Wilmington Savings Fund Society FSB Cuts Position in Salesforce Inc. $CRM

Wilmington Savings Fund Society FSB lessened its holdings in Salesforce Inc. (NYSE:CRM) by 5.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,007 shares of the CRM provider’s stock after selling 2,299 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Salesforce were worth $10,364,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Coign Capital Advisors LLC grew its holdings in shares of Salesforce by 1.7% during the first quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider’s stock valued at $586,000 after buying an additional 37 shares during the last quarter. Staley Capital Advisers Inc. boosted its holdings in Salesforce by 1.1% in the first quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock worth $897,000 after purchasing an additional 38 shares during the last quarter. KDT Advisors LLC boosted its holdings in Salesforce by 4.1% in the first quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock worth $260,000 after purchasing an additional 38 shares during the last quarter. Liberty One Investment Management LLC boosted its holdings in Salesforce by 1.2% in the first quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider’s stock worth $849,000 after purchasing an additional 39 shares during the last quarter. Finally, First Command Advisory Services Inc. boosted its holdings in Salesforce by 7.3% in the first quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider’s stock worth $154,000 after purchasing an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insider Activity

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $240.34, for a total value of $540,765.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,862,826,974.14. The trade was a 0.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Blair Kirk acquired 3,400 shares of the stock in a transaction on Tuesday, September 9th. The stock was bought at an average cost of $254.66 per share, with a total value of $865,844.00. Following the completion of the transaction, the director owned 3,824 shares in the company, valued at $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 76,500 shares of company stock worth $19,049,130 over the last quarter. 3.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CRM has been the topic of several research reports. Morgan Stanley raised their target price on shares of Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. Stifel Nicolaus decreased their price target on shares of Salesforce from $325.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, October 9th. Citigroup increased their price target on shares of Salesforce from $275.00 to $276.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 9th. Robert W. Baird decreased their price target on shares of Salesforce from $365.00 to $325.00 and set an “outperform” rating on the stock in a research report on Thursday, September 4th. Finally, BMO Capital Markets decreased their price target on shares of Salesforce from $335.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, September 4th. Twenty-six investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Salesforce currently has an average rating of “Moderate Buy” and a consensus target price of $331.89.

Salesforce Stock Performance

Shares of NYSE CRM opened at $248.77 on Tuesday. The firm’s fifty day moving average is $244.61 and its two-hundred day moving average is $258.49. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00. 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 company has a market cap of $236.83 billion, a P/E ratio of 36.16, a P/E/G ratio of 2.09 and a beta of 1.19.

Salesforce (NYSE:CRM) last posted its earnings results 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 firm had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the firm posted $2.56 EPS. The business’s quarterly revenue 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, analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

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

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.