King Wealth Management Group Increases Holdings in Salesforce Inc. $CRM

King Wealth Management Group lifted its holdings in Salesforce Inc. (NYSE:CRM) by 71.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,455 shares of the CRM provider’s stock after acquiring an additional 1,026 shares during the period. King Wealth Management Group’s holdings in Salesforce were worth $669,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC grew its stake in shares of Salesforce by 13.7% during the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after buying an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Salesforce by 12.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock worth $611,000 after purchasing an additional 205 shares during the last quarter. Bison Wealth LLC increased its stake in Salesforce by 9.0% during the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock valued at $747,000 after purchasing an additional 184 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Salesforce by 0.8% in the first quarter. Victory Capital Management Inc. now owns 506,104 shares of the CRM provider’s stock worth $135,818,000 after buying an additional 3,940 shares during the last quarter. Finally, Welch & Forbes LLC lifted its stake in shares of Salesforce by 1.4% during the first quarter. Welch & Forbes LLC now owns 9,526 shares of the CRM provider’s stock worth $2,556,000 after buying an additional 131 shares during the period. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Salesforce

In other news, CEO Marc Benioff sold 122 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $259.00, for a total value of $31,598.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at $3,085,096,889. This represents a 0.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders have sold 67,622 shares of company stock worth $16,714,561. Insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CRM shares. JPMorgan Chase & Co. cut their price target on Salesforce from $380.00 to $365.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Salesforce in a research note on Wednesday. UBS Group lowered their price target on shares of Salesforce from $300.00 to $260.00 and set a “neutral” rating on the stock in a report on Monday, August 18th. Northland Capmk cut shares of Salesforce from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 14th. Finally, Morgan Stanley increased their target price 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. Twenty-five analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $325.23.

Salesforce Stock Down 2.4%

CRM stock opened at $240.13 on Friday. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. The firm has a 50-day simple moving average of $246.64 and a 200-day simple moving average of $257.78. The stock has a market capitalization of $228.60 billion, a P/E ratio of 34.90, a P/E/G ratio of 2.11 and a beta of 1.19.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The company had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the previous year, the firm posted $2.56 EPS. Salesforce’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. Equities analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

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