VCI Wealth Management LLC Grows Position in Salesforce Inc. $CRM

VCI Wealth Management LLC boosted its stake in Salesforce Inc. (NYSE:CRM) by 15.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,162 shares of the CRM provider’s stock after purchasing an additional 701 shares during the quarter. VCI Wealth Management LLC’s holdings in Salesforce were worth $1,408,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CRM. Painted Porch Advisors LLC grew its stake in Salesforce by 260.0% during the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after buying an additional 65 shares during the period. Capital A Wealth Management LLC grew its stake in Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock worth $30,000 after buying an additional 90 shares during the period. CBIZ Investment Advisory Services LLC grew its stake in Salesforce by 314.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after buying an additional 85 shares during the period. Abound Financial LLC purchased a new stake in Salesforce during the first quarter worth approximately $31,000. Finally, Christopher J. Hasenberg Inc grew its stake in Salesforce by 383.3% during the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after buying an additional 92 shares during the period. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wedbush reiterated an “outperform” rating and set a $375.00 price objective on shares of Salesforce in a research note on Thursday, October 16th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Salesforce from $400.00 to $340.00 and set a “buy” rating for the company in a research note on Thursday, September 4th. Bank of America reduced their target price on shares of Salesforce from $350.00 to $325.00 and set a “buy” rating on the stock in a research report on Tuesday, August 26th. KeyCorp reduced their target price on shares of Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Finally, Royal Bank Of Canada reduced their target price on shares of Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 4th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Salesforce currently has a consensus rating of “Moderate Buy” and an average target price of $325.23.

Insider Buying and Selling at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction on Friday, October 17th. The shares were sold at an average price of $244.64, for a total transaction of $550,440.00. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $2,914,046,729.44. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 78,750 shares of company stock worth $19,480,343 over the last 90 days. 3.00% of the stock is currently owned by corporate insiders.

Salesforce Trading Up 4.6%

CRM opened at $254.31 on Tuesday. The stock has a market capitalization of $242.10 billion, a PE ratio of 36.96, a P/E/G ratio of 2.04 and a beta of 1.19. The firm’s fifty day moving average price is $244.81 and its 200 day moving average price is $257.89. 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 Inc. has a 12-month low of $226.48 and a 12-month high of $369.00.

Salesforce (NYSE:CRM) last posted its quarterly earnings results 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. The firm had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the company 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, research analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders 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 0.7%. The ex-dividend date of this dividend was Wednesday, September 17th. Salesforce’s dividend payout ratio is 24.13%.

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.