Childress Capital Advisors LLC Has $737,000 Holdings in Salesforce Inc. $CRM

Childress Capital Advisors LLC lifted its holdings in Salesforce Inc. (NYSE:CRM) by 8.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,704 shares of the CRM provider’s stock after acquiring an additional 218 shares during the period. Childress Capital Advisors LLC’s holdings in Salesforce were worth $737,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of CRM. Nuveen LLC acquired a new position in shares of Salesforce in the first quarter valued at about $2,039,196,000. Longview Partners Guernsey LTD acquired a new stake in Salesforce during the first quarter worth about $467,944,000. Pacer Advisors Inc. grew its stake in Salesforce by 1,744.0% during the first quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock worth $488,486,000 after buying an additional 1,721,550 shares in the last quarter. Vanguard Group Inc. grew its stake in Salesforce by 1.6% during the first quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock worth $23,592,501,000 after buying an additional 1,383,942 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. acquired a new stake in Salesforce during the first quarter worth about $345,100,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CRM. Barclays reduced their price objective 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. DA Davidson upgraded shares of Salesforce from an “underperform” rating to a “neutral” rating and set a $225.00 price objective on the stock in a research note on Friday, August 15th. Sanford C. Bernstein dropped their target price on shares of Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a report on Thursday, September 4th. Citigroup increased their target price on shares of Salesforce from $275.00 to $276.00 and gave the stock a “neutral” rating in a report on Tuesday, September 9th. Finally, Piper Sandler dropped their target price on shares of Salesforce from $335.00 to $315.00 and set an “overweight” rating for the company 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $332.58.

Salesforce Stock Down 3.3%

Shares of NYSE CRM opened at $236.92 on Wednesday. The company has a 50 day simple moving average of $248.44 and a 200 day simple moving average of $261.05. The firm has a market cap 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. Salesforce Inc. has a 1 year low of $226.48 and a 1 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.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. The business had revenue of $10.24 billion during the quarter, compared to analyst estimates 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 quarter last 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. On average, research analysts forecast that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

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

Insider Buying and Selling

In other news, Director David Blair Kirk bought 3,400 shares of the firm’s stock in a transaction on Tuesday, September 9th. The stock was acquired at an average price of $254.66 per share, with a total value of $865,844.00. Following the transaction, the director owned 3,824 shares of the company’s stock, valued at $973,819.84. This trade represents a 801.89% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $244.53, for a total transaction of $550,192.50. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,912,736,456.63. This represents a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 81,000 shares of company stock valued at $20,439,405 in the last three months. 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.