Beaumont Asset Management L.L.C. Increases Stock Holdings in Salesforce Inc. $CRM

Beaumont Asset Management L.L.C. raised its stake in Salesforce Inc. (NYSE:CRM) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,727 shares of the CRM provider’s stock after purchasing an additional 85 shares during the period. Salesforce accounts for about 1.1% of Beaumont Asset Management L.L.C.’s holdings, making the stock its 20th biggest position. Beaumont Asset Management L.L.C.’s holdings in Salesforce were worth $2,107,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in CRM. Brighton Jones LLC grew its position 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 acquiring an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC grew its position in shares of Salesforce by 12.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock worth $611,000 after acquiring an additional 205 shares during the last quarter. Bison Wealth LLC grew its position in shares of Salesforce by 9.0% during the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock worth $747,000 after acquiring an additional 184 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Salesforce by 65.9% during the first quarter. Harbor Capital Advisors Inc. now owns 20,720 shares of the CRM provider’s stock worth $5,560,000 after acquiring an additional 8,228 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Salesforce by 13.9% during the first quarter. GAMMA Investing LLC now owns 14,166 shares of the CRM provider’s stock worth $3,802,000 after acquiring an additional 1,725 shares during the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Salesforce

In other news, Director David Blair Kirk purchased 3,400 shares of the business’s stock in a transaction dated Tuesday, September 9th. The stock was acquired at an average price of $254.66 per share, with a total value of $865,844.00. Following the purchase, the director directly owned 3,824 shares of the company’s stock, valued at $973,819.84. This represents a 801.89% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Monday, August 4th. The stock was sold at an average price of $252.42, for a total value of $567,945.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $3,006,718,751.82. This trade represents a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 78,750 shares of company stock valued at $19,679,535 in the last ninety days. Corporate insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CRM. Roth Capital restated a “buy” rating and set a $395.00 target price on shares of Salesforce in a research report on Thursday, September 4th. BMO Capital Markets lowered their target price 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. Wells Fargo & Company lowered their target price on shares of Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 4th. Barclays lowered their target price on shares of Salesforce from $347.00 to $316.00 and set an “overweight” rating on the stock in a research report on Monday, August 18th. Finally, Oppenheimer decreased their price target on Salesforce from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Tuesday, August 26th. Twenty-six investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Salesforce presently has a consensus rating of “Moderate Buy” and a consensus target price of $332.58.

Salesforce Price Performance

Salesforce stock opened at $240.23 on Thursday. Salesforce Inc. has a one year low of $226.48 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 business has a fifty day moving average of $245.13 and a two-hundred day moving average of $259.53. The company has a market cap of $228.70 billion, a P/E ratio of 34.92, a price-to-earnings-growth ratio of 2.07 and a beta of 1.19.

Salesforce (NYSE:CRM) last released its 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. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The company had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the company earned $2.56 earnings per share. Salesforce’s quarterly 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. As a group, analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 17th. Salesforce’s payout ratio is 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.