U.S. Capital Wealth Advisors LLC Sells 5,213 Shares of Salesforce Inc. $CRM

Key Points

• U.S. Capital Wealth Advisors LLC reduced its holdings in Salesforce Inc. by 28.5% during Q2, selling 5,213 shares and ending with a total of 13,063 shares valued at approximately $3.56 million.
• CEO Marc Benioff sold 2,250 shares of Salesforce for over $606,000, while Director David Blair Kirk increased his stake by 801.89% by purchasing 3,400 shares.
• Despite recent sales, Salesforce reported a positive quarterly earnings per share (EPS) of $2.91, surpassing analysts’ expectations and reflecting a 9.8% revenue increase from the previous year.

U.S. Capital Wealth Advisors LLC lessened its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 28.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,063 shares of the CRM provider's stock after selling 5,213 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Salesforce were worth $3,562,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Farmers & Merchants Investments Inc. boosted its stake in shares of Salesforce by 4,156.6% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 48,440 shares of the CRM provider's stock valued at $13,209,000 after purchasing an additional 47,302 shares during the last quarter. Painted Porch Advisors LLC boosted its stake in shares of 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 purchasing an additional 65 shares during the last quarter. Rooted Wealth Advisors Inc. boosted its stake in shares of Salesforce by 30.8% in the 2nd quarter. Rooted Wealth Advisors Inc. now owns 1,134 shares of the CRM provider's stock valued at $293,000 after purchasing an additional 267 shares during the last quarter. Avanza Fonder AB boosted its stake in shares of Salesforce by 12.2% in the 2nd quarter. Avanza Fonder AB now owns 62,979 shares of the CRM provider's stock valued at $17,174,000 after purchasing an additional 6,862 shares during the last quarter. Finally, Sowell Financial Services LLC boosted its stake in Salesforce by 2.6% during the 2nd quarter. Sowell Financial Services LLC now owns 9,585 shares of the CRM provider's stock worth $2,614,000 after acquiring an additional 240 shares during the last quarter. Institutional investors own 80.43% of the company's stock.

Insider Activity at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $269.38, for a total transaction of $606,105.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company's stock, valued at approximately $3,208,738,995.98. This represents a 0.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David Blair Kirk bought 3,400 shares of the firm's stock in a transaction on Tuesday, September 9th. The shares were purchased at an average cost of $254.66 per share, with a total value of $865,844.00. Following the transaction, the director directly owned 3,824 shares in the company, valued at approximately $973,819.84. This trade represents a 801.89% increase in their position. The disclosure for this purchase can be found here. Insiders sold 74,250 shares of company stock valued at $18,844,155 in the last ninety days. 3.00% of the stock is currently owned by insiders.

Salesforce Trading Up 1.0%

Shares of Salesforce stock opened at $249.64 on Tuesday. The firm has a 50-day moving average of $250.58 and a 200-day moving average of $262.38. The stock has a market cap of $237.66 billion, a PE ratio of 36.28, a PEG ratio of 2.25 and a beta of 1.22. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating analysts' consensus estimates of $2.78 by $0.13. The business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.Salesforce's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.56 earnings per share. 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, sell-side analysts forecast that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

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

Analyst Upgrades and Downgrades

CRM has been the topic of several recent analyst reports. Needham & Company LLC reissued a "buy" rating and set a $400.00 price objective on shares of Salesforce in a research note on Thursday, September 4th. DA Davidson raised shares of Salesforce from an "underperform" rating to a "neutral" rating and set a $225.00 price objective on the stock in a research note on Friday, August 15th. Wells Fargo & Company reduced 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 note on Thursday, September 4th. KeyCorp reduced their price objective on shares of Salesforce from $440.00 to $400.00 and set an "overweight" rating on the stock in a research note on Thursday, September 4th. Finally, Royal Bank Of Canada reduced 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 note on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Salesforce currently has a consensus rating of "Moderate Buy" and an average target price of $332.58.

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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