Empower Advisory Group LLC Acquires 9,535 Shares of Salesforce Inc. $CRM

Empower Advisory Group LLC lifted its stake in Salesforce Inc. (NYSE:CRM) by 2.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 373,095 shares of the CRM provider’s stock after acquiring an additional 9,535 shares during the quarter. Empower Advisory Group LLC’s holdings in Salesforce were worth $101,739,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Painted Porch Advisors LLC increased its holdings in shares of Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after acquiring an additional 65 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its stake in shares of Salesforce by 314.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 85 shares during the last quarter. Christopher J. Hasenberg Inc increased its position in Salesforce by 383.3% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after purchasing an additional 92 shares in the last quarter. Maseco LLP acquired a new position in Salesforce in the 2nd quarter worth about $34,000. Finally, Spurstone Advisory Services LLC bought a new position in shares of Salesforce during the second quarter valued at $34,000. 80.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Salesforce

In other news, CEO Marc Benioff sold 122 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $259.00, for a total value of $31,598.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $3,085,096,889. The trade was a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders sold 67,622 shares of company stock valued at $16,714,561. 3.00% of the stock is currently owned by company insiders.

Salesforce Stock Performance

Shares of Salesforce stock opened at $243.86 on Friday. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The firm’s 50-day moving average is $246.51 and its 200 day moving average is $257.63. The stock has a market cap of $232.16 billion, a price-to-earnings ratio of 35.45, a PEG ratio of 2.11 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12.

Salesforce (NYSE:CRM) last issued its earnings results 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. The business 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 business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company earned $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. Sell-side analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders 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 was Wednesday, September 17th. Salesforce’s dividend payout ratio (DPR) is currently 24.13%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CRM shares. Barclays lowered their price objective on Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a research report on Monday, August 18th. Stifel Nicolaus lowered their price objective on Salesforce from $325.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, October 9th. DA Davidson reiterated a “neutral” rating and issued a $225.00 price objective on shares of Salesforce in a research report on Thursday, October 16th. Canaccord Genuity Group lowered their price objective on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, September 4th. Finally, BMO Capital Markets reduced their price target on Salesforce from $335.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, September 4th. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $325.23.

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.