Blodgett Wealth Advisors LLC Increases Position in Salesforce Inc. $CRM

Blodgett Wealth Advisors LLC grew its stake in Salesforce Inc. (NYSE:CRM) by 6.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,213 shares of the CRM provider’s stock after acquiring an additional 200 shares during the quarter. Salesforce comprises about 0.7% of Blodgett Wealth Advisors LLC’s portfolio, making the stock its 25th biggest position. Blodgett Wealth Advisors LLC’s holdings in Salesforce were worth $876,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bernard Wealth Management Corp. purchased a new position in Salesforce during the 4th quarter worth $25,000. Wood Tarver Financial Group LLC purchased a new position in Salesforce during the 4th quarter worth $35,000. Capital A Wealth Management LLC grew 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 worth $30,000 after buying an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC grew 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 worth $30,000 after buying an additional 85 shares during the last quarter. Finally, Abound Financial LLC purchased a new position in Salesforce during the 1st quarter worth $31,000. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Salesforce Price Performance

Shares of Salesforce stock opened at $239.09 on Wednesday. The business has a 50 day simple moving average of $251.97 and a two-hundred day simple moving average of $263.73. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The stock has a market capitalization of $227.61 billion, a P/E ratio of 34.75, a PEG ratio of 2.21 and a beta of 1.22. 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 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the prior year, the firm earned $2.56 earnings per share. 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, 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. Shareholders of record on Wednesday, September 17th will be issued a dividend of $0.416 per share. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. Salesforce’s dividend payout ratio is presently 24.13%.

Wall Street Analyst Weigh In

CRM has been the topic of several research analyst reports. Stifel Nicolaus dropped their target price on Salesforce from $375.00 to $325.00 and set a “buy” rating on the stock in a research note on Wednesday, August 13th. JMP Securities restated a “market outperform” rating and set a $430.00 target price on shares of Salesforce in a research note on Tuesday, September 2nd. Deutsche Bank Aktiengesellschaft dropped their target price on Salesforce from $400.00 to $340.00 and set a “buy” rating on the stock in a research note on Thursday, September 4th. KeyCorp lowered their price target on Salesforce from $440.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, September 4th. Finally, UBS Group lowered their price target on Salesforce from $300.00 to $260.00 and set a “neutral” rating for the company in a research report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $332.58.

Insider Buying and Selling

In other news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $257.02, for a total value of $578,295.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at $3,061,511,978.42. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David Blair Kirk purchased 3,400 shares of the company’s stock in a transaction dated Tuesday, September 9th. The stock was bought at an average price of $254.66 per share, with a total value of $865,844.00. Following the completion of the transaction, the director directly 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. Insiders have sold 75,077 shares of company stock valued at $19,099,953 in the last three months. Insiders own 3.00% of the company’s stock.

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.