Capital World Investors Purchases 10,636,161 Shares of Salesforce Inc. $CRM

Capital World Investors raised its position in Salesforce Inc. (NYSE:CRM) by 159.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,325,206 shares of the CRM provider’s stock after buying an additional 10,636,161 shares during the quarter. Capital World Investors’ holdings in Salesforce were worth $4,106,255,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Marquette Asset Management LLC acquired a new position in Salesforce during the third quarter valued at approximately $26,000. Evolution Wealth Management Inc. bought a new stake in shares of Salesforce during the 2nd quarter worth $27,000. Country Trust Bank boosted its stake in Salesforce by 658.8% in the second quarter. Country Trust Bank now owns 129 shares of the CRM provider’s stock valued at $35,000 after buying an additional 112 shares in the last quarter. Capital A Wealth Management LLC raised its stake in Salesforce by 40.9% during the second quarter. Capital A Wealth Management LLC now owns 155 shares of the CRM provider’s stock worth $41,000 after acquiring an additional 45 shares in the last quarter. Finally, Kilter Group LLC acquired a new stake in shares of Salesforce in the 2nd quarter valued at approximately $42,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Trading Down 1.6%

NYSE:CRM opened at $198.81 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market cap of $183.50 billion, a P/E ratio of 25.46, a P/E/G ratio of 1.47 and a beta of 1.29. Salesforce Inc. has a 1 year low of $174.57 and a 1 year high of $296.05. The stock’s fifty day moving average price is $215.86 and its two-hundred day moving average price is $236.46.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, February 25th. The CRM provider reported $3.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.05 by $0.76. The company had revenue of $11.20 billion during the quarter, compared to analyst estimates of $11.18 billion. Salesforce had a return on equity of 15.38% and a net margin of 17.96%.The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company earned $2.78 earnings per share. Salesforce has set its FY 2027 guidance at 13.110-13.190 EPS and its Q1 2027 guidance at 3.110-3.130 EPS. As a group, analysts expect that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Thursday, April 9th will be issued a $0.44 dividend. This is an increase from Salesforce’s previous quarterly dividend of $0.42. This represents a $1.76 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, April 9th. Salesforce’s dividend payout ratio (DPR) is presently 21.25%.

Analysts Set New Price Targets

Several research firms recently commented on CRM. Bank of America cut their target price on shares of Salesforce from $325.00 to $305.00 and set a “buy” rating on the stock in a research report on Monday, November 17th. Cantor Fitzgerald restated an “overweight” rating on shares of Salesforce in a research report on Thursday, February 26th. JPMorgan Chase & Co. decreased their price objective on shares of Salesforce from $365.00 to $320.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Citizens Jmp restated a “market outperform” rating and issued a $430.00 price target on shares of Salesforce in a report on Tuesday, December 2nd. Finally, UBS Group lowered their price objective on shares of Salesforce from $260.00 to $200.00 and set a “neutral” rating on the stock in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $283.14.

Insider Activity at Salesforce

In other Salesforce news, Director Neelie Kroes sold 3,893 shares of the stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $238.70, for a total transaction of $929,259.10. Following the completion of the sale, the director owned 7,299 shares of the company’s stock, valued at $1,742,271.30. This represents a 34.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David Blair Kirk acquired 1,936 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was purchased at an average price of $258.64 per share, for a total transaction of $500,727.04. Following the transaction, the director directly owned 10,677 shares of the company’s stock, valued at approximately $2,761,499.28. This trade represents a 22.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 3.00% of the stock is owned by company insiders.

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.