Duncan Williams Asset Management LLC Purchases 480 Shares of Salesforce Inc. $CRM

Duncan Williams Asset Management LLC grew its stake in Salesforce Inc. (NYSE:CRM) by 15.3% in the 2nd quarter, Holdings Channel reports. The firm owned 3,616 shares of the CRM provider’s stock after purchasing an additional 480 shares during the period. Duncan Williams Asset Management LLC’s holdings in Salesforce were worth $986,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Coign Capital Advisors LLC grew its holdings in Salesforce by 1.7% during the 1st quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider’s stock valued at $586,000 after buying an additional 37 shares in the last quarter. Staley Capital Advisers Inc. lifted its position in shares of Salesforce by 1.1% during the first quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock worth $897,000 after purchasing an additional 38 shares during the last quarter. KDT Advisors LLC raised its stake in shares of Salesforce by 4.1% during the first quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock valued at $260,000 after acquiring an additional 38 shares in the last quarter. Liberty One Investment Management LLC grew its holdings in Salesforce by 1.2% during the 1st quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider’s stock worth $849,000 after acquiring an additional 39 shares in the last quarter. Finally, First Command Advisory Services Inc. boosted its position in Salesforce by 7.3% during the first quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider’s stock valued at $154,000 after purchasing an additional 39 shares in the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on CRM shares. Wells Fargo & Company lowered their price target on shares of Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a report on Thursday, September 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Salesforce in a research note on Saturday, September 27th. KeyCorp decreased their target price on Salesforce from $440.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, September 4th. Oppenheimer decreased their target price on Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Tuesday, August 26th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $430.00 target price on shares of Salesforce in a report on Tuesday, September 2nd. Twenty-six investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $332.58.

Salesforce Stock Up 0.6%

Shares of NYSE:CRM opened at $240.25 on Monday. Salesforce Inc. has a 12-month low of $226.48 and a 12-month 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 market cap of $228.72 billion, a P/E ratio of 34.92, a P/E/G ratio of 2.08 and a beta of 1.19. The business has a fifty day simple moving average of $246.66 and a 200 day simple moving average of $260.05.

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 the consensus estimate of $2.78 by $0.13. The business had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.Salesforce’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior 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. Analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be issued 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 of this dividend is Wednesday, September 17th. Salesforce’s dividend payout ratio (DPR) is presently 24.13%.

Insiders Place Their Bets

In other news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $236.38, for a total transaction of $531,855.00. Following the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $2,815,657,152.98. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David Blair Kirk bought 3,400 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The shares were acquired at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the transaction, the director directly owned 3,824 shares in the company, valued at approximately $973,819.84. This represents a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders sold 78,750 shares of company stock valued at $19,747,868. Corporate insiders own 3.00% of the company’s stock.

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.