TD Waterhouse Canada Inc. Buys 6,245 Shares of Salesforce Inc. $CRM

TD Waterhouse Canada Inc. grew its stake in Salesforce Inc. (NYSE:CRM) by 11.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,054 shares of the CRM provider’s stock after buying an additional 6,245 shares during the period. TD Waterhouse Canada Inc.’s holdings in Salesforce were worth $16,383,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRM. Coign Capital Advisors LLC raised its holdings in Salesforce by 1.7% during the 1st quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider’s stock worth $586,000 after purchasing an additional 37 shares during the last quarter. Staley Capital Advisers Inc. boosted its stake in shares of Salesforce by 1.1% in the 1st quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock valued at $897,000 after purchasing an additional 38 shares during the last quarter. KDT Advisors LLC increased its position in shares of Salesforce by 4.1% during the first quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock worth $260,000 after buying an additional 38 shares during the period. Mendel Money Management raised its stake in Salesforce by 3.6% during the first quarter. Mendel Money Management now owns 1,112 shares of the CRM provider’s stock worth $298,000 after buying an additional 39 shares during the last quarter. Finally, Scott & Selber Inc. lifted its holdings in Salesforce by 0.7% in the second quarter. Scott & Selber Inc. now owns 5,850 shares of the CRM provider’s stock valued at $1,595,000 after buying an additional 39 shares during the period. 80.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Salesforce

In related news, CEO Marc Benioff sold 122 shares of Salesforce stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $259.00, for a total transaction of $31,598.00. Following the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,085,096,889. This trade represents a 0.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 63,122 shares of company stock worth $15,615,413 over the last three months. Company insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CRM. Robert W. Baird decreased their price target on Salesforce from $365.00 to $325.00 and set an “outperform” rating for the company in a report on Thursday, September 4th. Deutsche Bank Aktiengesellschaft dropped their price target on Salesforce from $400.00 to $340.00 and set a “buy” rating on the stock in a research note on Thursday, September 4th. Bank of America reduced their price objective on shares of Salesforce from $325.00 to $305.00 and set a “buy” rating for the company in a research report on Monday. DA Davidson reiterated a “neutral” rating and issued a $225.00 price objective on shares of Salesforce in a research note on Thursday, October 16th. Finally, BMO Capital Markets cut their target price on shares of Salesforce from $335.00 to $280.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Salesforce currently has an average rating of “Moderate Buy” and an average price target of $323.51.

Salesforce Price Performance

CRM opened at $227.59 on Thursday. Salesforce Inc. has a 1 year low of $225.06 and a 1 year high of $369.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $216.67 billion, a price-to-earnings ratio of 33.08, a P/E/G ratio of 2.11 and a beta of 1.19. The firm’s fifty day moving average price is $245.53 and its two-hundred day moving average price is $256.75.

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

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were issued a $0.416 dividend. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. Salesforce’s dividend payout ratio is currently 24.13%.

About Salesforce

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.