Salesforce Inc. $CRM Stake Lessened by Arbor Trust Wealth Advisors LLC

Arbor Trust Wealth Advisors LLC trimmed its stake in shares of Salesforce Inc. (NYSE:CRM) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,904 shares of the CRM provider’s stock after selling 215 shares during the quarter. Arbor Trust Wealth Advisors LLC’s holdings in Salesforce were worth $1,886,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CRM. Achmea Investment Management B.V. boosted its holdings in Salesforce by 9.2% during the second quarter. Achmea Investment Management B.V. now owns 148,254 shares of the CRM provider’s stock worth $40,427,000 after buying an additional 12,544 shares in the last quarter. Diversified Trust Co increased its holdings in shares of Salesforce by 30.1% in the second quarter. Diversified Trust Co now owns 27,786 shares of the CRM provider’s stock valued at $7,577,000 after buying an additional 6,430 shares in the last quarter. Andra AP fonden lifted its position in shares of Salesforce by 34.4% during the 2nd quarter. Andra AP fonden now owns 174,145 shares of the CRM provider’s stock valued at $47,488,000 after acquiring an additional 44,600 shares during the last quarter. Neville Rodie & Shaw Inc. boosted its stake in shares of Salesforce by 4.6% during the 2nd quarter. Neville Rodie & Shaw Inc. now owns 59,970 shares of the CRM provider’s stock worth $16,353,000 after acquiring an additional 2,644 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. grew its holdings in shares of Salesforce by 5.7% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 326,826 shares of the CRM provider’s stock worth $89,160,000 after acquiring an additional 17,487 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wedbush reaffirmed an “outperform” rating and set a $375.00 target price on shares of Salesforce in a report on Thursday, October 16th. DA Davidson reaffirmed a “neutral” rating and set a $225.00 price objective on shares of Salesforce in a research note on Thursday, October 16th. Canaccord Genuity Group decreased their target price 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. Northland Capmk lowered shares of Salesforce from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 14th. Finally, JMP Securities restated a “market outperform” rating and issued a $430.00 price target on shares of Salesforce in a research report on Friday, October 17th. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Salesforce presently has a consensus rating of “Moderate Buy” and an average target price of $325.23.

Salesforce Trading Up 0.3%

NYSE:CRM opened at $239.92 on Friday. The company has a market capitalization of $228.40 billion, a P/E ratio of 34.87, a P/E/G ratio of 2.11 and a beta of 1.19. The stock’s 50 day moving average price is $247.41 and its 200 day moving average price is $258.26. 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 Inc. has a 52 week low of $226.48 and a 52 week high of $369.00.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping 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 company had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the firm posted $2.56 earnings per share. The company’s revenue for the quarter 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. On average, research analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were given 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 is presently 24.13%.

Insider Buying and Selling at Salesforce

In other news, CEO Marc Benioff sold 122 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $259.00, for a total transaction of $31,598.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $3,085,096,889. This represents a 0.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 74,372 shares of company stock valued at $18,317,866 over the last ninety days. 3.00% of the stock is owned by insiders.

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.