Viawealth LLC Grows Stock Position in Salesforce Inc. $CRM

Viawealth LLC boosted its position in shares of Salesforce Inc. (NYSE:CRM) by 6.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,263 shares of the CRM provider’s stock after purchasing an additional 333 shares during the period. Viawealth LLC’s holdings in Salesforce were worth $1,435,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC increased its position in Salesforce by 13.7% in the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after acquiring an additional 3,102 shares during the period. Revolve Wealth Partners LLC increased its holdings in shares of Salesforce by 12.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock valued at $611,000 after buying an additional 205 shares in the last quarter. Bison Wealth LLC boosted its position in shares of Salesforce by 9.0% in the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock valued at $747,000 after purchasing an additional 184 shares during the period. Prosperity Consulting Group LLC boosted its holdings in shares of Salesforce by 2.5% in the first quarter. Prosperity Consulting Group LLC now owns 5,434 shares of the CRM provider’s stock worth $1,458,000 after buying an additional 130 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC grew its holdings in shares of Salesforce by 5.4% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,302 shares of the CRM provider’s stock valued at $618,000 after buying an additional 117 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

Insider Activity

In other Salesforce news, CEO Marc Benioff sold 122 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $259.00, for a total value of $31,598.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $3,085,096,889. This trade represents a 0.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders sold 56,372 shares of company stock worth $13,941,863. Corporate insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CRM. Wells Fargo & Company cut their price objective on shares of Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 4th. Wall Street Zen cut Salesforce from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Royal Bank Of Canada cut their price target on Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a report on Thursday, September 4th. Bank of America lowered their target price on Salesforce from $325.00 to $305.00 and set a “buy” rating for the company in a research note on Monday, November 17th. Finally, KeyCorp cut their price objective 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. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $323.51.

Salesforce Stock Up 3.1%

Salesforce stock opened at $233.75 on Wednesday. Salesforce Inc. has a fifty-two week low of $221.96 and a fifty-two week high of $369.00. The firm has a market capitalization of $222.53 billion, a PE ratio of 33.98, a P/E/G ratio of 2.11 and a beta of 1.19. The company’s 50-day moving average is $244.38 and its 200-day moving average is $255.28. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12.

Salesforce (NYSE:CRM) last announced its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping 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 business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the firm posted $2.56 EPS. Salesforce’s 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. Sell-side analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

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

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.