Centennial Wealth Advisory LLC Takes $233,000 Position in Salesforce Inc. $CRM

Centennial Wealth Advisory LLC acquired a new stake in shares of Salesforce Inc. (NYSE:CRM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 852 shares of the CRM provider’s stock, valued at approximately $233,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CRM. Sterling Investment Advisors Ltd. purchased a new stake in shares of Salesforce during the second quarter worth about $201,000. Asio Capital LLC boosted its holdings in shares of Salesforce by 3.2% during the second quarter. Asio Capital LLC now owns 25,805 shares of the CRM provider’s stock worth $7,037,000 after purchasing an additional 789 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Salesforce by 4.2% during the second quarter. Janney Montgomery Scott LLC now owns 267,821 shares of the CRM provider’s stock worth $73,032,000 after purchasing an additional 10,753 shares during the period. Venture Visionary Partners LLC boosted its holdings in shares of Salesforce by 5.5% during the second quarter. Venture Visionary Partners LLC now owns 22,340 shares of the CRM provider’s stock worth $6,092,000 after purchasing an additional 1,164 shares during the period. Finally, Smith Anglin Financial LLC boosted its holdings in shares of Salesforce by 8.8% during the second quarter. Smith Anglin Financial LLC now owns 1,816 shares of the CRM provider’s stock worth $495,000 after purchasing an additional 147 shares during the period. 80.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Salesforce from $380.00 to $365.00 and set an “overweight” rating for the company in a report on Thursday, September 4th. Oppenheimer dropped their target price on shares of Salesforce from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Tuesday, August 26th. Sanford C. Bernstein dropped their target price on shares of Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a report on Thursday, September 4th. Citigroup raised their price objective on shares of Salesforce from $275.00 to $276.00 and gave the stock a “neutral” rating in a report on Tuesday, September 9th. Finally, Roth Capital restated a “buy” rating and issued a $395.00 price objective on shares of Salesforce in a report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Salesforce has a consensus rating of “Moderate Buy” and a consensus target price of $332.58.

Salesforce Price Performance

Shares of NYSE CRM opened at $244.95 on Tuesday. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00. The firm has a market cap of $233.19 billion, a P/E ratio of 35.60, a PEG ratio of 2.22 and a beta of 1.22. The company has a 50 day moving average of $248.98 and a 200 day moving average of $261.22. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $10.14 billion. During the same period in the previous year, the business earned $2.56 EPS. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. 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, research analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be issued a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, September 17th. Salesforce’s payout ratio is presently 24.13%.

Insider Buying and Selling

In other news, Director David Blair Kirk acquired 3,400 shares of the firm’s 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 acquisition, the director directly owned 3,824 shares in the company, valued at approximately $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $269.11, for a total transaction of $605,497.50. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $3,205,522,871.81. The trade was a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 78,750 shares of company stock valued at $19,889,213. 3.00% of the stock is owned by company insiders.

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.