Jones Financial Companies Lllp Acquires 81,916 Shares of Salesforce Inc. $CRM

Key Points

• Jones Financial Companies Lllp increased its stake in Salesforce Inc. by 31.2% in Q1, owning 344,887 shares valued at approximately $93 million.
• Salesforce announced a quarterly dividend of $0.416 per share, which will be paid on October 9th, reflecting an annual yield of 0.7%.
• Recent analyst ratings show a range of price targets for Salesforce, with Morgan Stanley increasing its target to $405, while others have set targets between $300 and $396.

Jones Financial Companies Lllp raised its holdings in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 31.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 344,887 shares of the CRM provider's stock after acquiring an additional 81,916 shares during the quarter. Jones Financial Companies Lllp's holdings in Salesforce were worth $93,016,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Brighton Jones LLC grew its stake in shares of Salesforce by 13.7% in the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider's stock valued at $8,582,000 after buying an additional 3,102 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Salesforce by 12.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider's stock valued at $611,000 after buying an additional 205 shares in the last quarter. Bison Wealth LLC grew its stake in shares of Salesforce by 9.0% in the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider's stock valued at $747,000 after buying an additional 184 shares in the last quarter. Silvercrest Asset Management Group LLC grew its stake in shares of Salesforce by 584.8% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 12,025 shares of the CRM provider's stock valued at $4,020,000 after buying an additional 10,269 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC bought a new stake in shares of Salesforce in the 4th quarter valued at approximately $268,000. Hedge funds and other institutional investors own 80.43% of the company's stock.

Insiders Place Their Bets

In related news, CEO Marc Benioff sold 2,250 shares of the company's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $257.02, for a total value of $578,295.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,061,511,978.42. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David Blair Kirk bought 3,400 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The stock was purchased at an average price of $254.66 per share, with a total value of $865,844.00. Following the completion of the purchase, the director directly owned 3,824 shares of the company's stock, valued at $973,819.84. This represents a 801.89% increase in their position. The disclosure for this purchase can be found here. Insiders sold 72,827 shares of company stock valued at $18,554,576 over the last 90 days. 3.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. BMO Capital Markets lowered their price target on Salesforce from $335.00 to $280.00 and set an "outperform" rating for the company in a research note on Thursday, September 4th. Needham & Company LLC reaffirmed a "buy" rating and set a $400.00 target price on shares of Salesforce in a research report on Thursday, September 4th. 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 research report on Thursday, September 4th. Westpark Capital reaffirmed a "buy" rating and set a $320.00 target price on shares of Salesforce in a research report on Wednesday, May 28th. Finally, Oppenheimer decreased their target price on Salesforce from $370.00 to $315.00 and set an "outperform" rating for the company in a research report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $332.58.

Salesforce Stock Performance

Shares of CRM stock traded down $0.43 during trading hours on Monday, reaching $242.33. 7,191,474 shares of the company's stock were exchanged, compared to its average volume of 7,557,481. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The stock has a market capitalization of $230.70 billion, a P/E ratio of 35.22, a P/E/G ratio of 2.21 and a beta of 1.22. The business has a fifty day moving average price of $253.21 and a 200-day moving average price of $264.29. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14.

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

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be paid 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 is Wednesday, September 17th. Salesforce's dividend payout ratio is presently 24.13%.

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.