Altus Wealth Group LLC Lowers Stake in Salesforce Inc. $CRM

Altus Wealth Group LLC lowered its stake in Salesforce Inc. (NYSE:CRM) by 8.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 736 shares of the CRM provider’s stock after selling 67 shares during the period. Altus Wealth Group LLC’s holdings in Salesforce were worth $201,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Painted Porch Advisors LLC raised its position in Salesforce by 260.0% during the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after acquiring an additional 65 shares during the last quarter. Capital A Wealth Management LLC grew its holdings in Salesforce by 450.0% in the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after buying an additional 90 shares during the period. CBIZ Investment Advisory Services LLC increased its position in 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 purchasing an additional 85 shares during the last quarter. Abound Financial LLC purchased a new position in shares of Salesforce in the 1st quarter worth about $31,000. Finally, Christopher J. Hasenberg Inc increased its position in shares of Salesforce by 383.3% in 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 in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Trading Down 1.1%

Shares of CRM stock opened at $243.27 on Monday. The company has a market cap of $231.59 billion, a PE ratio of 35.36, a price-to-earnings-growth ratio of 2.04 and a beta of 1.19. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The business’s 50 day moving average is $244.38 and its two-hundred day moving average is $257.79.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The company had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the prior year, the business earned $2.56 earnings per share. Salesforce’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. Equities analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CRM. Cantor Fitzgerald restated an “overweight” rating and issued a $325.00 target price on shares of Salesforce in a research note on Thursday. Citigroup raised their target price on shares of Salesforce from $275.00 to $276.00 and gave the stock a “neutral” rating in a report on Tuesday, September 9th. DA Davidson restated a “neutral” rating and issued a $225.00 price target on shares of Salesforce in a research note on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Salesforce in a report on Tuesday, October 14th. Finally, Bank of America reduced their price objective on shares of Salesforce from $350.00 to $325.00 and set a “buy” rating for the company in a research report on Tuesday, August 26th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Salesforce currently has a consensus rating of “Moderate Buy” and an average price target of $325.23.

Insider Buying and Selling at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $241.49, for a total transaction of $543,352.50. Following the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $2,876,525,280.79. This represents a 0.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Blair Kirk acquired 3,400 shares of the firm’s stock in a transaction on Tuesday, September 9th. The stock was purchased at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the completion of 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 disclosure for this purchase can be found here. In the last quarter, insiders sold 76,500 shares of company stock valued at $18,929,903. Corporate insiders own 3.00% of the company’s stock.

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.