Albion Financial Group UT Acquires 20,145 Shares of Salesforce Inc. $CRM

Key Points

• Albion Financial Group UT increased its holdings in Salesforce Inc. by 82.9% in the 2nd quarter, owning a total of 44,450 shares valued at approximately $12.12 million.
• CEO Marc Benioff sold 2,250 shares for over $553,000, while Director David Blair Kirk significantly increased his stake by acquiring 3,400 shares.
• Salesforce's latest earnings report revealed a net margin of 16.87% and earnings of $2.91 per share, surpassing estimates, with a projected EPS of 7.46 for the current fiscal year.

Albion Financial Group UT grew its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 82.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,450 shares of the CRM provider's stock after acquiring an additional 20,145 shares during the period. Albion Financial Group UT's holdings in Salesforce were worth $12,121,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CRM. Painted Porch Advisors LLC lifted its stake in shares of Salesforce by 260.0% in the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock worth $25,000 after buying an additional 65 shares during the last quarter. Capital A Wealth Management LLC lifted its stake in shares of Salesforce by 450.0% in the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock worth $30,000 after buying an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its stake in shares of Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock worth $30,000 after buying an additional 85 shares during the last quarter. Abound Financial LLC acquired a new stake in shares of Salesforce in the first quarter worth $31,000. Finally, Christopher J. Hasenberg Inc lifted its stake 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 buying an additional 92 shares during the last quarter. 80.43% of the stock is owned by institutional investors.

Insider Transactions at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $245.85, for a total transaction of $553,162.50. Following the sale, the chief executive officer owned 11,911,571 shares of the company's stock, valued at $2,928,459,730.35. 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 shares were bought at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the acquisition, the director owned 3,824 shares in the company, valued at approximately $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 78,750 shares of company stock worth $19,955,745. Insiders own 3.00% of the company's stock.

Salesforce Stock Up 1.1%

CRM opened at $243.58 on Monday. The firm's 50-day simple moving average is $249.32 and its 200-day simple moving average is $261.46. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00. The firm has a market cap of $231.89 billion, a price-to-earnings ratio of 35.40, a PEG ratio of 2.22 and a beta of 1.22.

Salesforce (NYSE:CRM - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the firm earned $2.56 EPS. The firm'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. Equities research analysts anticipate 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. Shareholders of record on Wednesday, September 17th will be issued a dividend of $0.416 per share. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. Salesforce's dividend payout ratio is currently 24.13%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CRM. Sanford C. Bernstein reduced their price objective on shares of Salesforce from $255.00 to $221.00 and set an "underperform" rating for the company in a research note on Thursday, September 4th. Wells Fargo & Company cut their target price on shares of Salesforce from $275.00 to $265.00 and set an "equal weight" rating for the company in a research note on Thursday, September 4th. Erste Group Bank cut shares of Salesforce from a "buy" rating to a "hold" rating in a research note on Thursday, June 5th. UBS Group cut their target price on shares of Salesforce from $300.00 to $260.00 and set a "neutral" rating for the company in a research note on Monday, August 18th. Finally, JMP Securities restated a "market outperform" rating and issued a $430.00 price objective on shares of Salesforce in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Salesforce currently has a consensus rating of "Moderate Buy" and an average price target of $332.58.

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.

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