3,245 Shares in Salesforce Inc. $CRM Bought by Turtle Creek Wealth Advisors LLC

Key Points

• Turtle Creek Wealth Advisors LLC purchased 3,245 shares of Salesforce Inc. valued at approximately $885,000, according to its recent SEC filing.
• Salesforce's latest earnings report showed earnings per share of $2.91, beating expectations by $0.13, with quarterly revenue of $10.24 billion, a 9.8% increase year-over-year.
• The company recently declared a quarterly dividend of $0.416 per share, representing an annual yield of 0.7%, with a payout ratio of 24.13%.

Turtle Creek Wealth Advisors LLC acquired a new position in shares of Salesforce Inc. (NYSE:CRM - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,245 shares of the CRM provider's stock, valued at approximately $885,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Diversified Trust Co grew its stake in Salesforce by 30.1% during the 2nd quarter. Diversified Trust Co now owns 27,786 shares of the CRM provider's stock worth $7,577,000 after buying an additional 6,430 shares during the last quarter. Neville Rodie & Shaw Inc. grew its stake in Salesforce by 4.6% during the 2nd quarter. Neville Rodie & Shaw Inc. now owns 59,970 shares of the CRM provider's stock worth $16,353,000 after buying an additional 2,644 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs bought a new position in Salesforce during the 1st quarter worth $9,367,000. Jones Financial Companies Lllp grew its stake in Salesforce by 31.2% during the 1st quarter. Jones Financial Companies Lllp now owns 344,887 shares of the CRM provider's stock worth $93,016,000 after buying an additional 81,916 shares during the last quarter. Finally, Wesbanco Bank Inc. grew its stake in Salesforce by 6.8% during the 2nd quarter. Wesbanco Bank Inc. now owns 110,968 shares of the CRM provider's stock worth $30,260,000 after buying an additional 7,091 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors.

Salesforce Trading Down 1.3%

Shares of CRM stock opened at $236.60 on Thursday. The stock has a 50-day simple moving average of $244.22 and a 200 day simple moving average of $258.21. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The stock has a market capitalization of $225.24 billion, a P/E ratio of 34.39, a P/E/G ratio of 2.07 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 (NYSE:CRM - Get Free Report) last announced its earnings results 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 business had revenue of $10.24 billion during the quarter, compared to analysts' expectations of $10.14 billion. During the same quarter last year, the business posted $2.56 earnings per share. 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. On average, sell-side analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

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

Insider Buying and Selling

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the company's stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $245.91, for a total transaction of $553,297.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at approximately $2,929,174,424.61. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 78,750 shares of company stock worth $19,572,233 over the last ninety days. 3.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CRM shares. Morgan Stanley increased their price target on Salesforce from $404.00 to $405.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 2nd. Wall Street Zen raised Salesforce from a "hold" rating to a "buy" rating in a research note on Saturday, October 11th. UBS Group decreased their price target on Salesforce from $300.00 to $260.00 and set a "neutral" rating for the company in a research note on Monday, August 18th. Stifel Nicolaus decreased their price target on Salesforce from $325.00 to $300.00 and set a "buy" rating for the company in a research note on Thursday, October 9th. Finally, KeyCorp decreased their price target on Salesforce from $440.00 to $400.00 and set an "overweight" rating for the company in a research note on Thursday, September 4th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average 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.

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