Salesforce Inc. $CRM Shares Purchased by Occidental Asset Management LLC

Key Points

• Occidental Asset Management LLC increased its stake in Salesforce Inc. by 20.2% in the second quarter, acquiring an additional 2,395 shares, bringing its total holdings to 14,246 shares valued at approximately $3.885 million.
• Salesforce reported a quarterly earnings per share (EPS) of $2.91, exceeding analyst estimates of $2.78, and reported revenue of $10.24 billion, which was above expectations.
• The company has declared a quarterly dividend of $0.416 per share, set to be paid on October 9th, representing an annualized dividend yield of 0.7%.

Occidental Asset Management LLC increased its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 20.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,246 shares of the CRM provider's stock after acquiring an additional 2,395 shares during the quarter. Occidental Asset Management LLC's holdings in Salesforce were worth $3,885,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CHICAGO TRUST Co NA increased its holdings in Salesforce by 5.9% in the 2nd quarter. CHICAGO TRUST Co NA now owns 7,230 shares of the CRM provider's stock worth $1,972,000 after acquiring an additional 406 shares in the last quarter. Opal Wealth Advisors LLC increased its holdings in Salesforce by 11.6% in the 2nd quarter. Opal Wealth Advisors LLC now owns 1,302 shares of the CRM provider's stock worth $355,000 after acquiring an additional 135 shares in the last quarter. Gries Financial LLC increased its holdings in Salesforce by 4.7% in the 2nd quarter. Gries Financial LLC now owns 1,713 shares of the CRM provider's stock worth $467,000 after acquiring an additional 77 shares in the last quarter. Golden State Equity Partners increased its holdings in Salesforce by 8.0% in the 2nd quarter. Golden State Equity Partners now owns 22,528 shares of the CRM provider's stock worth $6,143,000 after acquiring an additional 1,668 shares in the last quarter. Finally, Lederer & Associates Investment Counsel CA purchased a new stake in Salesforce in the 2nd quarter worth $991,000. Hedge funds and other institutional investors own 80.43% of the company's stock.

Insider Buying and Selling

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 stock was purchased at an average cost of $254.66 per share, with a total value of $865,844.00. Following the completion of the acquisition, the director directly owned 3,824 shares in the company, valued at $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $269.38, for a total value of $606,105.00. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at approximately $3,208,738,995.98. This represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 74,250 shares of company stock worth $18,844,155. Insiders own 3.00% of the company's stock.

Salesforce Stock Up 1.0%

Shares of NYSE:CRM opened at $249.64 on Tuesday. The firm's 50 day moving average price is $250.58 and its 200 day moving average price is $262.38. The stock has a market cap of $237.66 billion, a price-to-earnings ratio of 36.28, a price-to-earnings-growth ratio of 2.25 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 quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14.

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 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 net margin of 16.87% and a return on equity of 13.27%. The firm's revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm 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. As a group, equities research analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be given a dividend of $0.416 per share. The ex-dividend date 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 24.13%.

Analyst Ratings Changes

Several brokerages recently commented on CRM. Piper Sandler cut their price target on shares of Salesforce from $335.00 to $315.00 and set an "overweight" rating for the company in a report on Thursday, September 4th. Canaccord Genuity Group dropped their target price on shares of Salesforce from $350.00 to $300.00 and set a "buy" rating for the company in a report on Thursday, September 4th. Macquarie reaffirmed a "neutral" rating and set a $290.00 target price on shares of Salesforce in a report on Thursday, September 4th. Roth Capital reaffirmed a "buy" rating and set a $395.00 target price on shares of Salesforce in a report on Thursday, September 4th. Finally, Morgan Stanley upped their target price on shares of Salesforce from $404.00 to $405.00 and gave the stock an "overweight" rating in a report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $332.58.

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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