WealthShield Partners LLC Increases Stock Holdings in Salesforce Inc. $CRM

WealthShield Partners LLC boosted its stake in Salesforce Inc. (NYSE:CRM) by 32.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,384 shares of the CRM provider’s stock after buying an additional 3,525 shares during the quarter. WealthShield Partners LLC’s holdings in Salesforce were worth $3,409,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Intact Investment Management Inc. grew its stake in shares of Salesforce by 30.5% in the 3rd quarter. Intact Investment Management Inc. now owns 31,200 shares of the CRM provider’s stock worth $7,394,000 after acquiring an additional 7,300 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in shares of Salesforce by 8.3% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 62,887 shares of the CRM provider’s stock valued at $14,904,000 after buying an additional 4,808 shares during the period. Retirement Systems of Alabama grew its stake in shares of Salesforce by 30.7% during the 3rd quarter. Retirement Systems of Alabama now owns 689,468 shares of the CRM provider’s stock worth $163,404,000 after acquiring an additional 161,920 shares during the period. Sawgrass Asset Management LLC increased its holdings in Salesforce by 16.9% in the 3rd quarter. Sawgrass Asset Management LLC now owns 40,097 shares of the CRM provider’s stock worth $9,503,000 after acquiring an additional 5,789 shares during the last quarter. Finally, 1834 Investment Advisors Co. raised its stake in Salesforce by 2.4% in the 3rd quarter. 1834 Investment Advisors Co. now owns 3,198 shares of the CRM provider’s stock valued at $758,000 after acquiring an additional 76 shares during the period. 80.43% of the stock is currently owned by institutional investors.

Salesforce Trading Down 0.0%

Shares of CRM opened at $228.02 on Monday. The stock has a market capitalization of $213.65 billion, a P/E ratio of 30.44, a PEG ratio of 1.70 and a beta of 1.26. The firm has a fifty day simple moving average of $247.54 and a two-hundred day simple moving average of $248.68. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a twelve month low of $218.96 and a twelve month high of $367.09.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.39. Salesforce had a return on equity of 14.41% and a net margin of 17.91%.The company had revenue of $10.26 billion for the quarter, compared to analysts’ expectations of $10.27 billion. During the same period last year, the firm earned $2.41 earnings per share. Salesforce’s quarterly revenue was up 9.1% on a year-over-year basis. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. On average, research analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th were issued a $0.416 dividend. The ex-dividend date was Thursday, December 18th. This represents a $1.66 annualized dividend and a yield of 0.7%. Salesforce’s dividend payout ratio is 22.16%.

Insider Activity at Salesforce

In other news, insider Parker Harris sold 134,662 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $234.70, for a total value of $31,605,171.40. Following the completion of the transaction, the insider owned 139,767 shares in the company, valued at $32,803,314.90. This trade represents a 49.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director G Mason Morfit purchased 96,000 shares of the company’s stock in a transaction dated Friday, December 5th. The stock was bought at an average cost of $260.58 per share, for a total transaction of $25,015,680.00. Following the completion of the transaction, the director owned 2,994,509 shares in the company, valued at approximately $780,309,155.22. This represents a 3.31% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 143,177 shares of company stock valued at $33,714,069 over the last three months. Corporate insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CRM. Truist Financial reduced their price objective on shares of Salesforce from $400.00 to $380.00 and set a “buy” rating for the company in a research note on Thursday, December 4th. Piper Sandler restated an “overweight” rating on shares of Salesforce in a research report on Thursday, December 4th. Barclays lifted their price target on Salesforce from $330.00 to $338.00 and gave the company an “overweight” rating in a research report on Monday, January 12th. Citizens Jmp restated a “market outperform” rating and issued a $430.00 price objective on shares of Salesforce in a research report on Tuesday, December 2nd. Finally, Royal Bank Of Canada boosted their price target on shares of Salesforce from $250.00 to $290.00 and gave the stock a “sector perform” rating in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Salesforce currently has a consensus rating of “Moderate Buy” and a consensus target price of $324.51.

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.