Lyell Wealth Management LP Trims Stock Holdings in Salesforce Inc. $CRM

Key Points

• Lyell Wealth Management LP reduced its holdings in Salesforce Inc. by 2.0% during the second quarter, now owning 64,808 shares worth approximately $17.67 million, making Salesforce its 19th largest holding.
• CEO Marc Benioff sold 2,250 shares of Salesforce stock for over $536,000, decreasing his ownership by 0.02%. Insiders collectively sold 76,500 shares worth nearly $19 million in the last quarter.
• Salesforce recently declared a quarterly dividend of $0.416 per share, resulting in an annualized yield of 0.7% and a payout ratio of 24.13%.

Lyell Wealth Management LP lowered its holdings in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 2.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,808 shares of the CRM provider's stock after selling 1,290 shares during the quarter. Salesforce accounts for 1.4% of Lyell Wealth Management LP's portfolio, making the stock its 19th biggest holding. Lyell Wealth Management LP's holdings in Salesforce were worth $17,672,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stephens Inc. AR lifted its position in shares of Salesforce by 4.0% during the second quarter. Stephens Inc. AR now owns 105,517 shares of the CRM provider's stock worth $28,773,000 after purchasing an additional 4,037 shares during the last quarter. Beverly Hills Private Wealth LLC increased its stake in Salesforce by 2.3% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 1,716 shares of the CRM provider's stock worth $468,000 after buying an additional 39 shares during the period. LMG Wealth Partners LLC lifted its holdings in Salesforce by 4.1% during the 2nd quarter. LMG Wealth Partners LLC now owns 6,364 shares of the CRM provider's stock valued at $1,735,000 after buying an additional 248 shares in the last quarter. Forvis Mazars Wealth Advisors LLC boosted its position in Salesforce by 13.2% in the 2nd quarter. Forvis Mazars Wealth Advisors LLC now owns 1,590 shares of the CRM provider's stock valued at $433,000 after buying an additional 185 shares during the period. Finally, Crux Wealth Advisors boosted its position in Salesforce by 11.6% in the 2nd quarter. Crux Wealth Advisors now owns 4,449 shares of the CRM provider's stock valued at $1,213,000 after buying an additional 461 shares during the period. Hedge funds and other institutional investors own 80.43% of the company's stock.

Insiders Place Their Bets

In other news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $238.37, for a total value of $536,332.50. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at approximately $2,839,361,179.27. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 76,500 shares of company stock worth $18,929,903. 3.00% of the stock is currently owned by insiders.

Salesforce Trading Down 1.1%

NYSE CRM 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 50 day moving average price of $244.38 and a 200 day moving average price of $257.79. 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 cap of $231.59 billion, a PE ratio of 35.36, a price-to-earnings-growth ratio of 2.04 and a beta of 1.19.

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, topping analysts' consensus estimates of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm had revenue of $10.24 billion during the quarter, compared to analysts' expectations of $10.14 billion. During the same quarter last year, the firm earned $2.56 EPS. The business'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, sell-side analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The company 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. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. Salesforce's payout ratio is currently 24.13%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CRM. Wedbush reaffirmed an "outperform" rating and set a $375.00 price target on shares of Salesforce in a research note on Thursday. JPMorgan Chase & Co. reduced their price objective on Salesforce from $380.00 to $365.00 and set an "overweight" rating on the stock in a report on Thursday, September 4th. Robert W. Baird decreased their target price on Salesforce from $365.00 to $325.00 and set an "outperform" rating for the company in a research report on Thursday, September 4th. JMP Securities reissued a "market outperform" rating and set a $430.00 price target on shares of Salesforce in a research report on Friday. Finally, Morgan Stanley raised their price target on Salesforce from $404.00 to $405.00 and gave the company an "overweight" rating in a research note on Tuesday, September 2nd. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $325.23.

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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