Bcwm LLC Lowers Stake in Salesforce Inc. $CRM

Bcwm LLC cut its position in shares of Salesforce Inc. (NYSE:CRM) by 9.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 24,543 shares of the CRM provider’s stock after selling 2,490 shares during the period. Salesforce comprises about 2.1% of Bcwm LLC’s holdings, making the stock its 19th largest position. Bcwm LLC’s holdings in Salesforce were worth $6,693,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in Salesforce during the second quarter valued at approximately $2,826,049,000. Laurel Wealth Advisors LLC raised its stake in shares of Salesforce by 27,361.5% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,424,169 shares of the CRM provider’s stock valued at $933,737,000 after acquiring an additional 3,411,700 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Salesforce by 1,729.6% during the 2nd quarter. Acadian Asset Management LLC now owns 1,973,141 shares of the CRM provider’s stock valued at $538,020,000 after acquiring an additional 1,865,297 shares in the last quarter. Longview Partners Guernsey LTD purchased a new stake in Salesforce during the 1st quarter worth $467,944,000. Finally, Amundi increased its holdings in Salesforce by 26.2% in the 2nd quarter. Amundi now owns 7,755,317 shares of the CRM provider’s stock valued at $2,087,545,000 after purchasing an additional 1,612,413 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Stock Down 0.0%

NYSE:CRM opened at $262.34 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $245.81 billion, a price-to-earnings ratio of 35.03, a price-to-earnings-growth ratio of 1.96 and a beta of 1.25. Salesforce Inc. has a one year low of $221.96 and a one year high of $367.09. The stock has a 50-day simple moving average of $245.50 and a 200 day simple moving average of $252.26.

Salesforce (NYSE:CRM) last released its earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $10.27 billion. During the same quarter last year, the business posted $2.41 EPS. Salesforce’s quarterly revenue was up 9.1% compared to the same quarter last year. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. Sell-side analysts predict that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th will be issued a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, December 18th. Salesforce’s dividend payout ratio is 22.16%.

Analyst Ratings Changes

CRM has been the subject of several analyst reports. KeyCorp decreased their target price on Salesforce from $440.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, September 4th. Guggenheim reissued a “neutral” rating on shares of Salesforce in a research report on Thursday, December 4th. Barclays raised their price target on shares of Salesforce from $316.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, December 4th. Bank of America cut their price objective on shares of Salesforce from $325.00 to $305.00 and set a “buy” rating on the stock in a report on Monday, November 17th. Finally, Evercore ISI dropped their target price on Salesforce from $360.00 to $340.00 and set an “outperform” rating on the stock in a research report on Thursday, December 4th. Twenty-eight equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $326.46.

Insider Transactions at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $243.60, for a total value of $548,100.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $2,901,658,695.60. The trade was a 0.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director G Mason Morfit acquired 96,000 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were acquired at an average price of $260.58 per share, for a total transaction of $25,015,680.00. Following the purchase, the director owned 2,994,509 shares of the company’s stock, valued at $780,309,155.22. This trade represents a 3.31% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have sold 177,534 shares of company stock worth $42,194,197. 3.00% of the stock is currently owned by insiders.

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.