Journey Strategic Wealth LLC Grows Stock Position in Salesforce Inc. $CRM

Journey Strategic Wealth LLC raised its holdings in Salesforce Inc. (NYSE:CRM) by 24.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,158 shares of the CRM provider’s stock after buying an additional 1,210 shares during the quarter. Journey Strategic Wealth LLC’s holdings in Salesforce were worth $1,679,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Nuveen LLC acquired a new position in Salesforce in the first quarter valued at $2,039,196,000. Acadian Asset Management LLC raised its holdings in shares of Salesforce by 1,729.6% in the 2nd quarter. Acadian Asset Management LLC now owns 1,973,141 shares of the CRM provider’s stock worth $538,020,000 after purchasing an additional 1,865,297 shares during the period. Longview Partners Guernsey LTD acquired a new position in shares of Salesforce in the 1st quarter valued at about $467,944,000. Pacer Advisors Inc. raised its holdings in Salesforce by 1,744.0% in the first 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. Finally, Vanguard Group Inc. lifted its position in Salesforce by 1.6% during the first 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 in the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Northland Securities downgraded shares of Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 target price on the stock. in a research note on Tuesday, October 14th. BMO Capital Markets lowered their target price on Salesforce from $335.00 to $280.00 and set an “outperform” rating for the company in a research note on Thursday, September 4th. Canaccord Genuity Group reduced their price target on Salesforce from $350.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, September 4th. Mizuho lowered their price objective on shares of Salesforce from $350.00 to $340.00 and set an “outperform” rating for the company in a research report on Monday. Finally, JPMorgan Chase & Co. reduced their target price on shares of Salesforce from $380.00 to $365.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $323.51.

Insider Activity at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $245.09, for a total transaction of $551,452.50. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $2,919,406,936.39. This represents a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David Blair Kirk acquired 3,400 shares of Salesforce stock in a transaction that occurred on Tuesday, September 9th. The shares were 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 of the company’s stock, valued at $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders sold 60,872 shares of company stock valued at $15,058,156. Insiders own 3.00% of the company’s stock.

Salesforce Trading Down 1.0%

NYSE CRM opened at $225.53 on Friday. The company has a market capitalization of $214.70 billion, a price-to-earnings ratio of 32.78, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. 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 $223.30 and a 12 month high of $369.00. The company’s fifty day moving average price is $245.12 and its two-hundred day moving average price is $256.54.

Salesforce (NYSE:CRM) last issued its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (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 business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the prior year, the business posted $2.56 EPS. The company’s revenue for the quarter 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. As a group, research analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were given a $0.416 dividend. The ex-dividend date was Wednesday, September 17th. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. Salesforce’s dividend payout ratio (DPR) is presently 24.13%.

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.