Roman Butler Fullerton & Co. Has $741,000 Holdings in Salesforce Inc. (NYSE:CRM)

Roman Butler Fullerton & Co. cut its position in Salesforce Inc. (NYSE:CRM - Free Report) by 47.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,907 shares of the CRM provider's stock after selling 2,575 shares during the quarter. Roman Butler Fullerton & Co.'s holdings in Salesforce were worth $741,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bernard Wealth Management Corp. acquired a new stake in Salesforce in the 4th quarter worth $25,000. Accredited Wealth Management LLC acquired a new position in Salesforce during the fourth quarter worth $27,000. Halbert Hargrove Global Advisors LLC bought a new position in Salesforce during the 4th quarter valued at about $35,000. Wood Tarver Financial Group LLC bought a new position in shares of Salesforce in the fourth quarter valued at approximately $35,000. Finally, VSM Wealth Advisory LLC acquired a new position in Salesforce in the fourth quarter worth $45,000. 80.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CRM shares. Citigroup reduced their target price on shares of Salesforce from $320.00 to $295.00 and set a "neutral" rating on the stock in a research report on Friday, May 30th. Jefferies Financial Group reduced their price objective on shares of Salesforce from $425.00 to $375.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Mizuho lowered their price target on Salesforce from $425.00 to $380.00 and set an "outperform" rating for the company in a report on Thursday, May 15th. Robert W. Baird cut their price objective 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. Finally, Stifel Nicolaus cut their target price on Salesforce from $425.00 to $375.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-seven have given a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $346.34.

Insider Buying and Selling

In related news, insider Miguel Milano sold 705 shares of the business's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $279.44, for a total value of $197,005.20. Following the transaction, the insider now owns 9,323 shares in the company, valued at $2,605,219.12. The trade was a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Parker Harris sold 3,273 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $284.58, for a total transaction of $931,430.34. Following the transaction, the insider now owns 125,146 shares in the company, valued at $35,614,048.68. This represents a 2.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,111 shares of company stock worth $9,299,283 in the last three months. 3.20% of the stock is owned by corporate insiders.

Salesforce Stock Performance

Shares of NYSE:CRM opened at $262.51 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 12-month low of $229.23 and a 12-month high of $369.00. The company's 50 day moving average price is $268.43 and its two-hundred day moving average price is $299.00. The firm has a market cap of $250.96 billion, a PE ratio of 41.08, a PEG ratio of 2.39 and a beta of 1.38.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The CRM provider reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.03. The business had revenue of $9.83 billion during the quarter, compared to analysts' expectations of $9.74 billion. Salesforce had a net margin of 16.08% and a return on equity of 12.94%. Salesforce's revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.44 earnings per share. Equities research analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th will be given a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Wednesday, June 18th. Salesforce's dividend payout ratio is presently 25.98%.

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.

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