Munich Reinsurance Co Stock Corp in Munich Sells 7,885 Shares of Salesforce Inc. $CRM

Munich Reinsurance Co Stock Corp in Munich decreased its position in shares of Salesforce Inc. (NYSE:CRM) by 19.0% during the second quarter, Holdings Channel reports. The institutional investor owned 33,557 shares of the CRM provider’s stock after selling 7,885 shares during the period. Munich Reinsurance Co Stock Corp in Munich’s holdings in Salesforce were worth $5,257,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Commonwealth Retirement Investments LLC bought a new stake in Salesforce during the fourth quarter valued at about $25,000. Manning & Napier Advisors LLC bought a new position in shares of Salesforce in the second quarter worth about $26,000. Gilpin Wealth Management LLC bought a new position in shares of Salesforce in the fourth quarter worth about $26,000. Persistent Asset Partners Ltd purchased a new stake in shares of Salesforce during the second quarter worth about $27,000. Finally, Costello Asset Management INC raised its stake in Salesforce by 410.3% during the 1st quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock valued at $28,000 after purchasing an additional 119 shares during the period. Institutional investors own 80.43% of the company’s stock.

Wall Street Analyst Weigh In

CRM has been the subject of several recent analyst reports. KeyCorp downgraded Salesforce from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, July 8th. Guggenheim reiterated a “buy” rating and set a $228.00 price objective on shares of Salesforce in a research report on Thursday, August 27th. Phillip Securities downgraded shares of Salesforce from a “buy” rating to a “hold” rating and lowered their target price for the stock from $253.00 to $166.00 in a report on Monday, June 29th. Monness Crespi & Hardt upped their target price on shares of Salesforce from $222.00 to $266.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $225.00 target price on shares of Salesforce in a research note on Tuesday, August 25th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, fifteen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $266.50.

Salesforce Trading Down 1.9%

CRM stock opened at $259.39 on Friday. The firm has a fifty day moving average price of $191.88 and a 200 day moving average price of $185.00. Salesforce Inc. has a fifty-two week low of $146.32 and a fifty-two week high of $269.11. The firm has a market cap of $213.48 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.84 and a current ratio of 0.84.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.27 by $2.63. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. The company had revenue of $11.35 billion for the quarter, compared to the consensus estimate of $11.33 billion. During the same quarter in the prior year, the firm earned $2.91 earnings per share. Salesforce’s revenue was up 10.8% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. Sell-side analysts anticipate that Salesforce Inc. will post 12.64 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 17th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.7%. Salesforce’s dividend payout ratio (DPR) is presently 16.04%.

Key Headlines Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: AI growth is becoming material: Agentforce and Data 360 annual recurring revenue reached nearly $3.9 billion, up more than 210% year over year. Agentforce ARR exceeded $1.5 billion and grew more than 240%, supporting the view that Salesforce is successfully monetizing artificial intelligence. Salesforce Grew Agentforce and Data 360 ARR More Than 200%
• Positive Sentiment: Analyst support remains strong: Cantor Fitzgerald raised its Salesforce price target to $300, while BTIG reaffirmed its “Buy” rating and said it is increasingly confident in improving business trends. Cantor Fitzgerald Raises Salesforce Price Target
• Positive Sentiment: Shareholder returns: Salesforce declared a quarterly cash dividend of $0.44 per share, payable October 8 to shareholders of record September 17. The dividend provides a modest income component and signals continued confidence in cash generation. Salesforce Announces Quarterly Dividend

Insider Activity at Salesforce

In related news, Director Craig Conway sold 4,500 shares of Salesforce stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $260.61, for a total value of $1,172,745.00. Following the completion of the transaction, the director owned 5,437 shares in the company, valued at approximately $1,416,936.57. This trade represents a 45.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.50% of the company’s stock.

Salesforce Company 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.