Stratos Wealth Partners LTD. Boosts Position in Salesforce Inc. $CRM

Stratos Wealth Partners LTD. boosted its holdings in shares of Salesforce Inc. (NYSE:CRM) by 0.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 32,371 shares of the CRM provider’s stock after purchasing an additional 84 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Salesforce were worth $8,827,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. AssuredPartners Investment Advisors LLC increased its holdings in shares of Salesforce by 24.7% during the 2nd quarter. AssuredPartners Investment Advisors LLC now owns 2,906 shares of the CRM provider’s stock valued at $792,000 after purchasing an additional 575 shares in the last quarter. Private Trust Co. NA increased its holdings in shares of Salesforce by 1.1% during the 2nd quarter. Private Trust Co. NA now owns 9,445 shares of the CRM provider’s stock valued at $2,576,000 after purchasing an additional 101 shares in the last quarter. Angeles Wealth Management LLC increased its holdings in shares of Salesforce by 29.9% during the 2nd quarter. Angeles Wealth Management LLC now owns 5,363 shares of the CRM provider’s stock valued at $1,462,000 after purchasing an additional 1,235 shares in the last quarter. Applied Finance Capital Management LLC purchased a new position in shares of Salesforce during the 2nd quarter valued at approximately $2,427,000. Finally, Sage Private Wealth Group LLC increased its holdings in shares of Salesforce by 12.5% during the 2nd quarter. Sage Private Wealth Group LLC now owns 2,228 shares of the CRM provider’s stock valued at $608,000 after purchasing an additional 247 shares in the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $238.37, for a total transaction of $536,332.50. Following the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $2,839,361,179.27. The trade was a 0.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 78,750 shares of company stock worth $19,521,495. Insiders own 3.00% of the company’s stock.

Salesforce Trading Down 1.1%

Shares of CRM opened at $243.27 on Friday. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. The firm’s fifty day moving average is $244.38 and its two-hundred day moving average is $257.87. The stock has a market cap of $231.59 billion, a PE ratio of 35.36, a price-to-earnings-growth ratio of 2.13 and a beta of 1.19.

Salesforce (NYSE:CRM) last announced its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the previous year, the company posted $2.56 EPS. The firm’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. Research analysts forecast 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, October 9th. Shareholders of record on Wednesday, September 17th were paid a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 17th. Salesforce’s payout ratio is 24.13%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CRM. Wells Fargo & Company cut their target price on shares of Salesforce from $275.00 to $265.00 and set an “equal weight” rating for the company in a report on Thursday, September 4th. KeyCorp cut their target price on shares of Salesforce from $440.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, September 4th. DA Davidson reissued a “neutral” rating and issued a $225.00 price target on shares of Salesforce in a research note on Thursday. Sanford C. Bernstein dropped their price target on shares of Salesforce from $255.00 to $221.00 and set an “underperform” rating on the stock in a research note on Thursday, September 4th. Finally, Northland Capmk cut shares of Salesforce from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and an average target price of $325.23.

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.