Three Seasons Wealth LLC Makes New Investment in Salesforce, Inc. (NYSE:CRM)

Three Seasons Wealth LLC acquired a new stake in shares of Salesforce, Inc. (NYSE:CRM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,621 shares of the CRM provider's stock, valued at approximately $877,000.

A number of other institutional investors have also modified their holdings of the company. Bernard Wealth Management Corp. purchased a new stake in shares of Salesforce in the fourth quarter worth about $25,000. Arlington Trust Co LLC boosted its stake in shares of Salesforce by 85.1% in 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 period. Compass Financial Services Inc acquired a new stake in Salesforce during the 4th quarter valued at $30,000. Asset Planning Inc purchased a new stake in Salesforce during the 4th quarter worth $31,000. Finally, Collier Financial acquired a new position in Salesforce in the 4th quarter worth $32,000. Hedge funds and other institutional investors own 80.43% of the company's stock.

Salesforce Stock Performance

CRM traded up $2.23 during trading on Tuesday, reaching $267.87. 1,687,511 shares of the company's stock were exchanged, compared to its average volume of 6,796,786. The company has a market capitalization of $257.52 billion, a P/E ratio of 44.04, a PEG ratio of 2.58 and a beta of 1.38. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average price of $272.58 and a 200 day moving average price of $308.39. Salesforce, Inc. has a fifty-two week low of $212.00 and a fifty-two week high of $369.00.

Salesforce Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th were paid a $0.42 dividend. This is a positive change from Salesforce's previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a dividend yield of 0.63%. The ex-dividend date was Thursday, April 10th. Salesforce's dividend payout ratio is currently 26.10%.

Insider Transactions at Salesforce

In other news, CAO Sundeep G. Reddy sold 500 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $335.94, for a total transaction of $167,970.00. Following the transaction, the chief accounting officer now directly owns 6,557 shares in the company, valued at approximately $2,202,758.58. This represents a 7.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider R David Schmaier sold 6,959 shares of the company's stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $253.31, for a total value of $1,762,784.29. Following the transaction, the insider now directly owns 36,090 shares in the company, valued at approximately $9,141,957.90. This represents a 16.17 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,051 shares of company stock valued at $15,027,714. Corporate insiders own 3.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CRM. Wells Fargo & Company reduced their price target on Salesforce from $310.00 to $255.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Redburn Atlantic initiated coverage on shares of Salesforce in a research report on Wednesday, February 19th. They set a "buy" rating for the company. Morgan Stanley lowered their target price on Salesforce from $405.00 to $393.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Jefferies Financial Group lowered their price objective on Salesforce from $425.00 to $375.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Finally, DA Davidson restated an "underperform" rating and issued a $200.00 target price on shares of Salesforce in a research report on Monday, April 21st. One equities 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $351.37.

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.