Semus Wealth Partners LLC Has $599,000 Holdings in Salesforce, Inc. (NYSE:CRM)

Semus Wealth Partners LLC boosted its stake in shares of Salesforce, Inc. (NYSE:CRM) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,791 shares of the CRM provider’s stock after purchasing an additional 51 shares during the quarter. Semus Wealth Partners LLC’s holdings in Salesforce were worth $599,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CRM. Bank of Jackson Hole Trust acquired a new position in shares of Salesforce in the 4th quarter valued at $208,000. Klingman & Associates LLC raised its stake in shares of Salesforce by 2.8% in the 4th quarter. Klingman & Associates LLC now owns 2,855 shares of the CRM provider’s stock valued at $955,000 after buying an additional 77 shares in the last quarter. Prossimo Advisors LLC raised its stake in shares of Salesforce by 1.0% in the 4th quarter. Prossimo Advisors LLC now owns 3,366 shares of the CRM provider’s stock valued at $1,125,000 after buying an additional 32 shares in the last quarter. Callahan Advisors LLC raised its stake in shares of Salesforce by 1.3% in the 4th quarter. Callahan Advisors LLC now owns 30,366 shares of the CRM provider’s stock valued at $10,152,000 after buying an additional 377 shares in the last quarter. Finally, Davidson Investment Advisors raised its stake in shares of Salesforce by 1.4% in the 4th quarter. Davidson Investment Advisors now owns 83,139 shares of the CRM provider’s stock valued at $27,796,000 after buying an additional 1,146 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Salesforce Stock Performance

Shares of NYSE:CRM opened at $328.62 on Wednesday. The company has a market capitalization of $314.49 billion, a price-to-earnings ratio of 54.05, a P/E/G ratio of 2.66 and a beta of 1.31. The firm’s 50 day simple moving average is $335.64 and its 200 day simple moving average is $304.52. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11. Salesforce, Inc. has a fifty-two week low of $212.00 and a fifty-two week high of $369.00.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.03). The firm had revenue of $9.44 billion during the quarter, compared to analyst estimates of $9.35 billion. Salesforce had a net margin of 15.96% and a return on equity of 12.34%. The business’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.62 earnings per share. As a group, sell-side analysts forecast that Salesforce, Inc. will post 7.48 earnings per share for the current year.

Salesforce Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, December 18th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Wednesday, December 18th. Salesforce’s payout ratio is currently 26.32%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Morgan Stanley increased their price objective on shares of Salesforce from $330.00 to $405.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Wells Fargo & Company increased their price objective on shares of Salesforce from $275.00 to $330.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 12th. Oppenheimer reaffirmed an “outperform” rating and issued a $415.00 target price (up previously from $385.00) on shares of Salesforce in a report on Wednesday, December 4th. Northland Securities reaffirmed an “outperform” rating and issued a $440.00 target price (up previously from $400.00) on shares of Salesforce in a report on Wednesday, December 4th. Finally, Royal Bank of Canada upped their target price on shares of Salesforce from $300.00 to $420.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $377.63.

Insider Buying and Selling at Salesforce

In other news, COO Brian Millham sold 14,808 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $338.95, for a total value of $5,019,171.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Miguel Milano sold 719 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $342.81, for a total transaction of $246,480.39. Following the completion of the sale, the insider now directly owns 4,659 shares in the company, valued at approximately $1,597,151.79. This represents a 13.37 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,111,420 shares of company stock valued at $384,366,700. 3.20% of the stock is currently owned by corporate insiders.

About Salesforce

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.