Smith Salley Wealth Management Has $3.21 Million Stake in Salesforce Inc. $CRM

Smith Salley Wealth Management lifted its position in shares of Salesforce Inc. (NYSE:CRM) by 41.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,541 shares of the CRM provider’s stock after buying an additional 3,965 shares during the quarter. Smith Salley Wealth Management’s holdings in Salesforce were worth $3,209,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of CRM. Painted Porch Advisors LLC boosted its position in shares of Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after purchasing an additional 65 shares in the last quarter. Evolution Wealth Management Inc. bought a new position in shares of Salesforce during the 2nd quarter worth approximately $27,000. CBIZ Investment Advisory Services LLC lifted its position in shares of Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after acquiring an additional 85 shares during the period. Christopher J. Hasenberg Inc boosted its stake in Salesforce by 383.3% during the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after acquiring an additional 92 shares in the last quarter. Finally, Maseco LLP bought a new stake in Salesforce in the second quarter valued at $34,000. Institutional investors own 80.43% of the company’s stock.

Insider Transactions at Salesforce

In other news, insider Parker Harris sold 134,662 shares of the company’s stock in a transaction on 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 $32,803,314.90. This represents a 49.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director G Mason Morfit acquired 96,000 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was purchased at an average cost of $260.58 per share, with a total value of $25,015,680.00. Following the acquisition, the director owned 2,994,509 shares in the company, valued at $780,309,155.22. The trade was a 3.31% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have sold 161,784 shares of company stock valued at $38,357,182. Corporate insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on CRM. UBS Group reaffirmed a “neutral” rating and issued a $260.00 target price on shares of Salesforce in a research report on Thursday, December 4th. KeyCorp reduced their price target on shares of Salesforce from $440.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, September 4th. Royal Bank Of Canada restated a “sector perform” rating and set a $250.00 price objective on shares of Salesforce in a report on Thursday, December 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Salesforce in a report on Monday. Finally, BMO Capital Markets cut their target price on Salesforce from $280.00 to $275.00 and set an “outperform” rating on the stock in a research report on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $326.68.

Salesforce Trading Down 0.1%

Shares of Salesforce stock opened at $265.95 on Wednesday. The firm has a market cap of $249.20 billion, a PE ratio of 35.51, a P/E/G ratio of 1.98 and a beta of 1.25. Salesforce Inc. has a 1 year low of $221.96 and a 1 year high of $367.09. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a fifty day moving average price of $249.45 and a 200-day moving average price of $251.56.

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

Salesforce Announces Dividend

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

Salesforce 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.