Blue Zone Wealth Advisors LLC Grows Stock Holdings in Salesforce Inc. $CRM

Blue Zone Wealth Advisors LLC raised its position in Salesforce Inc. (NYSE:CRM) by 7.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,668 shares of the CRM provider’s stock after acquiring an additional 1,920 shares during the quarter. Salesforce makes up 1.8% of Blue Zone Wealth Advisors LLC’s investment portfolio, making the stock its 18th largest position. Blue Zone Wealth Advisors LLC’s holdings in Salesforce were worth $7,272,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Diversified Trust Co increased its position in shares of Salesforce by 30.1% in the second quarter. Diversified Trust Co now owns 27,786 shares of the CRM provider’s stock valued at $7,577,000 after acquiring an additional 6,430 shares during the period. Neville Rodie & Shaw Inc. increased its position in shares of Salesforce by 4.6% during the second quarter. Neville Rodie & Shaw Inc. now owns 59,970 shares of the CRM provider’s stock valued at $16,353,000 after buying an additional 2,644 shares during the period. AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of Salesforce during the first quarter valued at about $9,367,000. Jones Financial Companies Lllp increased its position in shares of Salesforce by 31.2% during the first quarter. Jones Financial Companies Lllp now owns 344,887 shares of the CRM provider’s stock valued at $93,016,000 after buying an additional 81,916 shares during the period. Finally, Wesbanco Bank Inc. increased its position in shares of Salesforce by 6.8% during the second quarter. Wesbanco Bank Inc. now owns 110,968 shares of the CRM provider’s stock valued at $30,260,000 after buying an additional 7,091 shares during the period. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Trading Down 1.3%

NYSE:CRM opened at $242.11 on Friday. Salesforce Inc. has a one year low of $226.48 and a one year 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 company’s 50-day simple moving average is $244.68 and its 200 day simple moving average is $258.93. The firm has a market capitalization of $230.49 billion, a P/E ratio of 35.19, a PEG ratio of 2.12 and a beta of 1.19.

Salesforce (NYSE:CRM) last issued its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm 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. As a group, analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

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

Insider Activity at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $248.40, for a total value of $558,900.00. Following the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,958,834,236.40. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David Blair Kirk bought 3,400 shares of the company’s stock in a transaction dated Tuesday, September 9th. The stock was purchased at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the purchase, the director owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. This represents a 801.89% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 78,750 shares of company stock worth $19,634,805. Insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

CRM has been the topic of several research analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Salesforce in a research report on Saturday, September 27th. Needham & Company LLC reiterated a “buy” rating and set a $400.00 price target on shares of Salesforce in a research report on Thursday, September 4th. Robert W. Baird reduced their price target on shares of Salesforce from $365.00 to $325.00 and set an “outperform” rating on the stock 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 Tuesday, September 2nd. Finally, Roth Capital reissued a “buy” rating and set a $395.00 price objective on shares of Salesforce in a research note on Thursday, September 4th. Twenty-six investment 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, Salesforce currently has an average rating of “Moderate Buy” and a consensus price target of $331.89.

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.