Hudson Valley Investment Advisors Inc. ADV Has $9.70 Million Stock Holdings in Salesforce Inc. $CRM

Hudson Valley Investment Advisors Inc. ADV lessened its stake in Salesforce Inc. (NYSE:CRM) by 10.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 35,558 shares of the CRM provider’s stock after selling 4,186 shares during the quarter. Salesforce accounts for about 1.1% of Hudson Valley Investment Advisors Inc. ADV’s holdings, making the stock its 24th biggest position. Hudson Valley Investment Advisors Inc. ADV’s holdings in Salesforce were worth $9,696,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Diversified Trust Co grew its position in Salesforce by 30.1% in the second quarter. Diversified Trust Co now owns 27,786 shares of the CRM provider’s stock worth $7,577,000 after acquiring an additional 6,430 shares in the last quarter. Neville Rodie & Shaw Inc. grew its position in Salesforce by 4.6% in the second quarter. Neville Rodie & Shaw Inc. now owns 59,970 shares of the CRM provider’s stock worth $16,353,000 after acquiring an additional 2,644 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs bought a new stake in Salesforce in the first quarter worth approximately $9,367,000. Jones Financial Companies Lllp grew its position in Salesforce by 31.2% in the first quarter. Jones Financial Companies Lllp now owns 344,887 shares of the CRM provider’s stock worth $93,016,000 after acquiring an additional 81,916 shares in the last quarter. Finally, Wesbanco Bank Inc. grew its position in Salesforce by 6.8% in the second quarter. Wesbanco Bank Inc. now owns 110,968 shares of the CRM provider’s stock worth $30,260,000 after acquiring an additional 7,091 shares in the last quarter. 80.43% of the stock is owned by institutional investors.

Insider Buying and Selling at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $265.77, for a total value of $597,982.50. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $3,165,738,224.67. This represents a 0.02% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David Blair Kirk acquired 3,400 shares of the company’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 owned 3,824 shares in the company, valued at approximately $973,819.84. This represents a 801.89% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 81,000 shares of company stock valued at $20,357,213. Corporate insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on CRM. BMO Capital Markets decreased their target price on shares of Salesforce from $335.00 to $280.00 and set an “outperform” rating for the company in a research report on Thursday, September 4th. Wells Fargo & Company decreased their target price on shares of Salesforce from $275.00 to $265.00 and set an “equal weight” rating for the company in a research report on Thursday, September 4th. Oppenheimer reduced their price objective on shares of Salesforce from $370.00 to $315.00 and set an “outperform” rating for the company in a research note on Tuesday, August 26th. Weiss Ratings restated a “hold (c+)” rating on shares of Salesforce in a research note on Saturday, September 27th. Finally, UBS Group reduced their price objective on shares of Salesforce from $300.00 to $260.00 and set a “neutral” rating for the company in a research note on Monday, August 18th. Twenty-six research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $332.58.

Salesforce Price Performance

NYSE:CRM opened at $240.25 on Friday. The stock has a market cap of $228.72 billion, a P/E ratio of 34.92, a PEG ratio of 2.06 and a beta of 1.19. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00. The company has a fifty day moving average price of $246.66 and a 200 day moving average price of $260.32. 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 released its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating the consensus estimate of $2.78 by $0.13. The firm 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 quarterly 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 EPS. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors 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 yield of 0.7%. The ex-dividend date is Wednesday, September 17th. Salesforce’s dividend payout ratio is presently 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.