Hill Island Financial LLC Purchases 342 Shares of Salesforce Inc. $CRM

Hill Island Financial LLC raised its holdings in shares of Salesforce Inc. (NYSE:CRM) by 13.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,838 shares of the CRM provider’s stock after acquiring an additional 342 shares during the quarter. Hill Island Financial LLC’s holdings in Salesforce were worth $774,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CRM. Vanguard Group Inc. boosted its stake in shares of Salesforce by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock worth $23,592,501,000 after buying an additional 1,383,942 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Salesforce by 6.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider’s stock valued at $2,484,616,000 after purchasing an additional 600,386 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Salesforce by 5.1% in the first quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider’s stock valued at $2,419,037,000 after purchasing an additional 437,435 shares in the last quarter. Nuveen LLC acquired a new position in shares of Salesforce during the 1st quarter worth approximately $2,039,196,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Salesforce by 4.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,362,035 shares of the CRM provider’s stock worth $1,707,316,000 after purchasing an additional 295,681 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

Insider Buying and Selling

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $265.77, for a total transaction of $597,982.50. Following the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $3,165,738,224.67. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Blair Kirk acquired 3,400 shares of the company’s stock in a transaction on Tuesday, September 9th. The stock was bought at an average cost of $254.66 per share, with a total value of $865,844.00. Following the completion of the acquisition, 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. In the last 90 days, insiders have sold 81,000 shares of company stock worth $20,357,213. Company insiders own 3.00% of the company’s stock.

Salesforce Price Performance

Shares of NYSE CRM opened at $240.25 on Friday. The firm has a market cap of $228.72 billion, a P/E ratio of 34.92, a price-to-earnings-growth ratio of 2.08 and a beta of 1.19. The business’s 50 day moving average is $246.66 and its 200-day moving average is $260.19. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00.

Salesforce (NYSE:CRM) last issued its quarterly earnings data 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 firm had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the firm posted $2.56 EPS. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Equities research analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be issued a $0.416 dividend. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. Salesforce’s payout ratio is currently 24.13%.

Wall Street Analyst Weigh In

CRM has been the subject of several analyst reports. Stifel Nicolaus decreased their target price on shares of Salesforce from $375.00 to $325.00 and set a “buy” rating for the company in a research note on Wednesday, August 13th. Robert W. Baird dropped their target price on shares of Salesforce from $365.00 to $325.00 and set an “outperform” rating on the stock in a report on Thursday, September 4th. BMO Capital Markets cut their target price on shares of Salesforce from $335.00 to $280.00 and set an “outperform” rating for the company in a research note on Thursday, September 4th. Morgan Stanley boosted their price target on Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. Finally, UBS Group cut their price objective on Salesforce from $300.00 to $260.00 and set a “neutral” rating for the company in a research report on Monday, August 18th. Twenty-six investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Salesforce presently has an average rating of “Moderate Buy” and a consensus target price of $332.58.

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.