WoodTrust Financial Corp Grows Stake in Salesforce Inc. $CRM

Key Points

• WoodTrust Financial Corp increased its stake in Salesforce Inc. by 2.7%, now owning 59,131 shares valued at approximately $16.1 million.
• Salesforce's stock recently opened at $239.91 and has a market capitalization of $228.4 billion, showing a 2.4% decline recently.
• The company announced a quarterly dividend of $0.416 per share, equating to an annualized yield of 0.7%, with the payout ratio currently at 24.13%.

WoodTrust Financial Corp raised its stake in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 2.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,131 shares of the CRM provider's stock after acquiring an additional 1,559 shares during the quarter. Salesforce makes up about 1.8% of WoodTrust Financial Corp's portfolio, making the stock its 14th biggest position. WoodTrust Financial Corp's holdings in Salesforce were worth $16,125,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of CRM. Brighton Jones LLC lifted its position in Salesforce by 13.7% during the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider's stock worth $8,582,000 after acquiring an additional 3,102 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of Salesforce by 12.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider's stock worth $611,000 after buying an additional 205 shares during the period. Bison Wealth LLC increased its stake in Salesforce by 9.0% during the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider's stock worth $747,000 after buying an additional 184 shares in the last quarter. Toth Financial Advisory Corp purchased a new stake in Salesforce during the 1st quarter worth approximately $357,000. Finally, NewSquare Capital LLC increased its stake in Salesforce by 236.6% during the 1st quarter. NewSquare Capital LLC now owns 276 shares of the CRM provider's stock worth $74,000 after buying an additional 194 shares in the last quarter. Institutional investors own 80.43% of the company's stock.

Salesforce Stock Down 2.4%

CRM stock opened at $239.91 on Wednesday. The stock has a market capitalization of $228.40 billion, a P/E ratio of 34.87, a PEG ratio of 2.12 and a beta of 1.19. 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 Inc. has a one year low of $226.48 and a one year high of $369.00. The company has a 50 day moving average price of $245.62 and a two-hundred day moving average price of $259.67.

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

Salesforce Announces Dividend

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

Insider Activity

In other news, CEO Marc Benioff sold 2,250 shares of the company's stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $241.32, for a total value of $542,970.00. Following the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,874,500,313.72. This represents a 0.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 78,750 shares of company stock valued at $19,679,535. Corporate insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

CRM has been the topic of several recent research reports. Morgan Stanley boosted their target price on Salesforce from $404.00 to $405.00 and gave the stock an "overweight" rating in a report on Tuesday, September 2nd. Macquarie restated a "neutral" rating and set a $290.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Robert W. Baird cut their price objective on Salesforce from $365.00 to $325.00 and set an "outperform" rating on the stock in a research report on Thursday, September 4th. Citigroup upped their price objective on Salesforce from $275.00 to $276.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 9th. Finally, Wall Street Zen lowered Salesforce from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. Twenty-six research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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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