Focused Wealth Management Inc Reduces Position in Salesforce Inc. $CRM

Key Points

• Focused Wealth Management Inc reduced its stake in Salesforce Inc. by 51.0% to hold 966 shares, valued at approximately $263,000, according to its latest SEC filing.
• Multiple institutional investors, including Vanguard Group Inc. and Goldman Sachs Group Inc., have increased their positions in Salesforce during the first quarter, reflecting ongoing interest in the stock.
• Salesforce recently reported better-than-expected quarterly earnings, with $2.91 EPS and revenue of $10.24 billion, contributing to a forecasted FY 2026 EPS of 11.330-11.370.

Focused Wealth Management Inc trimmed its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 51.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 966 shares of the CRM provider's stock after selling 1,006 shares during the quarter. Focused Wealth Management Inc's holdings in Salesforce were worth $263,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CRM. Vanguard Group Inc. increased its stake in shares of Salesforce by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider's stock worth $23,592,501,000 after acquiring an additional 1,383,942 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Salesforce by 6.9% in the first 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 purchasing an additional 600,386 shares during the period. Goldman Sachs Group Inc. increased its position in Salesforce by 5.1% during the first quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider's stock worth $2,419,037,000 after purchasing an additional 437,435 shares during the last quarter. Nuveen LLC acquired a new position in Salesforce in the 1st quarter valued at about $2,039,196,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Salesforce by 4.9% in 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 purchasing an additional 295,681 shares during 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 other news, CEO Marc Benioff sold 2,250 shares of the company's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $245.09, for a total transaction of $551,452.50. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at $2,919,406,936.39. This represents a 0.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David Blair Kirk acquired 3,400 shares of Salesforce stock in a transaction that occurred on Tuesday, September 9th. The stock was bought at an average price 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 trade represents a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 74,250 shares of company stock worth $18,844,155 over the last 90 days. Insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

CRM has been the topic of several analyst reports. Citigroup lifted their price target on shares of Salesforce from $275.00 to $276.00 and gave the company a "neutral" rating in a research report on Tuesday, September 9th. Northland Securities reduced their target price on Salesforce from $423.00 to $396.00 and set an "outperform" rating on the stock in a research report on Thursday, May 29th. Roth Capital reiterated a "buy" rating and set a $395.00 price target on shares of Salesforce in a report on Thursday, September 4th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Salesforce from $400.00 to $340.00 and set a "buy" rating on the stock in a report on Thursday, September 4th. Finally, Stifel Nicolaus lowered their target price on shares of Salesforce from $375.00 to $325.00 and set a "buy" rating for the company in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $332.58.

Salesforce Stock Performance

Shares of CRM stock opened at $249.64 on Tuesday. The stock's 50-day moving average price is $250.58 and its 200 day moving average price is $262.38. 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 stock has a market capitalization of $237.66 billion, a PE ratio of 36.28, a price-to-earnings-growth ratio of 2.25 and a beta of 1.22. 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 data 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 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%. Salesforce's quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the firm posted $2.56 EPS. 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, equities research analysts forecast that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be issued a $0.416 dividend. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. Salesforce's dividend payout ratio (DPR) is 24.13%.

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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