Folger Nolan Fleming Douglas Capital Management Inc. Acquires 764 Shares of Salesforce Inc. $CRM

Folger Nolan Fleming Douglas Capital Management Inc. lifted its holdings in Salesforce Inc. (NYSE:CRM) by 9.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,594 shares of the CRM provider’s stock after acquiring an additional 764 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Salesforce were worth $2,343,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Nuveen LLC purchased a new stake in Salesforce in the 1st quarter worth about $2,039,196,000. Longview Partners Guernsey LTD purchased a new stake in Salesforce in the 1st quarter worth about $467,944,000. Pacer Advisors Inc. raised its position in Salesforce by 1,744.0% in the 1st quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock worth $488,486,000 after purchasing an additional 1,721,550 shares during the period. Vanguard Group Inc. raised its position in Salesforce by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock worth $23,592,501,000 after purchasing an additional 1,383,942 shares during the period. Finally, Diamond Hill Capital Management Inc. purchased a new stake in Salesforce in the 1st quarter worth about $345,100,000. Institutional investors own 80.43% of the company’s stock.

Insider Activity at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $248.40, for a total value of $558,900.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $2,958,834,236.40. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Blair Kirk purchased 3,400 shares of the business’s stock in a transaction on Tuesday, September 9th. The stock was purchased at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the acquisition, the director directly owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. The trade was a 801.89% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 78,750 shares of company stock worth $19,634,805. 3.00% of the stock is currently owned by corporate insiders.

Salesforce Stock Performance

Shares of CRM stock opened at $242.11 on Friday. The firm has a market cap of $230.49 billion, a price-to-earnings ratio of 35.19, a PEG ratio of 2.12 and a beta of 1.19. The company’s 50 day moving average is $244.68 and its 200 day moving average is $258.93. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.13. The company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. Salesforce’s revenue was up 9.8% compared to the same quarter last year. During the same period 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. On average, sell-side analysts anticipate that Salesforce Inc. will post 7.46 EPS 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 issued 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 (DPR) is presently 24.13%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Roth Capital reissued a “buy” rating and issued a $395.00 price objective on shares of Salesforce in a research report on Thursday, September 4th. Wells Fargo & Company reduced 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. Royal Bank Of Canada decreased their price target on shares of Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a research note on Thursday, September 4th. Barclays decreased their price target on shares of Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a research note on Monday, August 18th. Finally, Citigroup lifted their price target 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. Twenty-six research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $331.89.

Salesforce 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.