Werba Rubin Papier Wealth Management Cuts Position in Salesforce Inc. $CRM

Key Points

• Werba Rubin Papier Wealth Management reduced its position in Salesforce Inc. by 25.8%, selling 1,786 shares in Q2 and holding a total of 5,129 shares worth $1,399,000.
• The company recently reported earnings of $2.91 EPS for the quarter, exceeding analysts' estimates, with revenues reaching $10.24 billion.
• Salesforce has announced a quarterly dividend of $0.416 per share, reflecting an annualized yield of 0.7% and a payout ratio of 24.13%.

Werba Rubin Papier Wealth Management decreased its position in Salesforce Inc. (NYSE:CRM - Free Report) by 25.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,129 shares of the CRM provider's stock after selling 1,786 shares during the quarter. Werba Rubin Papier Wealth Management's holdings in Salesforce were worth $1,399,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Salesforce by 1.6% in the first 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Salesforce by 6.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider's stock valued at $2,484,616,000 after purchasing an additional 600,386 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Salesforce by 5.1% in the first quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider's stock valued at $2,419,037,000 after purchasing an additional 437,435 shares during the period. Nuveen LLC purchased a new position in Salesforce in the first quarter valued at $2,039,196,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Salesforce by 4.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,362,035 shares of the CRM provider's stock valued at $1,707,316,000 after purchasing an additional 295,681 shares during the period. Hedge funds and other institutional investors own 80.43% of the company's stock.

Salesforce Stock Performance

NYSE CRM opened at $236.60 on Thursday. 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 Inc. has a 52-week low of $226.48 and a 52-week high of $369.00. The business's 50-day moving average price is $244.22 and its 200 day moving average price is $258.21. The firm has a market cap of $225.24 billion, a P/E ratio of 34.39, a P/E/G ratio of 2.07 and a beta of 1.19.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $10.24 billion during 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% compared to the same quarter last year. During the same quarter last 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, equities research analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

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

Insider Activity at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the business's stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $245.91, for a total transaction of $553,297.50. Following the sale, the chief executive officer owned 11,911,571 shares of the company's stock, valued at $2,929,174,424.61. The trade was a 0.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders sold 78,750 shares of company stock worth $19,572,233. 3.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wall Street Zen upgraded Salesforce from a "hold" rating to a "buy" rating in a report on Saturday, October 11th. Macquarie reiterated a "neutral" rating and set a $290.00 target price on shares of Salesforce in a research note on Thursday, September 4th. Sanford C. Bernstein decreased their price objective on shares of Salesforce from $255.00 to $221.00 and set an "underperform" rating for the company in a research note on Thursday, September 4th. Oppenheimer decreased their price objective on shares of Salesforce from $370.00 to $315.00 and set an "outperform" rating for the company in a research note on Tuesday, August 26th. Finally, Wells Fargo & Company decreased 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 note on Thursday, September 4th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $328.22.

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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