Wells Trecaso Financial Group LLC Grows Holdings in Salesforce Inc. $CRM

Wells Trecaso Financial Group LLC increased its position in Salesforce Inc. (NYSE:CRM) by 4.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 22,668 shares of the CRM provider’s stock after buying an additional 1,023 shares during the quarter. Salesforce makes up about 1.9% of Wells Trecaso Financial Group LLC’s holdings, making the stock its 19th largest holding. Wells Trecaso Financial Group LLC’s holdings in Salesforce were worth $6,181,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CRM. Painted Porch Advisors LLC increased its holdings in Salesforce by 260.0% in the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after acquiring an additional 65 shares in the last quarter. Capital A Wealth Management LLC increased its holdings in Salesforce by 450.0% in the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock worth $30,000 after acquiring an additional 90 shares in the last quarter. CBIZ Investment Advisory Services LLC increased its holdings in Salesforce by 314.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after acquiring an additional 85 shares in the last quarter. Abound Financial LLC purchased a new stake in Salesforce in the 1st quarter worth approximately $31,000. Finally, Christopher J. Hasenberg Inc increased its holdings in Salesforce by 383.3% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after acquiring an additional 92 shares in the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Roth Capital reissued a “buy” rating and issued a $395.00 target price on shares of Salesforce in a report on Thursday, September 4th. Barclays cut their price objective on shares of Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a report on Monday, August 18th. Wall Street Zen lowered shares of Salesforce from a “buy” rating to a “hold” rating in a report on Friday. Canaccord Genuity Group cut their price objective on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, September 4th. Finally, Wells Fargo & Company cut their price objective on shares of Salesforce from $275.00 to $265.00 and set an “equal weight” rating for the company in a report on Thursday, September 4th. Twenty-six investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $332.58.

Insider Buying and Selling

In related news, Director David Blair Kirk purchased 3,400 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was bought at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the transaction, the director directly owned 3,824 shares in the company, valued at $973,819.84. This represents a 801.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $265.77, for a total value of $597,982.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $3,165,738,224.67. This represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 81,000 shares of company stock valued at $20,357,213 over the last quarter. Corporate insiders own 3.00% of the company’s stock.

Salesforce Stock Up 0.6%

NYSE CRM opened at $240.25 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market capitalization of $228.72 billion, a P/E ratio of 34.92, a P/E/G ratio of 2.06 and a beta of 1.19. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00. The stock has a 50 day moving average price of $246.66 and a 200-day moving average price of $260.32.

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

Salesforce Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders 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 dividend yield of 0.7%. The ex-dividend date is Wednesday, September 17th. Salesforce’s dividend payout ratio is currently 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.