HB Wealth Management LLC Reduces Stake in Salesforce Inc. $CRM

HB Wealth Management LLC lowered its stake in shares of Salesforce Inc. (NYSE:CRM) by 1.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 35,178 shares of the CRM provider’s stock after selling 520 shares during the quarter. HB Wealth Management LLC’s holdings in Salesforce were worth $9,593,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of CRM. Vanguard Group Inc. lifted its position in shares of Salesforce by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock valued at $23,592,501,000 after buying an additional 1,383,942 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Salesforce by 6.9% in the 1st 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 acquiring an additional 600,386 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Salesforce by 5.1% during 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 last quarter. Nuveen LLC bought a new position in Salesforce during the first quarter worth about $2,039,196,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of 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 worth $1,707,316,000 after purchasing an additional 295,681 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Stock Down 3.3%

Shares of NYSE:CRM opened at $236.92 on Wednesday. The firm has a market capitalization of $225.55 billion, a PE ratio of 34.44, a price-to-earnings-growth ratio of 2.23 and a beta of 1.22. 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 52-week low of $226.48 and a 52-week high of $369.00. The firm has a fifty day moving average of $248.44 and a 200 day moving average of $261.05.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. The firm had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.56 EPS. 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, research analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be paid a dividend of $0.416 per share. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. Salesforce’s dividend payout ratio (DPR) is 24.13%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Barclays dropped their price target on shares of Salesforce from $347.00 to $316.00 and set an “overweight” rating on the stock in a research note on Monday, August 18th. Deutsche Bank Aktiengesellschaft cut their price target on Salesforce from $400.00 to $340.00 and set a “buy” rating for the company in a report on Thursday, September 4th. Piper Sandler decreased their price objective on Salesforce from $335.00 to $315.00 and set an “overweight” rating on the stock in a research note on Thursday, September 4th. Sanford C. Bernstein dropped their price objective on Salesforce from $255.00 to $221.00 and set an “underperform” rating on the stock in a report on Thursday, September 4th. Finally, Macquarie reaffirmed a “neutral” rating and set a $290.00 target price on shares of Salesforce in a report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $332.58.

Insider Buying and Selling

In other Salesforce news, Director David Blair Kirk bought 3,400 shares of Salesforce stock in a transaction that occurred on Tuesday, September 9th. The shares were bought at an average price of $254.66 per share, with a total value of $865,844.00. Following 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Monday, September 29th. The stock was sold at an average price of $244.53, for a total transaction of $550,192.50. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,912,736,456.63. The trade was a 0.02% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 81,000 shares of company stock valued at $20,439,405. Company insiders own 3.00% of the company’s stock.

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.