Capital Investment Advisors LLC Has $2.86 Million Stake in Salesforce Inc. $CRM

Capital Investment Advisors LLC increased its position in Salesforce Inc. (NYSE:CRM) by 49.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 10,478 shares of the CRM provider’s stock after purchasing an additional 3,458 shares during the period. Capital Investment Advisors LLC’s holdings in Salesforce were worth $2,857,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in shares of Salesforce during the 1st quarter valued at $2,039,196,000. Longview Partners Guernsey LTD acquired a new stake in shares of Salesforce during the 1st quarter valued at $467,944,000. Pacer Advisors Inc. boosted its stake in shares of Salesforce by 1,744.0% during the 1st quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock valued at $488,486,000 after buying an additional 1,721,550 shares during the period. 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 valued at $23,592,501,000 after buying an additional 1,383,942 shares during the period. Finally, Diamond Hill Capital Management Inc. acquired a new stake in shares of Salesforce during the 1st quarter valued at $345,100,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CRM shares. Oppenheimer decreased their target price 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. Cantor Fitzgerald reissued an “overweight” rating and set a $325.00 target price on shares of Salesforce in a research note on Thursday, September 4th. Royal Bank Of Canada decreased their target price on shares of Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a research note on Thursday, September 4th. Barclays reduced their price objective 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. Finally, DA Davidson raised shares of Salesforce from an “underperform” rating to a “neutral” rating and set a $225.00 price objective for the company in a research note on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $332.58.

Salesforce Stock Performance

Shares of CRM opened at $236.92 on Wednesday. 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 $248.44 and a 200 day simple moving average of $261.05. The stock has a market capitalization of $225.55 billion, a price-to-earnings ratio of 34.44, a PEG ratio of 2.23 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 earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping the consensus estimate of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The business had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the prior year, the company posted $2.56 earnings per share. The firm’s 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. Research analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

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

Insiders Place Their Bets

In other news, Director David Blair Kirk purchased 3,400 shares of the business’s stock in a transaction on Tuesday, September 9th. The stock was purchased at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the purchase, the director directly owned 3,824 shares in the company, valued at $973,819.84. The trade was a 801.89% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction on Monday, September 29th. The shares were sold at an average price of $244.53, for a total transaction of $550,192.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $2,912,736,456.63. This represents a 0.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 81,000 shares of company stock valued at $20,439,405. Corporate insiders own 3.00% of the company’s stock.

About Salesforce

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.