Sound View Wealth Advisors Group LLC Reduces Holdings in Salesforce Inc. $CRM

Sound View Wealth Advisors Group LLC reduced its holdings in shares of Salesforce Inc. (NYSE:CRM) by 7.1% in the second quarter, Holdings Channel reports. The institutional investor owned 5,876 shares of the CRM provider’s stock after selling 449 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in Salesforce were worth $1,602,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of CRM. Rathbones Group PLC grew its position in shares of Salesforce by 22.5% during the 2nd quarter. Rathbones Group PLC now owns 695,180 shares of the CRM provider’s stock valued at $189,569,000 after acquiring an additional 127,687 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Salesforce during the second quarter valued at $33,436,000. Delta Financial Advisors LLC grew its holdings in Salesforce by 1.7% during the second quarter. Delta Financial Advisors LLC now owns 6,092 shares of the CRM provider’s stock valued at $1,661,000 after purchasing an additional 103 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Salesforce by 7.4% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,954,583 shares of the CRM provider’s stock valued at $532,995,000 after purchasing an additional 134,639 shares during the period. Finally, Parkside Financial Bank & Trust increased its position in Salesforce by 4.7% in the second quarter. Parkside Financial Bank & Trust now owns 2,906 shares of the CRM provider’s stock worth $792,000 after buying an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insider Buying and Selling

In other news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $251.12, for a total transaction of $565,020.00. Following the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $2,991,233,709.52. The trade was a 0.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David Blair Kirk purchased 3,400 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The shares were bought at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the acquisition, the director directly owned 3,824 shares in the company, valued at $973,819.84. This trade represents a 801.89% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders sold 72,122 shares of company stock valued at $17,785,853. Company insiders own 3.00% of the company’s stock.

Salesforce Stock Performance

NYSE:CRM opened at $239.92 on Monday. The company has a market cap of $228.40 billion, a price-to-earnings ratio of 34.87, a PEG ratio of 2.11 and a beta of 1.19. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The stock’s 50 day simple moving average is $247.41 and its two-hundred day simple moving average is $258.32. 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 announced its 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. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the prior year, the company earned $2.56 EPS. The business’s revenue was up 9.8% compared to the same quarter last year. 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 anticipate that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were paid a $0.416 dividend. This represents a $1.66 annualized dividend and a dividend 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%.

Wall Street Analysts Forecast Growth

CRM has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 price objective on shares of Salesforce in a research report on Thursday, October 16th. Wedbush reaffirmed an “outperform” rating and set a $375.00 price target on shares of Salesforce in a report on Thursday, October 16th. Canaccord Genuity Group reduced their price objective on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, September 4th. DA Davidson restated a “neutral” rating and set a $225.00 target price on shares of Salesforce in a research note on Thursday, October 16th. Finally, UBS Group dropped their target price on shares of Salesforce from $300.00 to $260.00 and set a “neutral” rating for the company in a report on Monday, August 18th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $325.23.

About Salesforce

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.