Fiduciary Family Office LLC Has $892,000 Stock Holdings in Salesforce Inc. $CRM

Key Points

• Fiduciary Family Office LLC reduced its stake in Salesforce Inc. by 38.2%, holding $892,000 worth of shares after selling 2,020 shares in the second quarter.
• Salesforce reported $2.91 earnings per share (EPS) for the last quarter, exceeding estimates and showing a 9.8% revenue increase compared to the previous year.
• The company declared a quarterly dividend of $0.416, with an annualized yield of 0.7%, reflecting a payout ratio of 24.13%.

Fiduciary Family Office LLC trimmed its holdings in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 38.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,270 shares of the CRM provider's stock after selling 2,020 shares during the period. Fiduciary Family Office LLC's holdings in Salesforce were worth $892,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Diversified Trust Co boosted its stake in shares of Salesforce by 30.1% during the 2nd quarter. Diversified Trust Co now owns 27,786 shares of the CRM provider's stock worth $7,577,000 after buying an additional 6,430 shares during the last quarter. Neville Rodie & Shaw Inc. lifted its stake in Salesforce by 4.6% in the 2nd quarter. Neville Rodie & Shaw Inc. now owns 59,970 shares of the CRM provider's stock valued at $16,353,000 after purchasing an additional 2,644 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs acquired a new stake in Salesforce in the 1st quarter valued at about $9,367,000. Jones Financial Companies Lllp lifted its stake in Salesforce by 31.2% in the 1st quarter. Jones Financial Companies Lllp now owns 344,887 shares of the CRM provider's stock valued at $93,016,000 after purchasing an additional 81,916 shares during the last quarter. Finally, Wesbanco Bank Inc. lifted its stake in Salesforce by 6.8% in the 2nd quarter. Wesbanco Bank Inc. now owns 110,968 shares of the CRM provider's stock valued at $30,260,000 after purchasing an additional 7,091 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Salesforce Trading Up 4.6%

Shares of CRM stock opened at $254.31 on Tuesday. The firm has a 50 day moving average price of $244.81 and a two-hundred day moving average price of $257.89. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $242.10 billion, a PE ratio of 36.96, a price-to-earnings-growth ratio of 2.04 and a beta of 1.19. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings data 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 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%. The business's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last 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. As a group, analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were given a $0.416 dividend. 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 presently 24.13%.

Insider Buying and Selling at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction that occurred on Friday, October 17th. The shares were sold at an average price of $244.64, for a total value of $550,440.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,914,046,729.44. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 78,750 shares of company stock valued at $19,480,343 in the last three months. 3.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CRM has been the subject of several recent analyst reports. Piper Sandler reiterated an "overweight" rating and issued a $315.00 target price on shares of Salesforce in a research note on Thursday, October 16th. Roth Capital reiterated a "buy" rating and issued a $395.00 target price on shares of Salesforce in a research note on Thursday, September 4th. KeyCorp cut their target price on shares of Salesforce from $440.00 to $400.00 and set an "overweight" rating for the company in a research note on Thursday, September 4th. Morgan Stanley raised their target price on shares of Salesforce from $404.00 to $405.00 and gave the company an "overweight" rating in a research note on Tuesday, September 2nd. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $400.00 target price on shares of Salesforce in a research note on Thursday, October 16th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $325.23.

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.

Want to see what other hedge funds are holding CRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Salesforce Inc. (NYSE:CRM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.