LVW Advisors LLC Increases Position in Salesforce Inc. $CRM

LVW Advisors LLC boosted its holdings in shares of Salesforce Inc. (NYSE:CRM) by 3.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 2,484 shares of the CRM provider’s stock after buying an additional 87 shares during the period. LVW Advisors LLC’s holdings in Salesforce were worth $677,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Eastover Investment Advisors LLC lifted its position in Salesforce by 1.3% in the second quarter. Eastover Investment Advisors LLC now owns 23,565 shares of the CRM provider’s stock valued at $6,426,000 after purchasing an additional 313 shares during the period. Processus Wealth & Capital Management LLC boosted its position in Salesforce by 6.1% during the 2nd quarter. Processus Wealth & Capital Management LLC now owns 9,890 shares of the CRM provider’s stock worth $2,697,000 after purchasing an additional 565 shares during the period. West Branch Capital LLC boosted its position in Salesforce by 14.7% in the 2nd quarter. West Branch Capital LLC now owns 6,732 shares of the CRM provider’s stock valued at $1,836,000 after buying an additional 861 shares during the last quarter. Valicenti Advisory Services Inc. bought a new position in shares of Salesforce during the second quarter worth about $3,036,000. Finally, Signaturefd LLC lifted its position in shares of Salesforce by 1.9% during the second quarter. Signaturefd LLC now owns 21,337 shares of the CRM provider’s stock worth $5,819,000 after purchasing an additional 396 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insider Transactions at Salesforce

In other Salesforce news, Director David Blair Kirk purchased 3,400 shares of Salesforce stock in a transaction on Tuesday, September 9th. The shares were acquired at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the transaction, 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $269.38, for a total value of $606,105.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $3,208,738,995.98. The trade was a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 78,750 shares of company stock worth $19,955,745 over the last three months. 3.00% of the stock is owned by insiders.

Salesforce Stock Performance

Shares of CRM opened at $243.58 on Friday. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The firm has a fifty day simple moving average of $249.32 and a 200 day simple moving average of $261.53. The stock has a market capitalization of $231.89 billion, a price-to-earnings ratio of 35.40, a PEG ratio of 2.22 and a beta of 1.22. 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 (NYSE:CRM) last announced its quarterly earnings results 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 net margin of 16.87% and a return on equity of 13.27%. The firm had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter last year, the company posted $2.56 earnings per share. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Research analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The company 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 dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 17th. Salesforce’s payout ratio is currently 24.13%.

Analysts Set New Price Targets

CRM has been the subject of several recent analyst reports. Stifel Nicolaus decreased their price objective on shares of Salesforce from $375.00 to $325.00 and set a “buy” rating for the company in a report on Wednesday, August 13th. Barclays decreased their target price 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. JMP Securities reiterated a “market outperform” rating and issued a $430.00 target price on shares of Salesforce in a report on Tuesday, September 2nd. DA Davidson upgraded shares of Salesforce from an “underperform” rating to a “neutral” rating and set a $225.00 price objective on the stock in a report on Friday, August 15th. Finally, UBS Group dropped their price objective on shares of Salesforce from $300.00 to $260.00 and set a “neutral” rating on the stock in a report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $332.58.

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.