s stock worth $29,000 after buying an additional 40 shares during the period. Compass Financial Services Inc bought a new position in shares of Salesforce during the fourth quarter worth about $30,000. Asset Planning Inc acquired a new stake in Salesforce in the 4th quarter valued at approximately $31,000. Finally, Collier Financial bought a new stake in Salesforce in the 4th quarter valued at approximately $32,000. Institutional investors own 80.43% of the company’s stock.

Salesforce Trading Up 0.8 %

NYSE:CRM opened at $267.79 on Wednesday. The firm has a fifty day simple moving average of $271.56 and a two-hundred day simple moving average of $308.10. Salesforce, Inc. has a 12 month low of $212.00 and a 12 month high of $369.00. The stock has a market capitalization of $257.45 billion, a price-to-earnings ratio of 44.04, a PEG ratio of 2.58 and a beta of 1.38. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14.

Salesforce Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 10th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 0.63%. This is a positive change from Salesforce’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 10th. Salesforce’s payout ratio is presently 26.10%.

Insiders Place Their Bets

In other news, CAO Sundeep G. Reddy sold 500 shares of Salesforce stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $335.94, for a total transaction of $167,970.00. Following the completion of the transaction, the chief accounting officer now directly owns 6,557 shares in the company, valued at $2,202,758.58. This trade represents a 7.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Amy E. Weaver sold 6,221 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $335.94, for a total value of $2,089,882.74. Following the transaction, the chief financial officer now owns 46,750 shares in the company, valued at approximately $15,705,195. This trade represents a 11.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,051 shares of company stock worth $15,027,714. Corporate insiders own 3.20% of the company’s stock.

Analysts Set New Price Targets

CRM has been the topic of a number of research reports. Oppenheimer cut their price objective on shares of Salesforce from $415.00 to $380.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Robert W. Baird cut their price target on shares of Salesforce from $430.00 to $400.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. DA Davidson restated an “underperform” rating and issued a $200.00 price objective on shares of Salesforce in a report on Monday, April 21st. Redburn Atlantic started coverage on Salesforce in a report on Wednesday, February 19th. They set a “buy” rating on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and set a $400.00 price objective on shares of Salesforce in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-one have assigned a buy rating and five have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $351.37.

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.