Fulton Breakefield Broenniman LLC Decreases Holdings in Salesforce Inc. $CRM

Fulton Breakefield Broenniman LLC decreased its position in shares of Salesforce Inc. (NYSE:CRM) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,258 shares of the CRM provider’s stock after selling 996 shares during the quarter. Salesforce accounts for about 1.0% of Fulton Breakefield Broenniman LLC’s holdings, making the stock its 29th biggest position. Fulton Breakefield Broenniman LLC’s holdings in Salesforce were worth $15,341,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Painted Porch Advisors LLC lifted its stake in Salesforce by 260.0% in the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after buying an additional 65 shares in the last quarter. Capital A Wealth Management LLC lifted its stake in Salesforce by 450.0% in the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after buying an additional 90 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted 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 in the last quarter. Abound Financial LLC purchased a new stake in Salesforce in the 1st quarter valued at approximately $31,000. Finally, Christopher J. Hasenberg Inc lifted its stake in Salesforce by 383.3% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after buying an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Stock Up 0.2%

Shares of NYSE CRM opened at $240.23 on Thursday. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00. The company has a market cap of $228.70 billion, a P/E ratio of 34.92, a P/E/G ratio of 2.07 and a beta of 1.19. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The stock has a fifty day moving average price of $245.13 and a 200 day moving average price of $259.53.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the firm earned $2.56 EPS. The firm’s quarterly revenue 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 anticipate that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be issued a $0.416 dividend. 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 currently 24.13%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CRM. Piper Sandler reduced their target price on Salesforce from $335.00 to $315.00 and set an “overweight” rating on the stock in a research note on Thursday, September 4th. KeyCorp reduced their price target on Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, September 4th. Bank of America reduced their price target on Salesforce from $350.00 to $325.00 and set a “buy” rating on the stock in a research note on Tuesday, August 26th. Barclays reduced their price target on Salesforce from $347.00 to $316.00 and set an “overweight” rating on the stock in a research note on Monday, August 18th. Finally, Needham & Company LLC reissued a “buy” rating and set a $400.00 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 assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Salesforce presently has a consensus rating of “Moderate Buy” and a consensus price target of $332.58.

Insider Transactions at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $241.32, for a total value of $542,970.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,874,500,313.72. This represents a 0.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders sold 78,750 shares of company stock valued at $19,679,535. 3.00% of the stock is currently owned by corporate insiders.

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.