Signature Estate & Investment Advisors LLC Buys 16,370 Shares of Salesforce Inc. $CRM

Key Points

• Signature Estate & Investment Advisors LLC increased its stake in Salesforce Inc. by 6.3%, acquiring an additional 16,370 shares during the second quarter, bringing their total ownership to approximately $74.8 million.
• Salesforce has received mixed ratings from analysts, with 25 giving it a Buy rating and others adjusting their price targets, reflecting differing outlooks on its stock performance.
• The company announced a quarterly dividend of $0.416 per share, with a payout ratio of 24.13%, emphasizing its commitment to returning value to shareholders amidst fluctuating stock performance.

Signature Estate & Investment Advisors LLC lifted its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 6.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 274,295 shares of the CRM provider's stock after purchasing an additional 16,370 shares during the quarter. Salesforce comprises approximately 1.7% of Signature Estate & Investment Advisors LLC's holdings, making the stock its 16th largest position. Signature Estate & Investment Advisors LLC's holdings in Salesforce were worth $74,797,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CRM. Brighton Jones LLC raised its holdings in Salesforce by 13.7% in the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider's stock worth $8,582,000 after acquiring an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in Salesforce by 12.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider's stock valued at $611,000 after acquiring an additional 205 shares in the last quarter. Bison Wealth LLC lifted its position in Salesforce by 9.0% in the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider's stock valued at $747,000 after acquiring an additional 184 shares in the last quarter. GAMMA Investing LLC lifted its position in Salesforce by 13.9% in the 1st quarter. GAMMA Investing LLC now owns 14,166 shares of the CRM provider's stock valued at $3,802,000 after acquiring an additional 1,725 shares in the last quarter. Finally, Johnson Investment Counsel Inc. lifted its position in Salesforce by 0.6% in the 1st quarter. Johnson Investment Counsel Inc. now owns 24,104 shares of the CRM provider's stock valued at $6,468,000 after acquiring an additional 141 shares in the last quarter. 80.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CRM has been the topic of several analyst reports. Wall Street Zen raised Salesforce from a "hold" rating to a "buy" rating in a research report on Saturday, October 11th. BMO Capital Markets lowered their price objective on Salesforce from $335.00 to $280.00 and set an "outperform" rating on the stock in a research report on Thursday, September 4th. DA Davidson reaffirmed a "neutral" rating and issued a $225.00 price objective on shares of Salesforce in a research report on Thursday. Robert W. Baird decreased their target price on shares of Salesforce from $365.00 to $325.00 and set an "outperform" rating for the company in a research note on Thursday, September 4th. Finally, Sanford C. Bernstein decreased their target price on shares of Salesforce from $255.00 to $221.00 and set an "underperform" rating for the company in a research note on Thursday, September 4th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $325.23.

Insider Transactions at Salesforce

In related news, Director David Blair Kirk bought 3,400 shares of Salesforce stock in a transaction dated Tuesday, September 9th. The shares were acquired at an average cost of $254.66 per share, with a total value of $865,844.00. Following the completion of the transaction, the director owned 3,824 shares in the company, valued at $973,819.84. The trade was a 801.89% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Marc Benioff sold 2,250 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $234.64, for a total transaction of $527,940.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,794,931,019.44. This trade represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 78,750 shares of company stock valued at $19,521,495. 3.00% of the stock is owned by insiders.

Salesforce Price Performance

Shares of CRM opened at $243.27 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The firm has a market cap of $231.59 billion, a PE ratio of 35.36, a P/E/G ratio of 2.13 and a beta of 1.19. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The firm has a fifty day simple moving average of $244.38 and a two-hundred day simple moving average of $257.87.

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 the consensus estimate of $2.78 by $0.13. The firm had revenue of $10.24 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business posted $2.56 EPS. 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 anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

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

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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