MBL Wealth LLC Has $458,000 Stock Position in Salesforce Inc. $CRM

MBL Wealth LLC reduced its position in Salesforce Inc. (NYSE:CRM) by 41.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,680 shares of the CRM provider’s stock after selling 1,200 shares during the period. MBL Wealth LLC’s holdings in Salesforce were worth $458,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Diversified Trust Co increased its position in Salesforce by 30.1% in the 2nd quarter. Diversified Trust Co now owns 27,786 shares of the CRM provider’s stock worth $7,577,000 after purchasing an additional 6,430 shares during the last quarter. Neville Rodie & Shaw Inc. increased its position in Salesforce by 4.6% in the 2nd quarter. Neville Rodie & Shaw Inc. now owns 59,970 shares of the CRM provider’s stock worth $16,353,000 after purchasing an additional 2,644 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs bought a new stake in shares of Salesforce during the 1st quarter worth about $9,367,000. Jones Financial Companies Lllp boosted its stake in shares of Salesforce by 31.2% during the 1st 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. boosted its stake in shares of Salesforce by 6.8% during the 2nd 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 and hedge funds.

Insider Activity at Salesforce

In related news, Director David Blair Kirk bought 3,400 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was 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 of the company’s stock, valued at $973,819.84. This represents a 801.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $265.77, for a total value of $597,982.50. Following the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $3,165,738,224.67. 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 81,000 shares of company stock valued at $20,357,213 in the last 90 days. 3.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Roth Capital reiterated a “buy” rating and set a $395.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Bank of America decreased their price target on Salesforce from $350.00 to $325.00 and set a “buy” rating for the company in a research note on Tuesday, August 26th. DA Davidson upgraded Salesforce from an “underperform” rating to a “neutral” rating and set a $225.00 price target for the company in a research note on Friday, August 15th. Morgan Stanley upped their price target on Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $325.00 price target on shares of Salesforce in a research note on Thursday, September 4th. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $332.58.

Salesforce Price Performance

Shares of CRM stock opened at $240.25 on Friday. The stock has a 50 day moving average of $246.66 and a two-hundred day moving average of $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 12 month low of $226.48 and a 12 month high of $369.00. The company has a market capitalization 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.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping 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 EPS. The company’s quarterly revenue 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. As a group, equities analysts expect that Salesforce Inc. will post 7.46 EPS 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 given 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 is Wednesday, September 17th. Salesforce’s dividend payout ratio (DPR) 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.