Salesforce Inc. $CRM Position Increased by CFM Wealth Partners LLC

CFM Wealth Partners LLC lifted its holdings in Salesforce Inc. (NYSE:CRM) by 1.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 43,181 shares of the CRM provider’s stock after purchasing an additional 694 shares during the period. Salesforce comprises approximately 1.9% of CFM Wealth Partners LLC’s portfolio, making the stock its 14th largest holding. CFM Wealth Partners LLC’s holdings in Salesforce were worth $11,775,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nuveen LLC bought a new position in Salesforce in the first quarter worth about $2,039,196,000. Longview Partners Guernsey LTD bought a new position in shares of Salesforce during the first quarter valued at approximately $467,944,000. Pacer Advisors Inc. raised its position in shares of Salesforce by 1,744.0% during the 1st quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock worth $488,486,000 after purchasing an additional 1,721,550 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Salesforce by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock worth $23,592,501,000 after purchasing an additional 1,383,942 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. acquired a new position in Salesforce during the 1st quarter valued at approximately $345,100,000. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Stock Up 2.3%

Salesforce stock opened at $245.85 on Tuesday. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00. The stock has a market cap of $234.05 billion, a price-to-earnings ratio of 35.73, a PEG ratio of 2.08 and a beta of 1.19. The company’s 50-day moving average price is $246.17 and its two-hundred day moving average price is $259.80. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the business posted $2.56 EPS. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be given a dividend of $0.416 per share. The ex-dividend date is Wednesday, September 17th. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. Salesforce’s dividend payout ratio (DPR) is 24.13%.

Insider Buying and Selling at Salesforce

In other news, Director David Blair Kirk acquired 3,400 shares of the business’s stock in a transaction dated Tuesday, September 9th. The stock was acquired at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the acquisition, the director directly owned 3,824 shares in the company, valued at $973,819.84. This represents a 801.89% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $251.94, for a total value of $566,865.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $3,001,001,197.74. This represents a 0.02% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,750 shares of company stock worth $19,747,868. 3.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CRM. UBS Group dropped their target price on Salesforce from $300.00 to $260.00 and set a “neutral” rating on the stock in a research report on Monday, August 18th. Wells Fargo & Company lowered their price target on shares of Salesforce from $275.00 to $265.00 and set an “equal weight” rating for the company in a research report on Thursday, September 4th. Oppenheimer dropped their price objective on shares of Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Tuesday, August 26th. Macquarie reissued a “neutral” rating and set a $290.00 target price on shares of Salesforce in a research note on Thursday, September 4th. Finally, Morgan Stanley upped their target price on shares of Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. Twenty-six investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $332.58.

Salesforce Company 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.