Wilmington Savings Fund Society FSB Lowers Stock Position in Salesforce Inc. $CRM

Wilmington Savings Fund Society FSB lessened its position in shares of Salesforce Inc. (NYSE:CRM) by 5.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 38,007 shares of the CRM provider’s stock after selling 2,299 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Salesforce were worth $10,364,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Painted Porch Advisors LLC raised its stake in shares of Salesforce by 260.0% during 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 stake in Salesforce by 450.0% during the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 90 shares in the last quarter. CBIZ Investment Advisory Services LLC increased its stake in Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 85 shares in the last quarter. Abound Financial LLC acquired a new position in Salesforce during the 1st quarter valued at approximately $31,000. Finally, Christopher J. Hasenberg Inc increased its stake in Salesforce by 383.3% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after purchasing an additional 92 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

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, August 8th. The shares were sold at an average price of $240.34, for a total transaction of $540,765.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,862,826,974.14. This trade represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David Blair Kirk acquired 3,400 shares of the firm’s stock in a transaction on Tuesday, September 9th. The shares were bought at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the acquisition, the director owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. This represents a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 76,500 shares of company stock worth $19,049,130. Insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

CRM has been the topic of a number of recent analyst reports. BMO Capital Markets cut their price target on shares of Salesforce from $335.00 to $280.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. Needham & Company LLC restated a “buy” rating and set a $400.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Robert W. Baird cut their price target on shares of Salesforce from $365.00 to $325.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. Macquarie reiterated a “neutral” rating and issued a $290.00 price objective on shares of Salesforce in a research note on Thursday, September 4th. Finally, Canaccord Genuity Group cut their price objective on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, September 4th. Twenty-six investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $331.89.

Salesforce Stock Performance

Shares of NYSE CRM opened at $248.77 on Tuesday. The company’s fifty day moving average price is $244.61 and its 200 day moving average price is $258.49. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The company has a market capitalization of $236.83 billion, a PE ratio of 36.16, a price-to-earnings-growth ratio of 2.09 and a beta of 1.19. 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 (NYSE:CRM) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm 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. On average, research analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 17th. Salesforce’s dividend payout ratio (DPR) is presently 24.13%.

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.