Lbp Am Sa Lowers Position in Salesforce Inc. $CRM

Key Points

• Lbp Am Sa has reduced its stake in Salesforce Inc. by 11.8%, now holding approximately 208,220 shares worth about $56.78 million.
• Salesforce reported earnings of $2.91 per share, exceeding expectations of $2.78, and achieved revenue of $10.24 billion, reflecting a 9.8% year-over-year increase.
• The company recently announced a quarterly dividend of $0.416 per share, with an ex-dividend date on September 17, indicating a 0.7% yield for shareholders.

Lbp Am Sa trimmed its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 11.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 208,220 shares of the CRM provider's stock after selling 27,858 shares during the quarter. Salesforce comprises 0.8% of Lbp Am Sa's portfolio, making the stock its 25th largest position. Lbp Am Sa's holdings in Salesforce were worth $56,780,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Painted Porch Advisors LLC grew its holdings in Salesforce by 260.0% in the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock valued at $25,000 after purchasing an additional 65 shares during the period. Capital A Wealth Management LLC grew its holdings in Salesforce by 450.0% in the first 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 period. CBIZ Investment Advisory Services LLC grew its holdings in Salesforce by 314.8% in the first 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 period. Abound Financial LLC purchased a new stake in Salesforce in the first quarter valued at approximately $31,000. Finally, Christopher J. Hasenberg Inc grew its holdings in Salesforce by 383.3% in the second 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 period. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on CRM. Robert W. Baird decreased their price objective on shares of Salesforce from $365.00 to $325.00 and set an "outperform" rating for the company in a research note on Thursday, September 4th. Needham & Company LLC reiterated a "buy" rating and set a $400.00 price objective on shares of Salesforce in a research note on Thursday, September 4th. Bank of America decreased their price objective on shares of Salesforce from $350.00 to $325.00 and set a "buy" rating for the company in a research note on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Salesforce from $400.00 to $340.00 and set a "buy" rating for the company in a research note on Thursday, September 4th. Finally, BMO Capital Markets decreased their price objective on shares of Salesforce from $335.00 to $280.00 and set an "outperform" rating for the company in a research note 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 issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $332.58.

Salesforce Trading Down 3.3%

CRM opened at $236.92 on Wednesday. The stock has a market capitalization of $225.55 billion, a PE ratio of 34.44, a P/E/G ratio of 2.23 and a beta of 1.22. The firm's fifty day moving average price is $248.44 and its 200 day moving average price is $261.05. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. 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 posted its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm had revenue of $10.24 billion for the quarter, compared to analysts' expectations of $10.14 billion. During the same period in the prior year, the company posted $2.56 earnings per share. The firm's quarterly revenue was up 9.8% on a year-over-year basis. 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, research analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal 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 paid a dividend of $0.416 per share. The ex-dividend date is Wednesday, September 17th. This represents a $1.66 annualized dividend and a yield of 0.7%. Salesforce's payout ratio is presently 24.13%.

Insider Buying and Selling at Salesforce

In other Salesforce news, Director David Blair Kirk bought 3,400 shares of the stock in a transaction on Tuesday, September 9th. The stock was purchased at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the purchase, the director directly owned 3,824 shares in the company, valued at approximately $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the company's stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $244.53, for a total transaction of $550,192.50. Following the transaction, the chief executive officer owned 11,911,571 shares of the company's stock, valued at $2,912,736,456.63. This represents a 0.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 81,000 shares of company stock valued at $20,439,405. 3.00% of the stock is owned by insiders.

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.

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