FLC Capital Advisors Raises Stock Holdings in Salesforce Inc. $CRM

Key Points

• FLC Capital Advisors increased its stock holdings in Salesforce Inc. by 54.7% in the second quarter, resulting in ownership of 5,723 shares valued at approximately $1.56 million.
• Salesforce reported $10.24 billion in revenue for the last quarter, surpassing analysts' expectations, and its earnings per share of $2.91 beat consensus estimates by $0.13.
• Salesforce's annualized dividend yield is 0.7% following the declaration of a quarterly dividend of $0.416 per share, with a payout ratio of 24.13%.

FLC Capital Advisors boosted its holdings in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 54.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,723 shares of the CRM provider's stock after purchasing an additional 2,023 shares during the quarter. FLC Capital Advisors' holdings in Salesforce were worth $1,561,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CRM. Painted Porch Advisors LLC increased its position in shares of Salesforce by 260.0% in the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock worth $25,000 after purchasing an additional 65 shares during the last quarter. Capital A Wealth Management LLC lifted its position in shares of Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock worth $30,000 after purchasing an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its stake in Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock worth $30,000 after purchasing an additional 85 shares in the last quarter. Abound Financial LLC bought a new stake in Salesforce in the first quarter valued at about $31,000. Finally, Christopher J. Hasenberg Inc raised its stake in Salesforce by 383.3% during the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider's stock valued at $32,000 after buying an additional 92 shares in the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $241.49, for a total value of $543,352.50. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $2,876,525,280.79. This represents a 0.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David Blair Kirk purchased 3,400 shares of the company's stock in a transaction on Tuesday, September 9th. The shares were bought at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the transaction, the director directly owned 3,824 shares in the company, valued at $973,819.84. This represents a 801.89% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders sold 76,500 shares of company stock valued at $18,929,903. Company insiders own 3.00% of the company's stock.

Salesforce Trading Down 1.1%

Salesforce stock opened at $243.27 on Monday. Salesforce Inc. has a 52-week low of $226.48 and a 52-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. The firm has a market capitalization of $231.59 billion, a price-to-earnings ratio of 35.36, a PEG ratio of 2.04 and a beta of 1.19. The firm has a 50-day moving average price of $244.38 and a two-hundred day moving average price of $257.79.

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 expect that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Salesforce from $400.00 to $340.00 and set a "buy" rating for the company in a research report on Thursday, September 4th. DA Davidson reaffirmed a "neutral" rating and issued a $225.00 price objective on shares of Salesforce in a report on Thursday. Cantor Fitzgerald reiterated an "overweight" rating and set a $325.00 target price on shares of Salesforce in a research note on Thursday. Wells Fargo & Company reduced their price target on shares of Salesforce from $275.00 to $265.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 4th. Finally, Sanford C. Bernstein decreased their price target on shares of Salesforce from $255.00 to $221.00 and set an "underperform" rating for the company in a report on Thursday, September 4th. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average 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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