Douglass Winthrop Advisors LLC Sells 760 Shares of Salesforce Inc. $CRM

Douglass Winthrop Advisors LLC reduced its stake in Salesforce Inc. (NYSE:CRM) by 7.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,786 shares of the CRM provider’s stock after selling 760 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in Salesforce were worth $2,626,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bernard Wealth Management Corp. purchased a new stake in shares of Salesforce in the fourth quarter valued at about $25,000. Accredited Wealth Management LLC bought a new stake in Salesforce in the 4th quarter worth about $27,000. Capital A Wealth Management LLC grew its position in Salesforce by 450.0% in the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock worth $30,000 after purchasing an additional 90 shares in the last quarter. CBIZ Investment Advisory Services LLC increased its stake in Salesforce by 314.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after buying an additional 85 shares during the last quarter. Finally, Abound Financial LLC bought a new position in shares of Salesforce during the 1st quarter worth approximately $31,000. 80.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CRM. Wells Fargo & Company upped their target price on Salesforce from $255.00 to $275.00 and gave the company an “equal weight” rating in a report on Thursday, May 29th. Sanford C. Bernstein boosted their price objective on Salesforce from $243.00 to $255.00 and gave the stock an “underperform” rating in a research report on Thursday, May 29th. Stephens reduced their price objective on Salesforce from $311.00 to $309.00 and set an “equal weight” rating for the company in a research note on Friday, May 30th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $275.00 target price on shares of Salesforce in a research report on Monday, August 18th. Finally, DA Davidson raised shares of Salesforce from an “underperform” rating to a “neutral” rating and set a $225.00 price target on the stock in a report on Friday, August 15th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $342.89.

Insider Activity at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $246.07, for a total value of $553,657.50. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $2,931,080,275.97. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have sold 52,577 shares of company stock worth $13,528,188. Corporate insiders own 3.00% of the company’s stock.

Salesforce Stock Up 0.9%

Shares of NYSE CRM opened at $248.0150 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $237.10 billion, a PE ratio of 38.81, a P/E/G ratio of 2.23 and a beta of 1.37. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00. The business’s fifty day moving average price is $258.37 and its 200-day moving average price is $272.44.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Wednesday, May 28th. The CRM provider reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.03. Salesforce had a return on equity of 12.94% and a net margin of 16.08%.The company had revenue of $9.83 billion during the quarter, compared to analyst estimates of $9.74 billion. During the same quarter last year, the firm posted $2.44 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.270-11.330 EPS. Q2 2026 guidance at 2.760-2.780 EPS. On average, equities research analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were given a $0.416 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. Salesforce’s payout ratio is 25.98%.

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.