Whittier Trust Co. Sells 82,228 Shares of Salesforce Inc. $CRM

Key Points

• Whittier Trust Co. reduced its holdings in **Salesforce Inc.** by 67.7% in Q2, selling 82,228 shares, leaving them with 39,269 shares worth $10.7 million.
• Salesforce reported **Q2 earnings per share** of $2.91, exceeding analysts' expectations, with revenues of $10.24 billion, marking a **9.8% year-over-year increase**.
• Insider transactions revealed that Director David Blair Kirk bought 3,400 shares at approximately **$254.66** each, significantly increasing his stake in the company by **801.89%**.

Whittier Trust Co. cut its holdings in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 67.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,269 shares of the CRM provider's stock after selling 82,228 shares during the quarter. Whittier Trust Co.'s holdings in Salesforce were worth $10,708,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Probity Advisors Inc. increased its holdings in shares of Salesforce by 6.7% during the second quarter. Probity Advisors Inc. now owns 3,568 shares of the CRM provider's stock worth $973,000 after purchasing an additional 224 shares during the period. Liberty One Investment Management LLC boosted its position in shares of Salesforce by 1.5% during the 2nd quarter. Liberty One Investment Management LLC now owns 3,211 shares of the CRM provider's stock worth $876,000 after acquiring an additional 46 shares in the last quarter. Triton Financial Group Inc acquired a new stake in shares of Salesforce during the 2nd quarter worth approximately $1,520,000. VCI Wealth Management LLC boosted its position in shares of Salesforce by 15.7% during the 2nd quarter. VCI Wealth Management LLC now owns 5,162 shares of the CRM provider's stock worth $1,408,000 after acquiring an additional 701 shares in the last quarter. Finally, Klingman & Associates LLC boosted its position in shares of Salesforce by 11.9% during the 2nd quarter. Klingman & Associates LLC now owns 3,354 shares of the CRM provider's stock worth $915,000 after acquiring an additional 356 shares in the last quarter. 80.43% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Salesforce news, Director David Blair Kirk purchased 3,400 shares of the business's stock in a transaction dated Tuesday, September 9th. The shares were bought at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the acquisition, the director owned 3,824 shares in the company, valued at approximately $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Marc Benioff sold 2,250 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $242.44, for a total transaction of $545,490.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,887,841,273.24. The trade was a 0.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 78,750 shares of company stock worth $19,448,213. 3.00% of the stock is owned by company insiders.

Salesforce Stock Performance

Shares of Salesforce stock opened at $263.51 on Wednesday. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $250.86 billion, a P/E ratio of 38.30, a P/E/G ratio of 2.13 and a beta of 1.19. The company's 50 day moving average price is $245.46 and its two-hundred day moving average price is $257.92.

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

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were issued a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Wednesday, September 17th. Salesforce's payout ratio is 24.13%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Roth Capital reiterated a "buy" rating and set a $395.00 price target on shares of Salesforce in a research report on Thursday, September 4th. JMP Securities reiterated a "market outperform" rating and set a $430.00 price target on shares of Salesforce in a research report on Friday, October 17th. Sanford C. Bernstein reduced their price target on shares of Salesforce from $255.00 to $221.00 and set an "underperform" rating on the stock in a research report on Thursday, September 4th. Macquarie reiterated a "neutral" rating and set a $250.00 price target on shares of Salesforce in a research report on Thursday, October 16th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Salesforce from $400.00 to $340.00 and set a "buy" rating on the stock in a research report on Thursday, September 4th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Salesforce presently has an average rating of "Moderate Buy" and an average price target of $325.23.

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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