Advisors Preferred LLC Puts Money into Salesforce Inc.
Advisors Preferred LLC made a new investment in Salesforce Inc., according to the company's most recent 13F filing with the SEC. The fund acquired approximately $1,977,000 worth of shares, specifically buying 11,900 shares of CRM stock.
This is not an isolated instance; multiple hedge funds have been actively adjusting their stakes in the CRM provider. Brighton Jones LLC increased its holdings by 13.7% in the fourth quarter and now owns 25,668 shares valued at $8,582,000. Revolve Wealth Partners LLC boosted its position by 12.6% during the same period.
Salesforce's recent quarterly dividend payment of $0.44 per share is another notable development. The company announced this on July 2nd, and it represents a $1.76 annualized dividend yield and a payout ratio of 20.37%. Analysts are waiting for Salesforce's fiscal Q2 2027 results on August 26th to gauge the impact of AI adoption on revenue growth.