RFG Advisory LLC Purchases 2,400 Shares of Salesforce Inc. $CRM

Key Points

• RFG Advisory LLC increased its stake in Salesforce Inc. by 18.2%, acquiring an additional 2,400 shares, bringing its total holdings to 15,602 shares valued at $4.25 million.
• Salesforce recently reported a quarterly earnings per share of $2.91, surpassing analysts' expectations of $2.78, and achieved a quarterly revenue of $10.24 billion.
• The company declared a quarterly dividend of $0.416, resulting in an annualized yield of 0.7%, with a dividend payout ratio of 24.13%.

RFG Advisory LLC lifted its position in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 18.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,602 shares of the CRM provider's stock after purchasing an additional 2,400 shares during the quarter. RFG Advisory LLC's holdings in Salesforce were worth $4,254,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Painted Porch Advisors LLC lifted its position in Salesforce by 260.0% in the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock valued at $25,000 after acquiring an additional 65 shares in the last quarter. Capital A Wealth Management LLC lifted its position in Salesforce by 450.0% in the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock valued at $30,000 after acquiring an additional 90 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its position 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 acquiring an additional 85 shares in the last quarter. Abound Financial LLC bought a new stake in Salesforce in the 1st quarter valued at $31,000. Finally, Christopher J. Hasenberg Inc lifted its position in Salesforce by 383.3% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider's stock valued at $32,000 after acquiring an additional 92 shares in the last quarter. 80.43% of the stock is owned by institutional investors.

Salesforce Stock Down 3.6%

Salesforce stock opened at $239.87 on Wednesday. The firm has a market capitalization of $228.36 billion, a PE ratio of 34.87, a P/E/G ratio of 2.15 and a beta of 1.19. The company's 50-day moving average is $244.47 and its 200-day moving average is $258.36. 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.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating analysts' consensus estimates of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the prior year, the business earned $2.56 EPS. Salesforce'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. Sell-side analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were paid a $0.416 dividend. The ex-dividend date was Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. Salesforce's dividend payout ratio is 24.13%.

Analyst Upgrades and Downgrades

CRM has been the topic of several research reports. JPMorgan Chase & Co. cut their price objective on shares of Salesforce from $380.00 to $365.00 and set an "overweight" rating on the stock in a research report on Thursday, September 4th. Wells Fargo & Company cut their price objective on shares of Salesforce from $275.00 to $265.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 4th. Oppenheimer cut their price objective on shares of Salesforce from $370.00 to $315.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 26th. Roth Capital reiterated a "buy" rating and issued a $395.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Finally, Macquarie reiterated a "neutral" rating and issued a $290.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Twenty-five investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $328.22.

Insider Transactions at Salesforce

In related news, Director David Blair Kirk purchased 3,400 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The shares were acquired at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the purchase, the director owned 3,824 shares in the company, valued at approximately $973,819.84. This represents a 801.89% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the company's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $236.45, for a total transaction of $532,012.50. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,816,490,962.95. This trade represents a 0.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 78,750 shares of company stock worth $19,572,233. 3.00% of the stock is owned by company insiders.

About Salesforce

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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