Kingstone Capital Partners Texas LLC Invests $33.92 Million in Salesforce Inc. $CRM

Key Points

• Kingstone Capital Partners Texas LLC has invested approximately $33.92 million in Salesforce Inc., acquiring 134,809 shares during the second quarter.
• Salesforce recently announced a quarterly dividend of $0.416 per share, which will be paid to shareholders of record on September 17th, translating to an annualized dividend of $1.66.
• Salesforce reported a Q2 EPS of $2.91, beating analysts' estimates, along with a 9.8% year-over-year increase in revenue to $10.24 billion.

Kingstone Capital Partners Texas LLC bought a new position in Salesforce Inc. (NYSE:CRM - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 134,809 shares of the CRM provider's stock, valued at approximately $33,921,000.

A number of other large investors have also recently made changes to their positions in CRM. Bernard Wealth Management Corp. bought a new position in Salesforce during the 4th quarter valued at about $25,000. Capital A Wealth Management LLC grew its holdings in Salesforce by 450.0% during the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock valued at $30,000 after purchasing an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its holdings in Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock valued at $30,000 after purchasing an additional 85 shares during the last quarter. Abound Financial LLC bought a new position in Salesforce during the 1st quarter valued at about $31,000. Finally, Christopher J. Hasenberg Inc grew its holdings in Salesforce by 383.3% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider's stock valued at $32,000 after purchasing an additional 92 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors.

Salesforce Price Performance

Shares of CRM stock traded down $2.15 during mid-day trading on Tuesday, hitting $247.54. 2,549,013 shares of the stock were exchanged, compared to its average volume of 7,582,473. The firm has a fifty day moving average of $250.58 and a 200 day moving average of $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. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00. The company has a market cap of $235.65 billion, a PE ratio of 36.01, a price-to-earnings-growth ratio of 2.25 and a beta of 1.22.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings data 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 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 was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business 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. Research analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts recently commented on CRM shares. Cantor Fitzgerald reiterated an "overweight" rating and set a $325.00 price target on shares of Salesforce in a report on Thursday, September 4th. DA Davidson raised shares of Salesforce from an "underperform" rating to a "neutral" rating and set a $225.00 price objective for the company in a research report on Friday, August 15th. Erste Group Bank cut shares of Salesforce from a "buy" rating to a "hold" rating in a research report on Thursday, June 5th. JPMorgan Chase & Co. lowered their price objective on shares of Salesforce from $380.00 to $365.00 and set an "overweight" rating for the company in a research report on Thursday, September 4th. Finally, Roth Capital reissued a "buy" rating and issued a $395.00 price objective on shares of Salesforce in a research report on Thursday, September 4th. One equities research 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $332.58.

Insider Activity

In other Salesforce news, Director David Blair Kirk acquired 3,400 shares of the company's 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 owned 3,824 shares in the company, valued at approximately $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the firm's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $245.09, for a total transaction of $551,452.50. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at $2,919,406,936.39. This trade represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 74,250 shares of company stock worth $18,844,155. Company insiders own 3.00% of the company's stock.

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.