Diversified Trust Co Acquires 6,430 Shares of Salesforce Inc. $CRM

Key Points

• Diversified Trust Co. increased its stake in Salesforce Inc. by 30.1%, owning 27,786 shares worth approximately $7.58 million after acquiring 6,430 additional shares in the second quarter.
• Salesforce reported earnings of $2.91 per share, exceeding estimates, with revenue for the quarter at $10.24 billion, up 9.8% from the previous year.
• Recent analyst ratings on Salesforce reflect a consensus rating of "Moderate Buy", with price targets ranging from $300 to $440.

Diversified Trust Co increased its holdings in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 30.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,786 shares of the CRM provider's stock after buying an additional 6,430 shares during the quarter. Diversified Trust Co's holdings in Salesforce were worth $7,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CRM. Coign Capital Advisors LLC lifted its holdings in shares of Salesforce by 1.7% in the 1st quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider's stock valued at $586,000 after buying an additional 37 shares during the period. Staley Capital Advisers Inc. raised its holdings in Salesforce by 1.1% in the 1st quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider's stock worth $897,000 after purchasing an additional 38 shares during the period. KDT Advisors LLC raised its holdings in Salesforce by 4.1% in the 1st quarter. KDT Advisors LLC now owns 967 shares of the CRM provider's stock worth $260,000 after purchasing an additional 38 shares during the period. Liberty One Investment Management LLC raised its holdings in shares of Salesforce by 1.2% during the first quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider's stock valued at $849,000 after acquiring an additional 39 shares during the last quarter. Finally, First Command Advisory Services Inc. raised its holdings in shares of Salesforce by 7.3% during the first quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider's stock valued at $154,000 after acquiring an additional 39 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company's stock.

Salesforce Stock Performance

NYSE CRM traded down $2.34 during trading hours on Tuesday, reaching $247.35. The company's stock had a trading volume of 2,549,013 shares, compared to its average volume of 7,582,473. The business has a 50-day simple moving average of $250.58 and a 200 day simple moving average of $262.38. The stock has a market cap of $235.48 billion, a PE ratio of 36.01, a PEG ratio of 2.25 and a beta of 1.22. 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 52 week low of $226.48 and a 52 week high of $369.00.

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

Salesforce Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be given a $0.416 dividend. The ex-dividend date is Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. Salesforce's payout ratio is 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 that occurred on Friday, July 25th. The shares were sold at an average price of $269.38, for a total value of $606,105.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company's stock, valued at approximately $3,208,738,995.98. This represents 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 accessible through the SEC website. Also, Director David Blair Kirk bought 3,400 shares of the stock in a transaction on Tuesday, September 9th. The stock was purchased at an average cost of $254.66 per share, with a total value of $865,844.00. Following the purchase, the director directly owned 3,824 shares of the company's stock, valued at approximately $973,819.84. This represents a 801.89% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 74,250 shares of company stock worth $18,844,155 over the last quarter. 3.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Roth Capital reaffirmed a "buy" rating and issued a $395.00 price target on shares of Salesforce in a report on Thursday, September 4th. Stifel Nicolaus lowered their price objective on Salesforce from $375.00 to $325.00 and set a "buy" rating for the company in a research report on Wednesday, August 13th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $325.00 price objective on shares of Salesforce in a research report on Thursday, September 4th. Robert W. Baird lowered 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, Royal Bank Of Canada decreased their target price on Salesforce from $275.00 to $250.00 and set a "sector perform" rating for the company in a 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 issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Salesforce has an average rating of "Moderate Buy" and an average target price of $332.58.

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.