Hillman Capital Management Inc. Reduces Holdings in Salesforce Inc. $CRM

Hillman Capital Management Inc. reduced its position in Salesforce Inc. (NYSE:CRM) by 15.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 12,148 shares of the CRM provider’s stock after selling 2,185 shares during the period. Hillman Capital Management Inc.’s holdings in Salesforce were worth $3,313,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CRM. Painted Porch Advisors LLC boosted its holdings in shares of Salesforce by 260.0% in the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after acquiring an additional 65 shares during the period. CBIZ Investment Advisory Services LLC grew its position in Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after purchasing an additional 85 shares during the last quarter. Christopher J. Hasenberg Inc increased its stake in Salesforce by 383.3% in the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after purchasing an additional 92 shares during the period. Maseco LLP purchased a new stake in shares of Salesforce in the second quarter valued at about $34,000. Finally, Quaker Wealth Management LLC boosted its stake in shares of Salesforce by 208.6% during the second quarter. Quaker Wealth Management LLC now owns 126 shares of the CRM provider’s stock worth $34,000 after buying an additional 242 shares during the period. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Stock Down 0.0%

CRM stock opened at $262.34 on Friday. 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 company’s 50-day moving average price is $245.50 and its 200 day moving average price is $252.26. Salesforce Inc. has a 52 week low of $221.96 and a 52 week high of $367.09. The company has a market cap of $245.81 billion, a P/E ratio of 35.03, a P/E/G ratio of 1.96 and a beta of 1.25.

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

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th will be issued a $0.416 dividend. The ex-dividend date of this dividend is Thursday, December 18th. This represents a $1.66 annualized dividend and a yield of 0.6%. Salesforce’s dividend payout ratio is 22.16%.

Insider Activity

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $243.60, for a total transaction of $548,100.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,901,658,695.60. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Parker Harris sold 134,662 shares of Salesforce stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $234.70, for a total transaction of $31,605,171.40. Following the transaction, the insider owned 139,767 shares of the company’s stock, valued at approximately $32,803,314.90. The trade was a 49.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 177,534 shares of company stock worth $42,194,197 over the last 90 days. 3.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on CRM shares. Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 price objective on shares of Salesforce in a research note on Thursday, December 4th. Citigroup cut Salesforce from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Barclays increased their price target on Salesforce from $316.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, December 4th. JPMorgan Chase & Co. cut their price objective on shares of Salesforce from $380.00 to $365.00 and set an “overweight” rating for the company in a research report on Thursday, September 4th. Finally, Guggenheim restated a “neutral” rating on shares of Salesforce in a research note on Thursday, December 4th. Twenty-eight 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. Based on data from MarketBeat.com, Salesforce presently has an average rating of “Moderate Buy” and a consensus price target of $326.46.

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.