Mitchell Mcleod Pugh & Williams Inc. Has $902,000 Stock Holdings in Salesforce Inc. $CRM

Mitchell Mcleod Pugh & Williams Inc. grew its position in Salesforce Inc. (NYSE:CRM) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,306 shares of the CRM provider’s stock after purchasing an additional 60 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Salesforce were worth $902,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Painted Porch Advisors LLC raised its holdings in Salesforce by 260.0% in the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after purchasing an additional 65 shares during the period. Capital A Wealth Management LLC raised its holdings in Salesforce by 450.0% in the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock worth $30,000 after purchasing an additional 90 shares during the period. CBIZ Investment Advisory Services LLC raised its holdings in shares of Salesforce by 314.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after acquiring an additional 85 shares during the period. Abound Financial LLC acquired a new stake in shares of Salesforce during the first quarter worth $31,000. Finally, Christopher J. Hasenberg Inc raised its holdings in shares of Salesforce by 383.3% during the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after acquiring an additional 92 shares during the period. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Salesforce

In other news, Director David Blair Kirk acquired 3,400 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The stock was bought at an average price of $254.66 per share, with a total value of $865,844.00. Following the transaction, the director directly owned 3,824 shares in the company, valued at approximately $973,819.84. The trade was a 801.89% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $236.45, for a total transaction of $532,012.50. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,816,490,962.95. The trade was a 0.02% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 78,750 shares of company stock valued at $19,572,233. Insiders own 3.00% of the company’s stock.

Salesforce Stock Down 3.6%

Salesforce stock opened at $239.87 on Wednesday. The company has a market cap of $228.36 billion, a P/E ratio of 34.87, a price-to-earnings-growth ratio of 2.15 and a beta of 1.19. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The company has a fifty day simple moving average of $244.47 and a 200 day simple moving average of $258.36. 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 announced its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating 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 the consensus estimate of $10.14 billion. During the same quarter last year, the firm posted $2.56 EPS. The company’s quarterly revenue was up 9.8% on a year-over-year basis. 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 earnings per share 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 given a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 17th. Salesforce’s dividend payout ratio (DPR) is 24.13%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Salesforce in a report on Tuesday. Wells Fargo & Company dropped their price objective on shares of Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a report on Thursday, September 4th. Morgan Stanley raised their price objective on shares of Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. Roth Capital restated a “buy” rating and set a $395.00 price objective on shares of Salesforce in a report on Thursday, September 4th. Finally, Canaccord Genuity Group dropped their price objective on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, September 4th. Twenty-five research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $328.22.

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.