Sequoia Financial Advisors LLC Raises Stock Holdings in Salesforce Inc. $CRM

Key Points

• Sequoia Financial Advisors LLC increased its Salesforce holdings by 2.7%, now owning 257,097 shares valued at approximately $70.1 million.
• Salesforce recently reported earnings with an EPS of $2.91, exceeding expectations, and its revenue rose by 9.8% compared to the previous year, amounting to $10.24 billion.
• The company announced a quarterly dividend of $0.416 per share, reflecting an annualized yield of 0.7% and a dividend payout ratio of 24.13%.

Sequoia Financial Advisors LLC boosted its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 2.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 257,097 shares of the CRM provider's stock after purchasing an additional 6,651 shares during the period. Sequoia Financial Advisors LLC's holdings in Salesforce were worth $70,108,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CRM. Macquarie reiterated a "neutral" rating and set a $290.00 price target on shares of Salesforce in a research report on Thursday, September 4th. Stifel Nicolaus decreased their price target on Salesforce from $325.00 to $300.00 and set a "buy" rating for the company in a research note on Thursday. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $325.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Needham & Company LLC reaffirmed a "buy" rating and set a $400.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Finally, Robert W. Baird decreased their price target on Salesforce from $365.00 to $325.00 and set an "outperform" rating for the company in a research note on Thursday, September 4th. Twenty-six research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Salesforce currently has an average rating of "Moderate Buy" and an average price target of $331.89.

Insider Transactions at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $239.79, for a total transaction of $539,527.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company's stock, valued at approximately $2,856,275,610.09. 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 is accessible through the SEC website. Insiders sold a total of 76,500 shares of company stock worth $19,049,130 over the last ninety days. 3.00% of the stock is currently owned by company insiders.

Salesforce Stock Performance

Shares of Salesforce stock opened at $242.11 on Monday. The stock has a market cap of $230.49 billion, a PE ratio of 35.19, a price-to-earnings-growth ratio of 2.09 and a beta of 1.19. The business has a fifty day simple moving average of $244.68 and a 200-day simple moving average of $258.64. 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 Inc. has a 12 month low of $226.48 and a 12 month high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping the consensus estimate of $2.78 by $0.13. The business had revenue of $10.24 billion during the quarter, compared to analysts' expectations of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.Salesforce's revenue was up 9.8% compared to the same quarter last year. During the same quarter last 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. On average, sell-side analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were given a dividend of $0.416 per share. The ex-dividend date of this dividend 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 (DPR) is presently 24.13%.

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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