Lyell Wealth Management LP Lowers Holdings in Salesforce Inc. $CRM

Lyell Wealth Management LP reduced its stake in shares of Salesforce Inc. (NYSE:CRM) by 2.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 64,808 shares of the CRM provider’s stock after selling 1,290 shares during the quarter. Salesforce comprises approximately 1.4% of Lyell Wealth Management LP’s holdings, making the stock its 19th biggest position. Lyell Wealth Management LP’s holdings in Salesforce were worth $17,672,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CRM. Painted Porch Advisors LLC lifted 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 valued at $25,000 after acquiring an additional 65 shares during the period. Capital A Wealth Management LLC grew its stake in shares of Salesforce by 450.0% during the 1st 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 increased its holdings in shares of Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 85 shares in the last quarter. Abound Financial LLC acquired a new position in shares of Salesforce in the 1st quarter valued at $31,000. Finally, Christopher J. Hasenberg Inc boosted its holdings in 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 buying an additional 92 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insider Activity

In related news, CEO Marc Benioff sold 2,250 shares of the business’s 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 transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,876,525,280.79. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David Blair Kirk acquired 3,400 shares of the business’s stock in a transaction on Tuesday, September 9th. The stock was acquired at an average price of $254.66 per share, with a total value of $865,844.00. Following the acquisition, the director owned 3,824 shares in the company, valued at $973,819.84. The trade was a 801.89% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders sold 76,500 shares of company stock worth $18,929,903. Insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CRM shares. Barclays cut their price objective on shares of Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a report on Monday, August 18th. Roth Capital restated a “buy” rating and issued a $395.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Needham & Company LLC reiterated a “buy” rating and set a $400.00 price target on shares of Salesforce in a research report on Thursday. Northland Capmk lowered Salesforce from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 14th. Finally, UBS Group reduced their target price on Salesforce from $300.00 to $260.00 and set a “neutral” rating for the company in a research note on Monday, August 18th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $325.23.

Salesforce Price Performance

Shares of Salesforce stock opened at $243.27 on Monday. The business has a 50 day simple moving average of $244.38 and a two-hundred day simple moving average of $257.79. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The stock has a market capitalization of $231.59 billion, a P/E ratio of 35.36, a PEG ratio of 2.04 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the company posted $2.56 earnings per share. The business’s 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. As a group, analysts predict that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The firm also recently announced 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 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.