180 Wealth Advisors LLC Buys 1,173 Shares of Salesforce, Inc. (NYSE:CRM)

180 Wealth Advisors LLC grew its stake in shares of Salesforce, Inc. (NYSE:CRM - Free Report) by 11.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,512 shares of the CRM provider's stock after purchasing an additional 1,173 shares during the quarter. 180 Wealth Advisors LLC's holdings in Salesforce were worth $3,089,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CRM. Bernard Wealth Management Corp. bought a new position in shares of Salesforce during the fourth quarter valued at approximately $25,000. Accredited Wealth Management LLC bought a new position in shares of Salesforce during the fourth quarter valued at approximately $27,000. Arlington Trust Co LLC grew its holdings 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 valued at $29,000 after purchasing an additional 40 shares during the last quarter. Compass Financial Services Inc bought a new position in shares of Salesforce during the fourth quarter valued at approximately $30,000. Finally, Asset Planning Inc bought a new position in shares of Salesforce during the fourth quarter valued at approximately $31,000. 80.43% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Miguel Milano sold 705 shares of the stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $279.44, for a total transaction of $197,005.20. Following the transaction, the insider now owns 9,323 shares of the company's stock, valued at approximately $2,605,219.12. This represents a 7.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Srinivas Tallapragada sold 6,697 shares of Salesforce stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $295.00, for a total transaction of $1,975,615.00. Following the completion of the transaction, the insider now directly owns 41,422 shares in the company, valued at approximately $12,219,490. This represents a 13.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,332 shares of company stock worth $11,024,802 in the last quarter. 3.20% of the stock is currently owned by corporate insiders.

Salesforce Stock Down 1.5%

Shares of NYSE CRM traded down $4.09 during mid-day trading on Monday, reaching $261.28. The company had a trading volume of 9,203,251 shares, compared to its average volume of 6,680,127. The stock has a fifty day moving average of $267.31 and a two-hundred day moving average of $304.30. Salesforce, Inc. has a 12-month low of $227.77 and a 12-month high of $369.00. The company has a market capitalization of $251.19 billion, a price-to-earnings ratio of 42.97, a PEG ratio of 2.58 and a beta of 1.42. 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 (NYSE:CRM - Get Free Report) last released its earnings results on Wednesday, May 28th. The CRM provider reported $2.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.55 by $0.03. Salesforce had a net margin of 15.96% and a return on equity of 12.34%. The company had revenue of $9.83 billion during the quarter, compared to the consensus estimate of $9.74 billion. During the same quarter in the prior year, the firm earned $2.44 EPS. The company's revenue was up 7.6% compared to the same quarter last year. As a group, equities research analysts expect that Salesforce, Inc. will post 7.46 EPS for the current year.

Salesforce Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th were given a $0.42 dividend. This is an increase from Salesforce's previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. This represents a $1.68 dividend on an annualized basis and a yield of 0.64%. Salesforce's dividend payout ratio is presently 25.98%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Bank of America dropped their price target on shares of Salesforce from $440.00 to $400.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. BMO Capital Markets dropped their price target on shares of Salesforce from $367.00 to $350.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 27th. Wells Fargo & Company raised their price target on shares of Salesforce from $255.00 to $275.00 and gave the company an "equal weight" rating in a research note on Thursday. Guggenheim upgraded shares of Salesforce from a "sell" rating to a "neutral" rating in a research note on Monday, April 21st. Finally, Redburn Atlantic assumed coverage on shares of Salesforce in a research note on Wednesday, February 19th. They issued a "buy" rating on the stock. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-eight have issued a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $343.32.

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.