Dillon & Associates Inc. Has $8.40 Million Holdings in Salesforce Inc. $CRM

Dillon & Associates Inc. grew its holdings in Salesforce Inc. (NYSE:CRM) by 4.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,764 shares of the CRM provider’s stock after purchasing an additional 1,334 shares during the period. Salesforce comprises 1.1% of Dillon & Associates Inc.’s portfolio, making the stock its 26th largest holding. Dillon & Associates Inc.’s holdings in Salesforce were worth $8,399,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Painted Porch Advisors LLC increased its holdings in shares of Salesforce by 260.0% in the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after purchasing an additional 65 shares during the period. Capital A Wealth Management LLC increased its holdings in shares of 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 purchasing an additional 90 shares during the period. CBIZ Investment Advisory Services LLC increased its holdings in shares of Salesforce by 314.8% in 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 during the period. Abound Financial LLC acquired a new position in shares of Salesforce in the 1st quarter valued at about $31,000. Finally, Christopher J. Hasenberg Inc increased its holdings in shares of Salesforce by 383.3% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after purchasing an additional 92 shares during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. DA Davidson reiterated a “neutral” rating and issued a $225.00 target price on shares of Salesforce in a report on Thursday, October 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Salesforce in a research note on Tuesday, October 14th. Canaccord Genuity Group lowered their price target on Salesforce from $350.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, September 4th. Wedbush reissued an “outperform” rating and issued a $375.00 price target on shares of Salesforce in a research note on Thursday, October 16th. Finally, Morgan Stanley boosted their price target on Salesforce from $404.00 to $405.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Salesforce has a consensus rating of “Moderate Buy” and a consensus target price of $325.23.

Insiders Place Their Bets

In related news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $255.30, for a total value of $574,425.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,041,024,076.30. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David Blair Kirk bought 3,400 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was purchased at an average price of $254.66 per share, with a total value of $865,844.00. Following the completion of the purchase, the director directly owned 3,824 shares of the company’s stock, valued at $973,819.84. This represents a 801.89% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold 78,750 shares of company stock valued at $19,385,933 over the last 90 days. 3.00% of the stock is currently owned by corporate insiders.

Salesforce Stock Up 0.4%

Shares of CRM stock opened at $261.32 on Tuesday. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The firm has a market cap of $248.78 billion, a PE ratio of 37.98, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. The stock has a 50 day moving average of $247.79 and a 200-day moving average of $258.25. 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 (NYSE:CRM) last issued its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 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 company had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the company earned $2.56 earnings per share. The company’s quarterly revenue 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, equities analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were paid a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Wednesday, September 17th. Salesforce’s dividend payout ratio is presently 24.13%.

Salesforce 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.