US Bancorp DE Sells 10,968 Shares of Salesforce Inc. $CRM

US Bancorp DE lowered its position in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 2.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 412,717 shares of the CRM provider's stock after selling 10,968 shares during the period. US Bancorp DE's holdings in Salesforce were worth $112,544,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CRM. Brighton Jones LLC grew its position 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 purchasing an additional 3,102 shares during the period. Revolve Wealth Partners LLC grew 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 worth $611,000 after purchasing an additional 205 shares during the period. Bison Wealth LLC grew 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 worth $747,000 after purchasing an additional 184 shares during the period. Harbor Capital Advisors Inc. grew its position in Salesforce by 65.9% in the 1st quarter. Harbor Capital Advisors Inc. now owns 20,720 shares of the CRM provider's stock worth $5,560,000 after purchasing an additional 8,228 shares during the period. Finally, GAMMA Investing LLC grew 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 worth $3,802,000 after purchasing an additional 1,725 shares during the period. Institutional investors own 80.43% of the company's stock.

Insider Buying and Selling

In related news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $241.32, for a total transaction of $542,970.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company's stock, valued at $2,874,500,313.72. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 78,750 shares of company stock worth $19,679,535 over the last three months. Corporate insiders own 3.00% of the company's stock.

Salesforce Stock Performance

Shares of NYSE:CRM opened at $240.23 on Thursday. The company has a market capitalization of $228.70 billion, a price-to-earnings ratio of 34.92, a PEG ratio of 2.07 and a beta of 1.19. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The firm's 50-day moving average is $245.13 and its 200 day moving average is $259.53. The company has a current ratio of 1.12, a quick 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 business had revenue of $10.24 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm 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 predict that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be given a dividend of $0.416 per share. The ex-dividend date of this dividend 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%.

Analyst Upgrades and Downgrades

CRM has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Salesforce from a "buy" rating to a "hold" rating in a research report on Friday, October 3rd. Cantor Fitzgerald reissued an "overweight" rating and set a $325.00 price objective on shares of Salesforce in a research report on Thursday, September 4th. JPMorgan Chase & Co. cut their price objective on shares of Salesforce from $380.00 to $365.00 and set an "overweight" rating for the company in a research report on Thursday, September 4th. Citigroup boosted their price objective on shares of Salesforce from $275.00 to $276.00 and gave the company a "neutral" rating in a research report on Tuesday, September 9th. Finally, Stifel Nicolaus cut their price objective on shares of Salesforce from $375.00 to $325.00 and set a "buy" rating for the company in a research report on Wednesday, August 13th. Twenty-six investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $332.58.

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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