Garrett Wealth Advisory Group LLC Acquires New Shares in Salesforce Inc. $CRM

Garrett Wealth Advisory Group LLC acquired a new position in Salesforce Inc. (NYSE:CRM) in the 2nd quarter, Holdings Channel reports. The firm acquired 1,738 shares of the CRM provider’s stock, valued at approximately $474,000.

Several other large investors have also modified their holdings of the business. Painted Porch Advisors LLC lifted its position in Salesforce by 260.0% in the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after buying an additional 65 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its position in shares of Salesforce by 314.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after acquiring an additional 85 shares during the last quarter. Christopher J. Hasenberg Inc raised its stake in shares of Salesforce by 383.3% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after acquiring an additional 92 shares during the period. Maseco LLP acquired a new position in shares of Salesforce in the 2nd quarter worth approximately $34,000. Finally, Quaker Wealth Management LLC lifted its holdings in shares of Salesforce by 208.6% in the 2nd quarter. Quaker Wealth Management LLC now owns 126 shares of the CRM provider’s stock worth $34,000 after acquiring an additional 242 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insider Activity

In other news, Director David Blair Kirk bought 3,400 shares of the business’s stock in a transaction dated Tuesday, September 9th. The shares were acquired at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the transaction, the director owned 3,824 shares of the company’s stock, 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 accessible through this link. Also, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $242.39, for a total value of $545,377.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $2,887,245,694.69. This trade represents a 0.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 63,122 shares of company stock worth $15,615,413. Corporate insiders own 3.00% of the company’s stock.

Salesforce Stock Performance

NYSE:CRM opened at $227.59 on Thursday. The business’s fifty day moving average price is $245.53 and its 200 day moving average price is $256.75. The firm has a market capitalization of $216.67 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. Salesforce Inc. has a 12 month low of $225.06 and a 12 month 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 earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.13. The business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company 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, sell-side analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

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

Analyst Ratings Changes

A number of analysts have issued reports on the company. Cantor Fitzgerald reissued an “overweight” rating on shares of Salesforce in a research report on Wednesday, November 12th. Northland Securities cut Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 price objective for the company. in a research note on Tuesday, October 14th. Stifel Nicolaus cut their price objective on Salesforce from $325.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, October 9th. Oppenheimer decreased their target price on Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 26th. Finally, JMP Securities reiterated a “market outperform” rating and set a $430.00 price target on shares of Salesforce in a research note on Friday, October 17th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $323.51.

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.