Newman Dignan & Sheerar Inc. Sells 55 Shares of Salesforce Inc. $CRM

Newman Dignan & Sheerar Inc. lowered its position in Salesforce Inc. (NYSE:CRM) by 1.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,199 shares of the CRM provider’s stock after selling 55 shares during the quarter. Newman Dignan & Sheerar Inc.’s holdings in Salesforce were worth $1,145,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CRM. Painted Porch Advisors LLC grew its stake in Salesforce by 260.0% in the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after purchasing an additional 65 shares during the last quarter. 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 valued at $30,000 after purchasing an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its holdings in Salesforce by 314.8% in 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 period. Abound Financial LLC purchased a new position in Salesforce during the 1st quarter worth approximately $31,000. Finally, Christopher J. Hasenberg Inc boosted its holdings in shares of Salesforce by 383.3% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after acquiring an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insider Activity at Salesforce

In other news, Director David Blair Kirk purchased 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The stock was purchased at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the transaction, the director owned 3,824 shares of the company’s stock, valued at $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $244.53, for a total value of $550,192.50. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $2,912,736,456.63. The trade was a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 78,750 shares of company stock valued at $19,825,358 over the last quarter. 3.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CRM. Sanford C. Bernstein reduced 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. Barclays decreased their price objective on Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a report on Monday, August 18th. Royal Bank Of Canada dropped their target price on Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a report on Thursday, September 4th. Stifel Nicolaus decreased their price target on Salesforce from $375.00 to $325.00 and set a “buy” rating for the company in a report on Wednesday, August 13th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $325.00 price objective on shares of Salesforce in a research report on Thursday, September 4th. Twenty-six equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Salesforce has an average rating of “Moderate Buy” and an average price target of $332.58.

Salesforce Stock Performance

CRM opened at $235.72 on Thursday. The firm’s fifty day simple moving average is $247.81 and its two-hundred day simple moving average is $260.87. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00. The company has a market cap of $224.40 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 2.16 and a beta of 1.19. 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 released its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share 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 firm had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the firm earned $2.56 EPS. The company’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. Equities analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be given a $0.416 dividend. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, September 17th. Salesforce’s dividend payout ratio (DPR) is 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.