Angeles Wealth Management LLC Buys 1,235 Shares of Salesforce Inc. $CRM

Key Points

• Angeles Wealth Management LLC increased its holdings in Salesforce Inc. by 29.9% during the second quarter, owning a total of 5,363 shares valued at $1,462,000.
• CEO Marc Benioff sold 2,250 shares of Salesforce for $536,332.50, resulting in a 0.02% decrease of his position in the company.
• Salesforce declared a quarterly dividend of $0.416 per share, with an annualized dividend yield of 0.7% and a payout ratio of 24.13%.

Angeles Wealth Management LLC increased its holdings in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 29.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,363 shares of the CRM provider's stock after purchasing an additional 1,235 shares during the quarter. Angeles Wealth Management LLC's holdings in Salesforce were worth $1,462,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of CRM. Nuveen LLC bought a new stake in Salesforce during the 1st quarter worth approximately $2,039,196,000. Longview Partners Guernsey LTD bought a new stake in Salesforce during the 1st quarter worth approximately $467,944,000. Pacer Advisors Inc. increased its stake in Salesforce by 1,744.0% during the 1st quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider's stock worth $488,486,000 after purchasing an additional 1,721,550 shares in the last quarter. Vanguard Group Inc. increased its stake 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 purchasing an additional 1,383,942 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. bought a new stake in Salesforce during the 1st quarter worth approximately $345,100,000. 80.43% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $238.37, for a total value of $536,332.50. Following the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,839,361,179.27. This represents a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 78,750 shares of company stock valued at $19,521,495. 3.00% of the stock is currently owned by corporate insiders.

Salesforce Trading Up 3.6%

NYSE CRM opened at $245.09 on Friday. The company has a market cap of $233.33 billion, a PE ratio of 35.62, a PEG ratio of 2.04 and a beta of 1.19. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The stock has a 50 day moving average of $244.31 and a 200-day moving average of $258.05.

Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating the consensus estimate of $2.78 by $0.13. The company had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.56 EPS. 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 research analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently declared 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 yield of 0.7%. The ex-dividend date was Wednesday, September 17th. Salesforce's dividend payout ratio is 24.13%.

Wall Street Analysts Forecast Growth

CRM has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their target price on Salesforce from $380.00 to $365.00 and set an "overweight" rating for the company in a research note on Thursday, September 4th. Piper Sandler reaffirmed an "overweight" rating and set a $315.00 price target on shares of Salesforce in a research report on Thursday. Royal Bank Of Canada reduced their price target on Salesforce from $275.00 to $250.00 and set a "sector perform" rating for the company in a research report on Thursday, September 4th. Robert W. Baird reduced their price target on Salesforce from $365.00 to $325.00 and set an "outperform" rating for the company in a research report on Thursday, September 4th. Finally, Stifel Nicolaus reduced their price target on Salesforce from $325.00 to $300.00 and set a "buy" rating for the company in a research report on Thursday, October 9th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $325.23.

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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