Vanguard Personalized Indexing Management LLC Raises Stake in Salesforce Inc. $CRM

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in Salesforce Inc. by 16.7%, acquiring a total of 120,042 shares worth $32.74 million.
• Salesforce's stock has seen a decline of 1.3%, with its current market cap at $230.49 billion and a 52-week stock range of $226.48 to $369.00.
• The company recently announced a quarterly dividend of $0.416 per share, yielding 0.7%, alongside reporting better-than-expected quarterly earnings with a 9.8% year-over-year revenue increase.

Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 16.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 120,042 shares of the CRM provider's stock after purchasing an additional 17,204 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Salesforce were worth $32,741,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Painted Porch Advisors LLC grew its position in Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock worth $25,000 after purchasing an additional 65 shares during the last quarter. Capital A Wealth Management LLC grew its position in Salesforce by 450.0% during the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock worth $30,000 after purchasing an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its position in Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock worth $30,000 after purchasing an additional 85 shares during the last quarter. Abound Financial LLC purchased a new stake in shares of Salesforce in the first quarter valued at about $31,000. Finally, Christopher J. Hasenberg Inc boosted its holdings in shares of Salesforce by 383.3% in the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider's stock valued at $32,000 after acquiring an additional 92 shares in the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Salesforce Stock Down 1.3%

CRM stock opened at $242.11 on Friday. The company has a market cap of $230.49 billion, a P/E ratio of 35.19, a P/E/G ratio of 2.09 and a beta of 1.19. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00. The company's 50-day moving average price is $244.68 and its 200 day moving average price is $258.77. 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 released its quarterly earnings data 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 firm 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 firm's revenue was up 9.8% on a year-over-year basis. 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. On average, research analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

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

Wall Street Analysts Forecast Growth

CRM has been the topic of several analyst reports. Sanford C. Bernstein lowered their target price on shares of Salesforce from $255.00 to $221.00 and set an "underperform" rating on the stock in a report on Thursday, September 4th. KeyCorp lowered their target price on shares of Salesforce from $440.00 to $400.00 and set an "overweight" rating on the stock in a report on Thursday, September 4th. Morgan Stanley lifted their target price on shares of Salesforce from $404.00 to $405.00 and gave the company an "overweight" rating in a report on Tuesday, September 2nd. Barclays lowered their target price on shares of Salesforce from $347.00 to $316.00 and set an "overweight" rating on the stock in a report on Monday, August 18th. Finally, BMO Capital Markets lowered their target price on shares of Salesforce from $335.00 to $280.00 and set an "outperform" rating on the stock in a report on Thursday, September 4th. Twenty-six analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $331.89.

Insider Transactions at Salesforce

In other Salesforce news, Director David Blair Kirk bought 3,400 shares of the business'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 completion of the transaction, the director owned 3,824 shares in the company, valued at approximately $973,819.84. The trade was a 801.89% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $248.40, for a total transaction of $558,900.00. Following the transaction, the chief executive officer owned 11,911,571 shares of the company's stock, valued at approximately $2,958,834,236.40. The trade was a 0.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,750 shares of company stock valued at $19,634,805. 3.00% of the stock is currently 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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