Elmwood Wealth Management Inc. Lowers Position in Salesforce Inc. $CRM

Elmwood Wealth Management Inc. trimmed its stake in Salesforce Inc. (NYSE:CRM) by 0.9% in the second quarter, Holdings Channel.com reports. The firm owned 8,001 shares of the CRM provider’s stock after selling 76 shares during the quarter. Elmwood Wealth Management Inc.’s holdings in Salesforce were worth $2,182,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Salesforce by 1.6% during the first quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock worth $23,592,501,000 after buying an additional 1,383,942 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Salesforce by 6.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider’s stock worth $2,484,616,000 after buying an additional 600,386 shares during the period. Goldman Sachs Group Inc. grew its stake in Salesforce by 5.1% during the first quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider’s stock worth $2,419,037,000 after buying an additional 437,435 shares during the period. Nuveen LLC purchased a new stake in Salesforce during the first quarter worth approximately $2,039,196,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Salesforce by 4.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,362,035 shares of the CRM provider’s stock worth $1,707,316,000 after buying an additional 295,681 shares during the period. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CRM. Bank of America decreased their price objective on shares of Salesforce from $350.00 to $325.00 and set a “buy” rating for the company in a research note on Tuesday, August 26th. JPMorgan Chase & Co. decreased their price objective on shares of Salesforce from $380.00 to $365.00 and set an “overweight” rating for the company in a research note on Thursday, September 4th. Roth Capital reiterated a “buy” rating and set a $395.00 price objective on shares of Salesforce in a research note on Thursday, September 4th. BMO Capital Markets decreased their target price on shares of Salesforce from $335.00 to $280.00 and set an “outperform” rating for the company in a research note on Thursday, September 4th. Finally, UBS Group decreased their target price on shares of Salesforce from $300.00 to $260.00 and set a “neutral” rating for the company in a research note on Monday, August 18th. Twenty-six equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $331.89.

Insider Transactions at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $239.79, for a total value of $539,527.50. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,856,275,610.09. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 76,500 shares of company stock valued at $19,049,130 over the last 90 days. Corporate insiders own 3.00% of the company’s stock.

Salesforce Trading Up 2.9%

CRM opened at $248.77 on Tuesday. The stock has a market capitalization of $236.83 billion, a PE ratio of 36.16, a P/E/G ratio of 2.09 and a beta of 1.19. The firm’s fifty day moving average price is $244.61 and its 200 day moving average price is $258.49. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00.

Salesforce (NYSE:CRM) last posted 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. The firm had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.56 earnings per share. 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, research analysts expect 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 was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were issued a $0.416 dividend. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $1.66 annualized dividend and a yield of 0.7%. Salesforce’s dividend payout ratio is currently 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.