Salesforce Inc. $CRM Shares Sold by Mcdaniel Terry & Co.

Key Points

• Mcdaniel Terry & Co. reduced its stake in Salesforce by 48.0% during the second quarter, now holding 1,258 shares valued at approximately $343,000.
• Salesforce's quarterly earnings exceeded expectations, reporting an EPS of $2.91 against a consensus estimate of $2.78, with revenue reaching $10.24 billion.
• The company announced a quarterly dividend of $0.416, translating to an annualized dividend of $1.66 with a yield of 0.7%.

Mcdaniel Terry & Co. cut its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 48.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,258 shares of the CRM provider's stock after selling 1,162 shares during the period. Mcdaniel Terry & Co.'s holdings in Salesforce were worth $343,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Painted Porch Advisors LLC grew its position in shares of Salesforce by 260.0% in the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock worth $25,000 after acquiring an additional 65 shares in the last quarter. Capital A Wealth Management LLC lifted its position in shares of Salesforce by 450.0% in the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock worth $30,000 after buying an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its position in shares of Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock valued at $30,000 after buying an additional 85 shares during the last quarter. Abound Financial LLC acquired a new stake in Salesforce during the first quarter worth about $31,000. Finally, Christopher J. Hasenberg Inc grew its holdings in shares of Salesforce by 383.3% during the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider's stock valued at $32,000 after purchasing an additional 92 shares during the last quarter. Institutional investors own 80.43% of the company's stock.

Analyst Ratings Changes

CRM has been the subject of a number of analyst reports. Morgan Stanley boosted their price objective on Salesforce from $404.00 to $405.00 and gave the company an "overweight" rating in a research report on Tuesday, September 2nd. Citigroup upped their price target on shares of Salesforce from $275.00 to $276.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 9th. UBS Group cut their price objective on shares of Salesforce from $300.00 to $260.00 and set a "neutral" rating on the stock in a research report on Monday, August 18th. JMP Securities restated a "market outperform" rating and issued a $430.00 target price on shares of Salesforce in a research report on Friday, October 17th. Finally, Barclays cut their price target on Salesforce from $347.00 to $316.00 and set an "overweight" rating on the stock in a report on Monday, August 18th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $325.23.

Salesforce Stock Performance

CRM opened at $254.93 on Friday. The business has a 50 day moving average price of $246.53 and a two-hundred day moving average price of $258.07. 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 company has a market capitalization of $242.69 billion, a price-to-earnings ratio of 37.05, a price-to-earnings-growth ratio of 2.14 and a beta of 1.19. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping analysts' consensus estimates of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The company had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the business earned $2.56 EPS. The company's quarterly revenue was up 9.8% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Research analysts predict that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

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

Insider Activity at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the firm's stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $259.01, for a total transaction of $582,772.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,085,216,004.71. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 78,750 shares of company stock valued at $19,424,880. 3.00% of the stock is owned by insiders.

Salesforce Company 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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