Petrus Trust Company LTA Has $48.24 Million Stock Position in Salesforce Inc. $CRM

Key Points

• Petrus Trust Company LTA increased its holdings in Salesforce Inc. (CRM) by 17.9%, owning 179,772 shares valued at approximately $48.24 million, making Salesforce its 7th largest investment.
• CEO Marc Benioff sold 2,250 shares of Salesforce stock for about $578,295, which represents a slight decrease in his overall ownership to about 11.91 million shares.
• Salesforce reported earnings of $2.91 per share for the quarter, exceeding expectations, and declared a quarterly dividend of $0.416 per share, with an ex-dividend date set for September 17th.

Petrus Trust Company LTA increased its holdings in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 17.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 179,772 shares of the CRM provider's stock after acquiring an additional 27,272 shares during the quarter. Salesforce comprises 4.5% of Petrus Trust Company LTA's portfolio, making the stock its 7th biggest holding. Petrus Trust Company LTA's holdings in Salesforce were worth $48,244,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Bernard Wealth Management Corp. acquired a new position in shares of Salesforce during the 4th quarter worth approximately $25,000. Wood Tarver Financial Group LLC acquired a new position in shares of Salesforce during the 4th quarter worth approximately $35,000. Capital A Wealth Management LLC increased its holdings in shares of Salesforce by 450.0% during the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock worth $30,000 after acquiring an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted its stake in Salesforce by 314.8% in 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 period. Finally, Abound Financial LLC bought a new stake in Salesforce in the 1st quarter valued at $31,000. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Price Performance

Shares of CRM stock traded up $6.39 on Friday, hitting $250.40. 13,010,920 shares of the company's stock were exchanged, compared to its average volume of 9,974,317. 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. The stock has a market cap of $238.38 billion, a P/E ratio of 36.40, a price-to-earnings-growth ratio of 2.29 and a beta of 1.22. The company has a 50 day moving average of $255.64 and a 200 day moving average of $266.32.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the company earned $2.56 EPS. Salesforce's revenue for the quarter 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. On average, equities research analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be given 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 is Wednesday, September 17th. Salesforce's dividend payout ratio is currently 24.13%.

Analyst Ratings Changes

Several research firms recently issued reports on CRM. Piper Sandler reduced their price target on Salesforce from $335.00 to $315.00 and set an "overweight" rating for the company in a research note on Thursday. BMO Capital Markets reduced their price target on Salesforce from $335.00 to $280.00 and set an "outperform" rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft reduced their price target on Salesforce from $400.00 to $340.00 and set a "buy" rating for the company in a research note on Thursday. 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 note on Thursday. Finally, Barclays reduced their price target on Salesforce from $347.00 to $316.00 and set an "overweight" rating for the company in a research note on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have assigned a Hold rating and one has given 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 $331.34.

Insider Buying and Selling at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $241.50, for a total value of $543,375.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,876,644,396.50. This trade represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders sold 66,077 shares of company stock worth $16,885,773. 3.00% of the stock is owned by corporate insiders.

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.