MBL Wealth LLC Buys 1,024 Shares of Salesforce Inc. $CRM

Key Points

• MBL Wealth LLC increased its holdings in Salesforce Inc. by 55.2%, acquiring an additional 1,024 shares during the first quarter, bringing their total to 2,880 shares valued at approximately $773,000.
• As of now, 80.43% of Salesforce stock is owned by institutional investors, who have significantly raised their positions in the company during the same quarter.
• Salesforce has announced a quarterly dividend of $0.416 per share, with stockholders receiving this on October 9th, contributing to an annualized yield of 0.7%.

MBL Wealth LLC lifted its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 55.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,880 shares of the CRM provider's stock after buying an additional 1,024 shares during the quarter. MBL Wealth LLC's holdings in Salesforce were worth $773,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Acadian Asset Management LLC raised its stake in shares of Salesforce by 31.6% during the first quarter. Acadian Asset Management LLC now owns 107,844 shares of the CRM provider's stock worth $28,934,000 after buying an additional 25,882 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Salesforce by 23.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 17,520 shares of the CRM provider's stock valued at $4,702,000 after purchasing an additional 3,376 shares during the period. Acorns Advisers LLC grew its position in shares of Salesforce by 27.8% in the 1st quarter. Acorns Advisers LLC now owns 869 shares of the CRM provider's stock valued at $233,000 after purchasing an additional 189 shares during the period. Belpointe Asset Management LLC grew its position in shares of Salesforce by 91.4% in the 1st quarter. Belpointe Asset Management LLC now owns 7,735 shares of the CRM provider's stock valued at $2,077,000 after purchasing an additional 3,694 shares during the period. Finally, Intech Investment Management LLC grew its position in shares of Salesforce by 6.1% in the 1st quarter. Intech Investment Management LLC now owns 305,317 shares of the CRM provider's stock valued at $81,935,000 after purchasing an additional 17,634 shares during the period. 80.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CRM has been the subject of a number of recent research reports. Wells Fargo & Company reduced their price target on Salesforce from $275.00 to $265.00 and set an "equal weight" rating for the company in a research report on Thursday, September 4th. Piper Sandler cut their price objective on Salesforce from $335.00 to $315.00 and set an "overweight" rating for the company in a report on Thursday, September 4th. Mizuho cut their price objective on Salesforce from $425.00 to $380.00 and set an "outperform" rating for the company in a report on Thursday, May 15th. BMO Capital Markets cut their price objective on Salesforce from $335.00 to $280.00 and set an "outperform" rating for the company in a report on Thursday, September 4th. Finally, Macquarie reissued a "neutral" rating and issued a $290.00 price objective on shares of Salesforce in a report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $332.58.

Salesforce Stock Up 0.2%

CRM stock opened at $252.51 on Wednesday. The stock has a market capitalization of $240.39 billion, a price-to-earnings ratio of 36.68, a PEG ratio of 2.30 and a beta of 1.22. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. 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 business's fifty day moving average price is $254.82 and its two-hundred day moving average price is $265.82.

Salesforce (NYSE:CRM - Get Free Report) last released its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.13. The company had revenue of $10.24 billion for 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 quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.56 EPS. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, equities 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 issued a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 17th. Salesforce's dividend payout ratio is 24.13%.

Insider Activity

In other news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $251.12, for a total transaction of $565,020.00. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at approximately $2,991,233,709.52. This represents a 0.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 68,327 shares of company stock worth $17,450,793. Corporate insiders own 3.00% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.