MassMutual Private Wealth & Trust FSB Purchases 1,483 Shares of Salesforce Inc. $CRM

Key Points

• MassMutual Private Wealth & Trust FSB increased its holdings in Salesforce Inc. by 4.5% during Q2, acquiring an additional 1,483 shares, bringing their total to 34,290 shares valued at $9.35 million.
• Salesforce reported a net margin of 16.87% and a 9.8% year-over-year revenue growth in its latest earnings, with quarterly EPS at $2.91, exceeding estimates.
• The company announced a quarterly dividend of $0.416 per share, which translates to an annualized dividend of $1.66 and a yield of 0.7%.

MassMutual Private Wealth & Trust FSB raised its position in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 4.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,290 shares of the CRM provider's stock after acquiring an additional 1,483 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Salesforce were worth $9,351,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CRM. Nuveen LLC bought a new stake in Salesforce during the first quarter valued at about $2,039,196,000. GAMMA Investing LLC lifted its stake in shares of Salesforce by 30,456.9% in the first quarter. GAMMA Investing LLC now owns 3,801,588 shares of the CRM provider's stock valued at $1,020,194,000 after buying an additional 3,789,147 shares during the period. Longview Partners Guernsey LTD bought a new stake in shares of Salesforce in the first quarter valued at about $467,944,000. Pacer Advisors Inc. lifted its stake in shares of Salesforce by 1,744.0% in the first quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider's stock valued at $488,486,000 after buying an additional 1,721,550 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Salesforce by 1.6% in the first quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider's stock valued at $23,592,501,000 after buying an additional 1,383,942 shares during the period. 80.43% of the stock is currently owned by institutional investors.

Salesforce Stock Performance

Shares of Salesforce stock opened at $242.33 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market cap 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 firm has a 50 day simple moving average of $252.66 and a 200 day simple moving average of $263.90. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $10.24 billion during 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 revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the business 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. Sell-side analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors 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 dividend yield of 0.7%. Salesforce's dividend payout ratio (DPR) is currently 24.13%.

Insider Buying and Selling

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Friday, September 12th. The shares were sold at an average price of $243.91, for a total transaction of $548,797.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company's stock, valued at approximately $2,905,351,282.61. The trade was a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Blair Kirk bought 3,400 shares of the stock in a transaction on Tuesday, September 9th. The shares were acquired at an average cost of $254.66 per share, with a total value of $865,844.00. Following the acquisition, 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 position. The disclosure for this purchase can be found here. In the last three months, insiders sold 72,827 shares of company stock valued at $18,554,576. 3.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Cantor Fitzgerald reiterated an "overweight" rating and issued a $325.00 target price on shares of Salesforce in a research note on Thursday, September 4th. UBS Group reduced their target price on shares of Salesforce from $300.00 to $260.00 and set a "neutral" rating for the company in a research note on Monday, August 18th. Needham & Company LLC reiterated a "buy" rating and issued a $400.00 target price on shares of Salesforce in a research note on Thursday, September 4th. Macquarie reiterated a "neutral" rating and issued a $290.00 target price on shares of Salesforce in a research note on Thursday, September 4th. Finally, Bank of America reduced their target price 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. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Salesforce currently has an average rating of "Moderate Buy" and a consensus target price of $332.58.

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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