Leith Wheeler Investment Counsel Ltd. Buys 38,147 Shares of Salesforce Inc. $CRM

Leith Wheeler Investment Counsel Ltd. grew its stake in shares of Salesforce Inc. (NYSE:CRM) by 36.4% during the second quarter, Holdings Channel reports. The institutional investor owned 142,981 shares of the CRM provider’s stock after acquiring an additional 38,147 shares during the period. Salesforce makes up about 2.8% of Leith Wheeler Investment Counsel Ltd.’s holdings, making the stock its 6th largest position. Leith Wheeler Investment Counsel Ltd.’s holdings in Salesforce were worth $38,989,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Brighton Jones LLC increased its position in shares of Salesforce by 13.7% during the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after purchasing an additional 3,102 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Salesforce by 12.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock valued at $611,000 after buying an additional 205 shares during the period. Bison Wealth LLC grew its holdings in Salesforce by 9.0% during the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock worth $747,000 after acquiring an additional 184 shares during the period. Kathmere Capital Management LLC grew its holdings in Salesforce by 12.1% during the first quarter. Kathmere Capital Management LLC now owns 1,193 shares of the CRM provider’s stock worth $320,000 after acquiring an additional 129 shares during the period. Finally, CWM LLC raised its position in Salesforce by 14.4% in the first quarter. CWM LLC now owns 91,401 shares of the CRM provider’s stock worth $24,528,000 after acquiring an additional 11,493 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CRM shares. JPMorgan Chase & Co. reduced 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. Cantor Fitzgerald restated an “overweight” rating and set a $325.00 target price on shares of Salesforce in a report on Thursday, October 16th. Oppenheimer dropped their price target on Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Tuesday, August 26th. Wall Street Zen lowered Salesforce from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Salesforce in a research report on Tuesday, October 14th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $325.23.

Salesforce Stock Performance

Shares of CRM stock opened at $241.60 on Tuesday. The company has a market capitalization of $230.00 billion, a price-to-earnings ratio of 35.12, a P/E/G ratio of 2.11 and a beta of 1.19. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The stock’s fifty day simple moving average is $247.12 and its 200-day simple moving average is $258.16.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the company posted $2.56 EPS. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, sell-side analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were given a dividend of $0.416 per share. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. Salesforce’s payout ratio is presently 24.13%.

Insider Activity at Salesforce

In other news, Director David Blair Kirk acquired 3,400 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was acquired at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the acquisition, the director owned 3,824 shares in the company, valued at approximately $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $251.12, for a total value of $565,020.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $2,991,233,709.52. This trade represents a 0.02% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 72,122 shares of company stock worth $17,785,853. Company insiders own 3.00% of the company’s stock.

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.