Valley Brook Capital Group Inc. Purchases 260 Shares of Salesforce Inc. $CRM

Valley Brook Capital Group Inc. raised its position in shares of Salesforce Inc. (NYSE:CRM) by 5.5% in the second quarter, HoldingsChannel reports. The firm owned 4,969 shares of the CRM provider’s stock after buying an additional 260 shares during the quarter. Salesforce makes up 1.0% of Valley Brook Capital Group Inc.’s investment portfolio, making the stock its 27th largest position. Valley Brook Capital Group Inc.’s holdings in Salesforce were worth $1,355,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. CWM LLC grew its stake in shares of Salesforce by 10.2% during the 2nd quarter. CWM LLC now owns 100,739 shares of the CRM provider’s stock valued at $27,470,000 after acquiring an additional 9,338 shares during the period. Advocate Group LLC bought a new position in shares of Salesforce during the 2nd quarter valued at approximately $3,281,000. OFI Invest Asset Management grew its stake in shares of Salesforce by 3.9% during the 2nd quarter. OFI Invest Asset Management now owns 254,211 shares of the CRM provider’s stock valued at $69,321,000 after acquiring an additional 9,512 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in shares of Salesforce by 16.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 120,042 shares of the CRM provider’s stock valued at $32,741,000 after acquiring an additional 17,204 shares during the period. Finally, Summa Corp. bought a new position in shares of Salesforce during the 2nd quarter valued at approximately $485,000. 80.43% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $239.79, for a total transaction of $539,527.50. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,856,275,610.09. This represents a 0.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 78,750 shares of company stock worth $19,634,805. 3.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CRM shares. Wells Fargo & Company cut their price objective on Salesforce from $275.00 to $265.00 and set an “equal weight” rating for the company in a research note on Thursday, September 4th. JMP Securities reiterated a “market outperform” rating and set a $430.00 price objective on shares of Salesforce in a research note on Tuesday, September 2nd. Sanford C. Bernstein cut their price objective on Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a research note on Thursday, September 4th. Citigroup boosted their price objective on Salesforce from $275.00 to $276.00 and gave the company a “neutral” rating in a research note on Tuesday, September 9th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $325.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Twenty-six analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $331.89.

Salesforce Trading Down 1.3%

CRM stock opened at $242.11 on Friday. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $230.49 billion, a price-to-earnings ratio of 35.19, a PEG ratio of 2.09 and a beta of 1.19. The business has a 50 day simple moving average of $244.68 and a two-hundred day simple moving average of $258.77.

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

Salesforce Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were issued a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 17th. Salesforce’s dividend payout ratio is 24.13%.

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.