Strategic Blueprint LLC Purchases 1,000 Shares of Salesforce Inc. $CRM

Key Points

• Strategic Blueprint LLC increased its stake in Salesforce Inc. by 4.2%, purchasing an additional 1,000 shares, bringing its total holdings to 24,828 shares valued at approximately $6.77 million.
• Salesforce reported an earnings per share (EPS) of $2.91 for the latest quarter, exceeding analysts' expectations by $0.13, with revenue rising by 9.8% year-over-year to $10.24 billion.
• The company recently announced a quarterly dividend of $0.416 per share, representing an annualized dividend of $1.66 and a dividend yield of 0.6%, with a payout ratio of 24.13%.

Strategic Blueprint LLC raised its position in Salesforce Inc. (NYSE:CRM - Free Report) by 4.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,828 shares of the CRM provider's stock after buying an additional 1,000 shares during the quarter. Strategic Blueprint LLC's holdings in Salesforce were worth $6,770,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Nuveen LLC bought a new position in Salesforce in the 1st quarter worth approximately $2,039,196,000. Longview Partners Guernsey LTD bought a new position in Salesforce in the 1st quarter valued at $467,944,000. Pacer Advisors Inc. boosted its holdings in Salesforce by 1,744.0% in the 1st quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider's stock valued at $488,486,000 after purchasing an additional 1,721,550 shares during the period. Vanguard Group Inc. boosted its holdings in Salesforce by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider's stock valued at $23,592,501,000 after purchasing an additional 1,383,942 shares during the period. Finally, Diamond Hill Capital Management Inc. bought a new position in Salesforce in the 1st quarter valued at $345,100,000. 80.43% of the stock is currently owned by institutional investors.

Salesforce Price Performance

Shares of NYSE:CRM opened at $256.78 on Thursday. The stock has a market cap of $244.45 billion, a PE ratio of 37.32, a PEG ratio of 2.17 and a beta of 1.19. The company's fifty day moving average is $245.85 and its 200 day moving average is $257.92. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00. 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 (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 analysts' consensus estimates of $2.78 by $0.13. The company had revenue of $10.24 billion for the quarter, compared to analysts' expectations of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm's revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the company earned $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. Research analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were issued a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Wednesday, September 17th. Salesforce's dividend payout ratio is currently 24.13%.

Analyst Upgrades and Downgrades

Several brokerages have commented on CRM. Macquarie reissued a "neutral" rating and issued a $250.00 price target on shares of Salesforce in a report on Thursday, October 16th. JPMorgan Chase & Co. dropped their price objective on shares of Salesforce from $380.00 to $365.00 and set an "overweight" rating for the company in a report on Thursday, September 4th. Roth Capital reaffirmed a "buy" rating and set a $395.00 price objective on shares of Salesforce in a report on Thursday, September 4th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Salesforce from $400.00 to $340.00 and set a "buy" rating for the company in a report on Thursday, September 4th. Finally, Wedbush reaffirmed an "outperform" rating and set a $375.00 price objective on shares of Salesforce in a report on Thursday, October 16th. Twenty-five 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $325.23.

Insider Activity

In related news, CEO Marc Benioff sold 2,250 shares of the firm's stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $252.28, for a total value of $567,630.00. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at $3,005,051,131.88. 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 available through this link. Insiders sold 78,750 shares of company stock valued at $19,448,213 over the last quarter. 3.00% of the stock is owned by company insiders.

Salesforce 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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