CFM Wealth Partners LLC Sells 8,103 Shares of Salesforce Inc. $CRM

CFM Wealth Partners LLC decreased its holdings in shares of Salesforce Inc. (NYSE:CRM) by 18.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,078 shares of the CRM provider’s stock after selling 8,103 shares during the quarter. Salesforce comprises approximately 1.2% of CFM Wealth Partners LLC’s portfolio, making the stock its 21st biggest holding. CFM Wealth Partners LLC’s holdings in Salesforce were worth $8,313,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Evolution Wealth Management Inc. bought a new position in Salesforce in the 2nd quarter worth about $27,000. Marquette Asset Management LLC purchased a new stake in shares of Salesforce in the third quarter worth about $26,000. Spurstone Advisory Services LLC bought a new position in shares of Salesforce in the second quarter valued at approximately $34,000. Quaker Wealth Management LLC grew its stake in Salesforce by 208.6% during the second quarter. Quaker Wealth Management LLC now owns 126 shares of the CRM provider’s stock valued at $34,000 after acquiring an additional 242 shares in the last quarter. Finally, Country Trust Bank grew its stake in Salesforce by 658.8% during the second quarter. Country Trust Bank now owns 129 shares of the CRM provider’s stock valued at $35,000 after acquiring an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. BTIG Research started coverage on shares of Salesforce in a research note on Tuesday, December 16th. They issued a “buy” rating and a $335.00 target price on the stock. UBS Group reiterated a “neutral” rating and issued a $260.00 price objective on shares of Salesforce in a research report on Thursday, December 4th. Weiss Ratings restated a “hold (c)” rating on shares of Salesforce in a research report on Monday, December 29th. Royal Bank Of Canada upped their target price on Salesforce from $250.00 to $290.00 and gave the stock a “sector perform” rating in a research note on Monday, January 5th. Finally, Macquarie lifted their price target on Salesforce from $250.00 to $265.00 and gave the company a “neutral” rating in a research report on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Salesforce currently has a consensus rating of “Moderate Buy” and an average target price of $324.51.

Insider Buying and Selling

In other news, Director Neelie Kroes sold 3,893 shares of Salesforce stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $238.70, for a total value of $929,259.10. Following the transaction, the director owned 7,299 shares in the company, valued at approximately $1,742,271.30. The trade was a 34.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Blair Kirk bought 1,936 shares of the stock in a transaction dated Wednesday, December 17th. The stock was bought at an average cost of $258.64 per share, with a total value of $500,727.04. Following the purchase, the director owned 10,677 shares in the company, valued at $2,761,499.28. The trade was a 22.15% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 143,177 shares of company stock worth $33,714,069 over the last 90 days. Insiders own 3.00% of the company’s stock.

Salesforce Price Performance

CRM opened at $229.41 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $214.96 billion, a P/E ratio of 30.63, a PEG ratio of 1.70 and a beta of 1.26. The stock has a 50-day moving average price of $247.39 and a 200-day moving average price of $248.44. Salesforce Inc. has a 12-month low of $218.96 and a 12-month high of $367.09.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.39. The company had revenue of $10.26 billion for the quarter, compared to analysts’ expectations of $10.27 billion. Salesforce had a return on equity of 14.41% and a net margin of 17.91%.Salesforce’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $2.41 EPS. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. Equities analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Thursday, December 18th were issued a dividend of $0.416 per share. The ex-dividend date of this dividend was Thursday, December 18th. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. Salesforce’s dividend payout ratio (DPR) is currently 22.16%.

Salesforce Company Profile

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.