First County Bank CT Reduces Stock Position in Salesforce Inc. $CRM

First County Bank CT cut its stake in Salesforce Inc. (NYSE:CRM) by 12.2% in the second quarter, Holdings Channel.com reports. The firm owned 7,682 shares of the CRM provider’s stock after selling 1,063 shares during the quarter. Salesforce makes up approximately 1.1% of First County Bank CT’s investment portfolio, making the stock its 23rd biggest position. First County Bank CT’s holdings in Salesforce were worth $2,095,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CRM. Coign Capital Advisors LLC lifted its holdings in Salesforce by 1.7% in the first quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider’s stock valued at $586,000 after acquiring an additional 37 shares during the last quarter. Staley Capital Advisers Inc. lifted its holdings in Salesforce by 1.1% in the first quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock valued at $897,000 after acquiring an additional 38 shares during the last quarter. KDT Advisors LLC lifted its holdings in Salesforce by 4.1% in the first quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock valued at $260,000 after acquiring an additional 38 shares during the last quarter. Liberty One Investment Management LLC lifted its holdings in Salesforce by 1.2% in the first quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider’s stock valued at $849,000 after acquiring an additional 39 shares during the last quarter. Finally, First Command Advisory Services Inc. lifted its holdings in Salesforce by 7.3% in the first quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider’s stock valued at $154,000 after acquiring an additional 39 shares during the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Salesforce Stock Up 1.1%

Salesforce stock opened at $243.58 on Monday. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market cap of $231.89 billion, a PE ratio of 35.40, a P/E/G ratio of 2.22 and a beta of 1.22. The stock’s fifty day moving average is $249.32 and its two-hundred day moving average is $261.46.

Salesforce (NYSE:CRM) last posted its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The company had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same period last year, the firm earned $2.56 earnings per share. Salesforce’s quarterly 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. On average, sell-side analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be issued a dividend of $0.416 per share. The ex-dividend date of this dividend is 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%.

Insider Activity

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $269.38, for a total transaction of $606,105.00. Following the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $3,208,738,995.98. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David Blair Kirk acquired 3,400 shares of the company’s stock in a transaction on Tuesday, September 9th. The shares were purchased at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the acquisition, the director owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. The trade was a 801.89% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 78,750 shares of company stock worth $19,955,745. Corporate insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on CRM. Macquarie reiterated a “neutral” rating and issued a $290.00 price objective on shares of Salesforce in a report on Thursday, September 4th. Royal Bank Of Canada lowered their price target on Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a research report on Thursday, September 4th. UBS Group lowered their price target on Salesforce from $300.00 to $260.00 and set a “neutral” rating for the company in a research report on Monday, August 18th. Needham & Company LLC restated a “buy” rating and set a $400.00 price target on shares of Salesforce in a research report on Thursday, September 4th. Finally, Morgan Stanley raised their price target on Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and a consensus target price of $332.58.

Salesforce 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.