Strategic Planning Group LLC Acquires 1,156 Shares of Salesforce Inc. $CRM

Key Points

• Strategic Planning Group LLC increased its stake in Salesforce Inc. by 7.6% during the second quarter, acquiring an additional 1,156 shares, bringing its total to 16,273 shares valued at approximately $4.44 million.
• Salesforce's CEO, Marc Benioff, recently sold 2,250 shares for over $606,000, while Director David Blair Kirk purchased 3,400 shares, reflecting significant insider trading activity.
• Salesforce announced a quarterly dividend of $0.416 per share, with an annualized yield of 0.7%, and posted earnings exceeding analyst expectations with $2.91 EPS for the last quarter.

Strategic Planning Group LLC raised its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 7.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,273 shares of the CRM provider's stock after buying an additional 1,156 shares during the quarter. Strategic Planning Group LLC's holdings in Salesforce were worth $4,438,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. acquired a new position in shares of Salesforce during the 4th quarter worth approximately $25,000. Painted Porch Advisors LLC increased its position in Salesforce by 260.0% in the 2nd 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 boosted its stake in Salesforce by 450.0% during the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock valued at $30,000 after purchasing an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its stake in Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock valued at $30,000 after purchasing an additional 85 shares during the last quarter. Finally, Abound Financial LLC bought a new position in shares of Salesforce in the first quarter worth $31,000. Institutional investors and hedge funds own 80.43% of the company's stock.

Salesforce Stock Performance

CRM traded up $2.55 during trading on Monday, hitting $249.64. The stock had a trading volume of 7,518,279 shares, compared to its average volume of 10,219,225. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00. The firm has a market cap of $237.66 billion, a price-to-earnings ratio of 36.28, a P/E/G ratio of 2.25 and a beta of 1.22. The company has a 50 day moving average price of $250.58 and a 200-day moving average price of $262.38.

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

Salesforce Announces Dividend

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

Wall Street Analyst Weigh In

CRM has been the subject of several research analyst reports. Royal Bank Of Canada lowered their price objective on shares of Salesforce from $275.00 to $250.00 and set a "sector perform" rating for the company in a report on Thursday, September 4th. Stephens reduced their price target on shares of Salesforce from $311.00 to $309.00 and set an "equal weight" rating on the stock in a report on Friday, May 30th. Wells Fargo & Company lowered their price objective on shares of Salesforce from $275.00 to $265.00 and set an "equal weight" rating for the company in a research report on Thursday, September 4th. Sanford C. Bernstein cut their price target on shares of Salesforce from $255.00 to $221.00 and set an "underperform" rating on the stock in a research note on Thursday, September 4th. Finally, Erste Group Bank lowered shares of Salesforce from a "buy" rating to a "hold" rating in a research report on Thursday, June 5th. 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $332.58.

Insider Activity at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the business's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $269.38, for a total value of $606,105.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at $3,208,738,995.98. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Blair Kirk purchased 3,400 shares of the firm's stock in a transaction on Tuesday, September 9th. The stock was bought at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the acquisition, the director owned 3,824 shares in the company, valued at $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 74,250 shares of company stock valued at $18,844,155 in the last three months. 3.00% of the stock is currently owned by corporate 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.