Ethic Inc. Has $28.12 Million Holdings in Salesforce Inc. $CRM

Key Points

• Ethic Inc. reduced its stake in Salesforce Inc. by 1.7% in the 2nd quarter, owning 102,834 shares valued at approximately $28.12 million, which is about 0.5% of their investment portfolio.
• Salesforce's stock opened at $260.10, with a market cap of $247.61 billion and a recent earnings report showing a profit of $2.91 per share, exceeding analysts' expectations.
• The company has announced a quarterly dividend of $0.416 per share, contributing to an annualized dividend yield of 0.6% and a payout ratio of 24.13%.

Ethic Inc. reduced its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 1.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,834 shares of the CRM provider's stock after selling 1,831 shares during the period. Salesforce makes up approximately 0.5% of Ethic Inc.'s investment portfolio, making the stock its 23rd biggest position. Ethic Inc.'s holdings in Salesforce were worth $28,117,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Coign Capital Advisors LLC increased its holdings in 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. lifted its stake in Salesforce by 1.1% during the first 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 last quarter. KDT Advisors LLC raised its holdings in shares of Salesforce by 4.1% during the 1st quarter. KDT Advisors LLC now owns 967 shares of the CRM provider's stock worth $260,000 after buying an additional 38 shares in the last quarter. Liberty One Investment Management LLC raised its stake in Salesforce by 1.2% during the first quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider's stock worth $849,000 after acquiring an additional 39 shares in the last quarter. Finally, First Command Advisory Services Inc. grew its holdings in shares of Salesforce by 7.3% during the 1st quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider's stock valued at $154,000 after purchasing an additional 39 shares during the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Stock Down 1.3%

Salesforce stock opened at $260.10 on Wednesday. The firm has a market cap of $247.61 billion, a price-to-earnings ratio of 37.73, a PEG ratio of 2.13 and a beta of 1.19. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a 50 day moving average price of $245.46 and a two-hundred day moving average price of $257.92.

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

Salesforce Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were issued a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Wednesday, September 17th. Salesforce's dividend payout ratio (DPR) is currently 24.13%.

Insider Transactions at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the business's stock in a transaction on Monday, October 20th. The shares were sold at an average price of $252.28, for a total transaction of $567,630.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $3,005,051,131.88. The trade was a 0.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have sold 78,750 shares of company stock valued at $19,448,213. Company insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. UBS Group decreased their target price on shares of Salesforce from $300.00 to $260.00 and set a "neutral" rating on the stock in a research note on Monday, August 18th. Royal Bank Of Canada reduced their price objective on Salesforce from $275.00 to $250.00 and set a "sector perform" rating on the stock in a research report on Thursday, September 4th. Wells Fargo & Company dropped their target price on Salesforce from $275.00 to $265.00 and set an "equal weight" rating for the company in a research report on Thursday, September 4th. Oppenheimer lowered their price objective on Salesforce from $370.00 to $315.00 and set an "outperform" rating for the company in a research note on Tuesday, August 26th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $430.00 price objective on shares of Salesforce in a report on Friday, October 17th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $325.23.

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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