Stonebridge Financial Planning Group LLC Has $359,000 Holdings in Salesforce Inc. $CRM

Stonebridge Financial Planning Group LLC lessened its stake in Salesforce Inc. (NYSE:CRM) by 17.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,318 shares of the CRM provider’s stock after selling 271 shares during the quarter. Stonebridge Financial Planning Group LLC’s holdings in Salesforce were worth $359,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Salesforce by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock valued at $23,592,501,000 after purchasing an additional 1,383,942 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Salesforce by 6.9% in the 1st 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 valued at $2,484,616,000 after purchasing an additional 600,386 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Salesforce by 5.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider’s stock valued at $2,419,037,000 after purchasing an additional 437,435 shares during the last quarter. Nuveen LLC bought a new position in shares of Salesforce in the 1st quarter valued at about $2,039,196,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Salesforce by 4.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,362,035 shares of the CRM provider’s stock valued at $1,707,316,000 after purchasing an additional 295,681 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

Salesforce Stock Performance

Shares of CRM opened at $254.54 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00. The firm’s 50 day moving average price is $247.99 and its two-hundred day moving average price is $258.30. The firm has a market cap of $242.32 billion, a P/E ratio of 37.00, a PEG ratio of 2.11 and a beta of 1.19.

Salesforce (NYSE:CRM) last announced 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 net margin of 16.87% and a return on equity of 13.27%. The firm had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the firm posted $2.56 earnings per share. The business’s 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, analysts forecast 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. Shareholders of record on Wednesday, September 17th were paid a $0.416 dividend. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. Salesforce’s payout ratio is presently 24.13%.

Insider Buying and Selling

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $251.66, for a total value of $566,235.00. Following the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $2,997,665,957.86. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David Blair Kirk acquired 3,400 shares of the stock in a transaction dated Tuesday, September 9th. The stock was acquired at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the acquisition, 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. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders sold 76,622 shares of company stock worth $18,858,631. Insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

CRM has been the topic of several recent research reports. Sanford C. Bernstein reduced their target price 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. Royal Bank Of Canada reduced their price objective on shares of Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 4th. Bank of America reduced their price objective on shares of Salesforce from $350.00 to $325.00 and set a “buy” rating on the stock in a research note on Tuesday, August 26th. Wedbush reissued an “outperform” rating and set a $375.00 price objective on shares of Salesforce in a research note on Thursday, October 16th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $325.00 price objective on shares of Salesforce in a research note on Thursday, October 16th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $325.23.

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.