Curated Wealth Partners LLC Grows Stock Position in Salesforce Inc. $CRM

Key Points

• Curated Wealth Partners LLC has increased its stock position in Salesforce Inc. by 173.7%, owning 3,556 shares valued at approximately $970,000.
• Salesforce's latest quarterly earnings report exceeded expectations, with $2.91 earnings per share and revenues of $10.24 billion, marking a 9.8% increase from the previous year.
• The company has declared a quarterly dividend of $0.416 per share, representing an annualized dividend yield of 0.7%.

Curated Wealth Partners LLC increased its position in Salesforce Inc. (NYSE:CRM - Free Report) by 173.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,556 shares of the CRM provider's stock after purchasing an additional 2,257 shares during the quarter. Curated Wealth Partners LLC's holdings in Salesforce were worth $970,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Salesforce by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider's stock valued at $23,592,501,000 after buying an additional 1,383,942 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Salesforce by 6.9% during the 1st 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 acquiring an additional 600,386 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Salesforce by 5.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider's stock valued at $2,419,037,000 after acquiring an additional 437,435 shares during the last quarter. Nuveen LLC bought a new position in Salesforce during the 1st quarter valued at $2,039,196,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Salesforce by 4.9% during the 1st 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 acquiring an additional 295,681 shares during the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Salesforce Trading Down 3.6%

Shares of NYSE:CRM opened at $239.87 on Wednesday. The company has a market cap of $228.36 billion, a PE ratio of 34.87, a P/E/G ratio of 2.15 and a beta of 1.19. The company's 50-day moving average price is $244.47 and its 200 day moving average price is $258.36. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. 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 released its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating analysts' consensus estimates of $2.78 by $0.13. The company had revenue of $10.24 billion for the quarter, compared to analysts' expectations of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Sell-side analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were given 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 was Wednesday, September 17th. Salesforce's payout ratio is 24.13%.

Insider Buying and Selling

In related news, CEO Marc Benioff sold 2,250 shares of the business's stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $245.91, for a total transaction of $553,297.50. Following the sale, the chief executive officer owned 11,911,571 shares of the company's stock, valued at $2,929,174,424.61. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 78,750 shares of company stock worth $19,572,233 over the last quarter. 3.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CRM. Royal Bank Of Canada reduced their price target on shares of Salesforce from $275.00 to $250.00 and set a "sector perform" rating on the stock in a research report on Thursday, September 4th. Wall Street Zen raised Salesforce from a "hold" rating to a "buy" rating in a report on Saturday. UBS Group reduced their price objective on Salesforce from $300.00 to $260.00 and set a "neutral" rating on the stock in a research note on Monday, August 18th. JPMorgan Chase & Co. reduced their price objective on Salesforce from $380.00 to $365.00 and set an "overweight" rating on the stock in a research note on Thursday, September 4th. Finally, Needham & Company LLC restated a "buy" rating and issued a $400.00 price target on shares of Salesforce in a research report on Thursday, September 4th. Twenty-five equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $328.22.

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.

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