Salesforce Inc. $CRM Shares Purchased by Smith Salley Wealth Management

Key Points

• Smith Salley Wealth Management increased its stake in Salesforce Inc. by 13.1% in Q2, owning 9,576 shares valued at approximately $2.61 million.
• Salesforce reported an EPS of $2.91 in its latest quarterly earnings, surpassing expectations and experiencing a 9.8% year-over-year revenue growth.
• The company declared a quarterly dividend of $0.416, with an annualized yield of 0.7%, to be paid on October 9th.

Smith Salley Wealth Management lifted its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 13.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,576 shares of the CRM provider's stock after purchasing an additional 1,110 shares during the period. Smith Salley Wealth Management's holdings in Salesforce were worth $2,611,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. City Holding Co. grew its holdings in shares of Salesforce by 95.3% in the second quarter. City Holding Co. now owns 791 shares of the CRM provider's stock valued at $216,000 after purchasing an additional 386 shares in the last quarter. Sonora Investment Management Group LLC grew its holdings in shares of Salesforce by 28.2% in the second quarter. Sonora Investment Management Group LLC now owns 39,354 shares of the CRM provider's stock valued at $10,732,000 after purchasing an additional 8,660 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Salesforce by 0.5% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 765,842 shares of the CRM provider's stock valued at $208,837,000 after purchasing an additional 3,895 shares in the last quarter. Guyasuta Investment Advisors Inc. acquired a new position in shares of Salesforce in the second quarter valued at approximately $204,000. Finally, Worth Financial Advisory Group LLC grew its holdings in shares of Salesforce by 25.4% in the second quarter. Worth Financial Advisory Group LLC now owns 4,350 shares of the CRM provider's stock valued at $1,186,000 after purchasing an additional 882 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on CRM. KeyCorp lowered their price target on shares of Salesforce from $440.00 to $400.00 and set an "overweight" rating for the company in a report on Thursday, September 4th. DA Davidson upgraded shares of Salesforce from an "underperform" rating to a "neutral" rating and set a $225.00 price target for the company in a report on Friday, August 15th. BMO Capital Markets lowered their price target on shares of Salesforce from $335.00 to $280.00 and set an "outperform" rating for the company in a report on Thursday, September 4th. Needham & Company LLC reiterated a "buy" rating and set a $400.00 price target on shares of Salesforce in a report on Thursday, September 4th. Finally, Oppenheimer lowered their price target on shares of Salesforce from $370.00 to $315.00 and set an "outperform" rating for the company in a report on Tuesday, August 26th. One 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 assigned a Sell rating to the stock. According to MarketBeat, Salesforce has an average rating of "Moderate Buy" and an average price target of $332.58.

Salesforce Stock Up 1.1%

Shares of NYSE:CRM opened at $243.58 on Monday. The firm has a 50 day simple moving average of $249.32 and a 200-day simple moving average of $261.46. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00. The company has a market capitalization of $231.89 billion, a PE ratio of 35.40, a P/E/G ratio of 2.22 and a beta of 1.22. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM - Get Free Report) last released 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. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the firm 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 analysts predict that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

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

Insider Buying and Selling at Salesforce

In other Salesforce news, Director David Blair Kirk purchased 3,400 shares of Salesforce stock in a transaction that occurred on Tuesday, September 9th. The stock was purchased at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the transaction, 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 purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the company's stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $245.85, for a total transaction of $553,162.50. Following the transaction, the chief executive officer owned 11,911,571 shares of the company's stock, valued at approximately $2,928,459,730.35. The trade was 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 valued at $19,955,745. 3.00% of the stock is owned by 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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