Garrett Wealth Advisory Group LLC Makes New Investment in Salesforce Inc. $CRM

Garrett Wealth Advisory Group LLC purchased a new stake in Salesforce Inc. (NYSE:CRM) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,738 shares of the CRM provider’s stock, valued at approximately $474,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Coign Capital Advisors LLC boosted its stake in Salesforce by 1.7% in the first quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider’s stock valued at $586,000 after acquiring an additional 37 shares in the last quarter. Staley Capital Advisers Inc. increased its position in shares of Salesforce by 1.1% in the 1st quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock valued at $897,000 after acquiring an additional 38 shares during the period. KDT Advisors LLC lifted its holdings in shares of Salesforce by 4.1% during 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 period. Mendel Money Management raised its position in Salesforce by 3.6% during the 1st quarter. Mendel Money Management now owns 1,112 shares of the CRM provider’s stock worth $298,000 after buying an additional 39 shares during the last quarter. Finally, Scott & Selber Inc. lifted its position in Salesforce by 0.7% during the second quarter. Scott & Selber Inc. now owns 5,850 shares of the CRM provider’s stock valued at $1,595,000 after purchasing an additional 39 shares during the period. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Stock Down 2.5%

Shares of CRM opened at $227.59 on Thursday. The stock has a 50 day moving average price of $245.53 and a 200 day moving average price of $256.75. Salesforce Inc. has a one year low of $225.06 and a one year 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 stock has a market capitalization of $216.67 billion, a price-to-earnings ratio of 33.08, a PEG ratio of 2.11 and a beta of 1.19.

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, beating analysts’ consensus estimates 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 analyst estimates of $10.14 billion. During the same quarter last year, the firm posted $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. Equities research analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were paid a dividend of $0.416 per share. 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%.

Insider Buying and Selling

In other news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $242.39, for a total value of $545,377.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at $2,887,245,694.69. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David Blair Kirk acquired 3,400 shares of Salesforce stock in a transaction that occurred on Tuesday, September 9th. The shares were bought at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the transaction, the director owned 3,824 shares of the company’s stock, valued at $973,819.84. This represents a 801.89% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold a total of 63,122 shares of company stock worth $15,615,413 over the last three months. Corporate insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CRM shares. Wedbush reaffirmed an “outperform” rating and set a $375.00 target price on shares of Salesforce in a report on Thursday, October 16th. Mizuho lowered their target price on shares of Salesforce from $350.00 to $340.00 and set an “outperform” rating on the stock in a research note on Monday. Northland Capmk lowered Salesforce from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 14th. Robert W. Baird reduced their price target on Salesforce from $365.00 to $325.00 and set an “outperform” rating for the company in a report on Thursday, September 4th. Finally, Roth Capital restated a “buy” rating and issued a $395.00 price objective on shares of Salesforce in a research report on Thursday, September 4th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Salesforce presently has an average rating of “Moderate Buy” and an average target price of $323.51.

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.