CMH Wealth Management LLC Sells 880 Shares of salesforce.com, inc. (CRM)

CMH Wealth Management LLC trimmed its holdings in salesforce.com, inc. (NYSE:CRM) by 5.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,242 shares of the CRM provider’s stock after selling 880 shares during the period. salesforce.com accounts for approximately 1.6% of CMH Wealth Management LLC’s holdings, making the stock its 27th largest position. CMH Wealth Management LLC’s holdings in salesforce.com were worth $2,572,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Bremer Trust National Association lifted its stake in shares of salesforce.com by 0.4% in the fourth quarter. Bremer Trust National Association now owns 17,925 shares of the CRM provider’s stock worth $2,455,000 after buying an additional 66 shares during the last quarter. Highland Private Wealth Management raised its stake in salesforce.com by 3.3% during the 4th quarter. Highland Private Wealth Management now owns 2,124 shares of the CRM provider’s stock valued at $291,000 after purchasing an additional 68 shares during the last quarter. Mycio Wealth Partners LLC raised its stake in salesforce.com by 2.5% during the 4th quarter. Mycio Wealth Partners LLC now owns 2,833 shares of the CRM provider’s stock valued at $388,000 after purchasing an additional 70 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in salesforce.com by 1.8% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 3,983 shares of the CRM provider’s stock valued at $546,000 after purchasing an additional 72 shares during the last quarter. Finally, Townsend & Associates Inc raised its stake in salesforce.com by 0.9% during the 1st quarter. Townsend & Associates Inc now owns 8,377 shares of the CRM provider’s stock valued at $1,327,000 after purchasing an additional 73 shares during the last quarter. 83.02% of the stock is owned by institutional investors.

Several research firms recently commented on CRM. Exane BNP Paribas began coverage on shares of salesforce.com in a research note on Friday, March 29th. They set an “outperform” rating for the company. BNP Paribas began coverage on shares of salesforce.com in a research note on Friday, March 29th. They set an “outperform” rating for the company. Mizuho began coverage on shares of salesforce.com in a research note on Wednesday, March 13th. They set a “buy” rating and a $185.00 target price for the company. Zacks Investment Research cut shares of salesforce.com from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Finally, Citigroup upped their target price on shares of salesforce.com from $183.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. salesforce.com presently has a consensus rating of “Buy” and a consensus price target of $177.82.



Shares of NYSE CRM traded down $0.18 during mid-day trading on Monday, hitting $160.53. The company’s stock had a trading volume of 64,799 shares, compared to its average volume of 4,695,933. The firm has a market capitalization of $123.92 billion, a PE ratio of 110.70, a price-to-earnings-growth ratio of 5.36 and a beta of 1.39. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.20. salesforce.com, inc. has a one year low of $113.60 and a one year high of $166.99.

salesforce.com (NYSE:CRM) last issued its earnings results on Monday, March 4th. The CRM provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.14. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.56 billion. salesforce.com had a net margin of 8.36% and a return on equity of 8.42%. During the same quarter last year, the firm earned $0.35 EPS. As a group, equities research analysts anticipate that salesforce.com, inc. will post 1.31 earnings per share for the current fiscal year.

In related news, insider Amy E. Weaver sold 5,325 shares of the stock in a transaction that occurred on Tuesday, January 15th. The shares were sold at an average price of $146.07, for a total value of $777,822.75. Following the sale, the insider now directly owns 28,296 shares in the company, valued at approximately $4,133,196.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Parker Harris sold 6,331 shares of the stock in a transaction that occurred on Tuesday, January 29th. The shares were sold at an average price of $145.80, for a total transaction of $923,059.80. Following the completion of the sale, the insider now owns 29,974 shares in the company, valued at $4,370,209.20. The disclosure for this sale can be found here. Insiders sold a total of 440,337 shares of company stock worth $69,281,589 in the last ninety days. Insiders own 6.00% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by Dakota Financial News and is owned by of Dakota Financial News. If you are accessing this piece of content on another website, it was illegally stolen and reposted in violation of United States & international copyright law. The correct version of this piece of content can be read at https://dakotafinancialnews.com/2019/04/15/cmh-wealth-management-llc-sells-880-shares-of-salesforce-com-inc-crm.html.

About salesforce.com

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.

Featured Story: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

Want to see what other hedge funds are holding CRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for salesforce.com, inc. (NYSE:CRM).

Institutional Ownership by Quarter for salesforce.com (NYSE:CRM)

Receive News & Ratings for salesforce.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for salesforce.com and related companies with MarketBeat.com's FREE daily email newsletter.