Valley Brook Capital Group Inc. Has $1.07 Million Stock Position in Salesforce, Inc. (NYSE:CRM)

Valley Brook Capital Group Inc. increased its position in shares of Salesforce, Inc. (NYSE:CRM) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,054 shares of the CRM provider’s stock after purchasing an additional 195 shares during the period. Valley Brook Capital Group Inc.’s holdings in Salesforce were worth $1,067,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CRM. Bear Mountain Capital Inc. bought a new stake in shares of Salesforce in the 4th quarter valued at approximately $26,000. Signature Resources Capital Management LLC acquired a new stake in Salesforce in the 4th quarter valued at $26,000. Kathleen S. Wright Associates Inc. bought a new stake in Salesforce in the fourth quarter valued at $31,000. Pacifica Partners Inc. raised its stake in Salesforce by 333.3% during the fourth quarter. Pacifica Partners Inc. now owns 130 shares of the CRM provider’s stock worth $33,000 after acquiring an additional 100 shares in the last quarter. Finally, BKM Wealth Management LLC bought a new position in shares of Salesforce during the fourth quarter valued at $34,000. Institutional investors own 80.43% of the company’s stock.

Insider Transactions at Salesforce

In related news, CAO Sundeep G. Reddy sold 2,425 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $273.15, for a total transaction of $662,388.75. Following the completion of the sale, the chief accounting officer now directly owns 5,856 shares of the company’s stock, valued at approximately $1,599,566.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CAO Sundeep G. Reddy sold 2,425 shares of Salesforce stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $273.15, for a total value of $662,388.75. Following the sale, the chief accounting officer now owns 5,856 shares of the company’s stock, valued at approximately $1,599,566.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Marc Benioff sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $269.53, for a total value of $4,042,950.00. Following the transaction, the chief executive officer now directly owns 12,707,327 shares of the company’s stock, valued at approximately $3,425,005,846.31. The disclosure for this sale can be found here. Insiders have sold a total of 629,993 shares of company stock valued at $184,255,474 over the last 90 days. 3.70% of the stock is owned by company insiders.

Salesforce Trading Up 0.6 %

Salesforce stock traded up $1.53 during midday trading on Friday, hitting $273.66. 4,041,636 shares of the stock were exchanged, compared to its average volume of 5,219,539. Salesforce, Inc. has a 52 week low of $190.76 and a 52 week high of $318.71. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $264.90 billion, a PE ratio of 65.16, a P/E/G ratio of 2.10 and a beta of 1.30. The company has a fifty day simple moving average of $294.23 and a two-hundred day simple moving average of $267.00.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, February 28th. The CRM provider reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. Salesforce had a net margin of 11.87% and a return on equity of 10.42%. The company had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.22 billion. During the same period last year, the firm posted $1.01 earnings per share. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. Equities research analysts anticipate that Salesforce, Inc. will post 7.45 EPS for the current fiscal year.

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 14th were issued a $0.40 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $1.60 annualized dividend and a dividend yield of 0.58%. Salesforce’s dividend payout ratio (DPR) is currently 9.52%.

Analyst Upgrades and Downgrades

CRM has been the subject of a number of recent analyst reports. Canaccord Genuity Group reiterated a “buy” rating and set a $350.00 target price on shares of Salesforce in a research report on Thursday, March 7th. Evercore ISI raised their price objective on shares of Salesforce from $290.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. JMP Securities reissued a “market outperform” rating and issued a $342.00 target price on shares of Salesforce in a report on Monday, April 15th. Wolfe Research reaffirmed an “outperform” rating and set a $365.00 price target on shares of Salesforce in a report on Tuesday, April 16th. Finally, StockNews.com lowered Salesforce from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 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’s stock. According to data from MarketBeat, Salesforce presently has an average 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.