AA Financial Advisors LLC Sells 1,093 Shares of Salesforce Inc. $CRM

Key Points

• AA Financial Advisors LLC reduced its stake in Salesforce Inc. by 16.4%, owning 5,582 shares valued at approximately $1.52 million after selling 1,093 shares in the second quarter.
• Salesforce recently declared a quarterly dividend of $0.416 per share, resulting in an annualized dividend of $1.66 and a yield of 0.7%.
• Research analysts have varied ratings for Salesforce, with one analyst assigning a Strong Buy rating while others set target prices ranging from $221 to $430.

AA Financial Advisors LLC reduced its position in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 16.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,582 shares of the CRM provider's stock after selling 1,093 shares during the quarter. AA Financial Advisors LLC's holdings in Salesforce were worth $1,522,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Salesforce by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider's stock worth $23,592,501,000 after acquiring an additional 1,383,942 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Salesforce by 6.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider's stock valued at $2,484,616,000 after buying an additional 600,386 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Salesforce by 5.1% during the first quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider's stock valued at $2,419,037,000 after buying an additional 437,435 shares during the last quarter. Nuveen LLC acquired a new position in shares of Salesforce during the first quarter valued at about $2,039,196,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Salesforce by 4.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,362,035 shares of the CRM provider's stock valued at $1,707,316,000 after buying an additional 295,681 shares during the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CRM has been the subject of a number of research analyst reports. Wells Fargo & Company cut their price objective on shares of Salesforce from $275.00 to $265.00 and set an "equal weight" rating for the company in a research report on Thursday, September 4th. Cantor Fitzgerald reissued an "overweight" rating and issued a $325.00 price target on shares of Salesforce in a research report on Thursday, September 4th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Salesforce from $400.00 to $340.00 and set a "buy" rating for the company in a research report on Thursday, September 4th. Royal Bank Of Canada dropped their price target on shares of Salesforce from $275.00 to $250.00 and set a "sector perform" rating for the company in a research report on Thursday, September 4th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $400.00 price target on shares of Salesforce in a research report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Salesforce currently has a consensus rating of "Moderate Buy" and an average price target of $332.58.

Insiders Place Their Bets

In other Salesforce news, Director David Blair Kirk bought 3,400 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the director owned 3,824 shares in the company, valued at approximately $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the firm's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $245.09, for a total transaction of $551,452.50. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at approximately $2,919,406,936.39. This trade represents a 0.02% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 74,250 shares of company stock worth $18,844,155. 3.00% of the stock is currently owned by company insiders.

Salesforce Trading Down 1.2%

CRM traded down $3.06 during mid-day trading on Tuesday, hitting $246.63. The stock had a trading volume of 3,109,323 shares, compared to its average volume of 7,586,035. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The stock's fifty day simple moving average is $250.58 and its 200-day simple moving average is $262.38. The firm has a market capitalization of $234.79 billion, a price-to-earnings ratio of 35.86, a price-to-earnings-growth ratio of 2.25 and a beta of 1.22.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings data 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 net margin of 16.87% and a return on equity of 13.27%. The business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the business posted $2.56 earnings per share. The firm'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. As a group, research analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

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

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.