Signature Estate & Investment Advisors LLC Raises Position in Salesforce Inc. $CRM

Key Points

• Signature Estate & Investment Advisors LLC increased its stake in Salesforce Inc. by 25.6%, holding 257,925 shares valued at $69.22 million, making it their 12th largest holding.
• Salesforce reported an earnings per share (EPS) of $2.91 for the most recent quarter, exceeding analysts' expectations, while revenue was up 9.8% year-over-year at $10.24 billion.
• The company announced a quarterly dividend of $0.416 per share, equating to an annual yield of 0.7%, with an ex-dividend date of September 17.

Signature Estate & Investment Advisors LLC grew its holdings in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 25.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 257,925 shares of the CRM provider's stock after acquiring an additional 52,536 shares during the period. Salesforce accounts for approximately 1.8% of Signature Estate & Investment Advisors LLC's investment portfolio, making the stock its 12th biggest holding. Signature Estate & Investment Advisors LLC's holdings in Salesforce were worth $69,217,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Salesforce by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider's stock worth $23,592,501,000 after acquiring an additional 1,383,942 shares during the period. Goldman Sachs Group Inc. grew its holdings in Salesforce by 5.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider's stock worth $2,419,037,000 after acquiring an additional 437,435 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Salesforce by 7.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,658,132 shares of the CRM provider's stock worth $2,894,673,000 after acquiring an additional 602,445 shares during the period. Nuveen Asset Management LLC grew its holdings in Salesforce by 1.3% during the 4th quarter. Nuveen Asset Management LLC now owns 8,598,989 shares of the CRM provider's stock worth $2,874,900,000 after acquiring an additional 114,278 shares during the period. Finally, Nuveen LLC acquired a new stake in Salesforce during the 1st quarter worth about $2,039,196,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Salesforce Stock Down 3.7%

NYSE:CRM traded down $9.44 on Wednesday, hitting $242.62. The stock had a trading volume of 10,155,890 shares, compared to its average volume of 7,550,848. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market cap of $230.98 billion, a P/E ratio of 35.26, a price-to-earnings-growth ratio of 2.30 and a beta of 1.22. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The firm's fifty day simple moving average is $254.82 and its two-hundred day simple moving average is $265.82.

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, beating 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 net margin of 16.87% and a return on equity of 13.27%. The company's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last 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. Analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be paid 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 (DPR) is 24.13%.

Insider Buying and Selling

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $251.12, for a total value of $565,020.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,991,233,709.52. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have sold 68,327 shares of company stock valued at $17,450,793. Company insiders own 3.00% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company cut their price objective on shares of Salesforce from $275.00 to $265.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 4th. Oppenheimer cut their price objective on shares of Salesforce from $370.00 to $315.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 26th. Erste Group Bank cut shares of Salesforce from a "buy" rating to a "hold" rating in a research report on Thursday, June 5th. Bank of America cut their price objective on shares of Salesforce from $350.00 to $325.00 and set a "buy" rating on the stock in a research report on Tuesday, August 26th. Finally, Royal Bank Of Canada cut their price objective on shares of Salesforce from $275.00 to $250.00 and set a "sector perform" rating on the stock in a research report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $332.58.

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.