Wells Trecaso Financial Group LLC Grows Holdings in Salesforce Inc. $CRM

Wells Trecaso Financial Group LLC lifted its holdings in Salesforce Inc. (NYSE:CRM) by 4.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,668 shares of the CRM provider’s stock after buying an additional 1,023 shares during the quarter. Salesforce makes up about 1.9% of Wells Trecaso Financial Group LLC’s holdings, making the stock its 19th biggest holding. Wells Trecaso Financial Group LLC’s holdings in Salesforce were worth $6,181,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CRM. Nuveen LLC purchased a new stake in shares of Salesforce in the 1st quarter worth about $2,039,196,000. Longview Partners Guernsey LTD purchased a new stake in shares of Salesforce in the 1st quarter worth about $467,944,000. Pacer Advisors Inc. boosted its stake in Salesforce by 1,744.0% in the 1st quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock worth $488,486,000 after purchasing an additional 1,721,550 shares in the last quarter. Vanguard Group Inc. boosted its stake in Salesforce by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock worth $23,592,501,000 after purchasing an additional 1,383,942 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. bought a new position in Salesforce in the 1st quarter worth about $345,100,000. 80.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Salesforce news, Director David Blair Kirk purchased 3,400 shares of Salesforce stock in a transaction dated Tuesday, September 9th. The stock was purchased at an average price of $254.66 per share, with a total value of $865,844.00. Following the transaction, the director directly 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 Securities & Exchange Commission, which is accessible through this link. Also, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $236.38, for a total transaction of $531,855.00. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,815,657,152.98. The trade was a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 81,000 shares of company stock valued at $20,357,213 in the last ninety days. Insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CRM shares. Roth Capital reiterated a “buy” rating and issued a $395.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Morgan Stanley upped their price target on shares of Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. Wells Fargo & Company dropped their price target on shares of Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 4th. Bank of America dropped their price target on shares of Salesforce from $350.00 to $325.00 and set a “buy” rating on the stock in a research note on Tuesday, August 26th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Salesforce from $380.00 to $365.00 and set an “overweight” rating on the stock in a research note on Thursday, September 4th. Twenty-six equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $332.58.

Salesforce Price Performance

CRM opened at $240.25 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $228.72 billion, a P/E ratio of 34.92, a P/E/G ratio of 2.06 and a beta of 1.19. The company’s 50-day simple moving average is $246.66 and its two-hundred day simple moving average is $260.32. 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.13. The business had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.56 EPS. 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 year.

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be given a dividend of $0.416 per share. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. Salesforce’s dividend payout ratio is presently 24.13%.

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.