RB Capital Management LLC Has $5.54 Million Stock Holdings in Salesforce, Inc. (NYSE:CRM)

RB Capital Management LLC reduced its holdings in Salesforce, Inc. (NYSE:CRM) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,036 shares of the CRM provider’s stock after selling 69 shares during the period. Salesforce makes up about 1.6% of RB Capital Management LLC’s investment portfolio, making the stock its 14th largest position. RB Capital Management LLC’s holdings in Salesforce were worth $5,535,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Bear Mountain Capital Inc. bought a new position in Salesforce during the fourth quarter worth about $26,000. Kathleen S. Wright Associates Inc. acquired a new stake in Salesforce during the 4th quarter valued at $31,000. Pacifica Partners Inc. grew its holdings in 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 acquiring an additional 100 shares during the last quarter. BKM Wealth Management LLC acquired a new position in shares of Salesforce during the fourth quarter worth approximately $34,000. Finally, AlphaMark Advisors LLC grew its stake in shares of Salesforce by 892.9% during the fourth quarter. AlphaMark Advisors LLC now owns 139 shares of the CRM provider’s stock valued at $37,000 after purchasing an additional 125 shares during the last quarter. 80.43% of the stock is owned by institutional investors.

Salesforce Stock Down 0.1 %

NYSE CRM traded down $0.25 during mid-day trading on Wednesday, hitting $268.69. The company’s stock had a trading volume of 3,758,522 shares, compared to its average volume of 5,599,626. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.14. The company’s 50 day simple moving average is $295.34 and its 200 day simple moving average is $265.65. Salesforce, Inc. has a twelve month low of $190.76 and a twelve month high of $318.71. The firm has a market capitalization of $260.63 billion, a price-to-earnings ratio of 63.76, a PEG ratio of 2.12 and a beta of 1.28.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, February 28th. The CRM provider reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. The business had revenue of $9.29 billion during 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 quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 EPS. Analysts anticipate that Salesforce, Inc. will post 7.45 earnings per share for the current year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 14th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date was Wednesday, March 13th. Salesforce’s payout ratio is 9.52%.

Insider Buying and Selling at Salesforce

In other news, COO Brian Millham sold 24,453 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $302.08, for a total value of $7,386,762.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, COO Brian Millham sold 24,453 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $302.08, for a total transaction of $7,386,762.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Marc Benioff sold 15,000 shares of Salesforce stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $270.94, for a total transaction of $4,064,100.00. Following the completion of the sale, the chief executive officer now directly owns 12,827,327 shares in the company, valued at approximately $3,475,435,977.38. The disclosure for this sale can be found here. In the last 90 days, insiders sold 610,793 shares of company stock worth $179,074,618. Insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CRM shares. Robert W. Baird lifted their target price on Salesforce from $310.00 to $355.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. UBS Group lifted their target price on shares of Salesforce from $285.00 to $310.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. Jefferies Financial Group upped their price target on Salesforce from $350.00 to $360.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. BMO Capital Markets boosted their price objective on shares of Salesforce from $325.00 to $335.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Finally, TheStreet upgraded shares of Salesforce from a “c+” rating to a “b-” rating in a research report on Friday, January 19th. Nine analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Salesforce currently has a consensus rating of “Moderate Buy” and a consensus target price of $310.61.

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.