KMG Fiduciary Partners LLC Acquires 2,741 Shares of Salesforce Inc. $CRM

KMG Fiduciary Partners LLC increased its holdings in shares of Salesforce Inc. (NYSE:CRM) by 6.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,230 shares of the CRM provider’s stock after buying an additional 2,741 shares during the period. Salesforce accounts for about 0.9% of KMG Fiduciary Partners LLC’s investment portfolio, making the stock its 26th biggest holding. KMG Fiduciary Partners LLC’s holdings in Salesforce were worth $11,788,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CRM. Brighton Jones LLC raised 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 worth $8,582,000 after buying an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in Salesforce by 12.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock valued at $611,000 after purchasing an additional 205 shares in the last quarter. Bison Wealth LLC increased its stake in Salesforce by 9.0% in the fourth 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. Two Sigma Investments LP increased its stake in Salesforce by 1,004.9% in the fourth quarter. Two Sigma Investments LP now owns 120,615 shares of the CRM provider’s stock valued at $40,325,000 after purchasing an additional 109,699 shares in the last quarter. Finally, Williams Jones Wealth Management LLC. increased its stake in Salesforce by 4.9% in the fourth quarter. Williams Jones Wealth Management LLC. now owns 2,507 shares of the CRM provider’s stock valued at $838,000 after purchasing an additional 117 shares in the last quarter. 80.43% of the stock is owned by institutional investors.

Insider Transactions at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $242.39, for a total transaction of $545,377.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,887,245,694.69. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David Blair Kirk bought 3,400 shares of the business’s stock in a transaction dated Tuesday, September 9th. The shares were bought at an average price of $254.66 per share, with a total value of $865,844.00. Following the purchase, the director owned 3,824 shares in the company, valued at $973,819.84. The trade was a 801.89% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 75,077 shares of company stock valued at $19,099,953. 3.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on CRM. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Salesforce from $400.00 to $340.00 and set a “buy” rating for the company in a research note on Thursday, September 4th. DA Davidson raised shares of Salesforce from an “underperform” rating to a “neutral” rating and set a $225.00 target price for the company in a research note on Friday, August 15th. Citigroup upped their target price on shares of Salesforce from $275.00 to $276.00 and gave the company a “neutral” rating in a research note on Tuesday, September 9th. JMP Securities reaffirmed a “market outperform” rating and issued a $430.00 target price on shares of Salesforce in a research note on Tuesday, September 2nd. Finally, Sanford C. Bernstein lowered their price objective on shares of Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a research report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $332.58.

Salesforce Stock Performance

Shares of CRM stock opened at $242.00 on Thursday. The stock has a market cap of $230.38 billion, a P/E ratio of 35.17, a P/E/G ratio of 2.18 and a beta of 1.22. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The company has a fifty day moving average price of $251.39 and a two-hundred day moving average price of $263.58. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. The firm had revenue of $10.24 billion during 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 company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.56 earnings per share. 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, equities analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

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