Mogy Joel R Investment Counsel Inc. Has $46.31 Million Stock Position in Salesforce Inc. $CRM

Mogy Joel R Investment Counsel Inc. reduced its stake in shares of Salesforce Inc. (NYSE:CRM) by 1.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 195,363 shares of the CRM provider’s stock after selling 2,631 shares during the quarter. Salesforce comprises about 2.5% of Mogy Joel R Investment Counsel Inc.’s portfolio, making the stock its 14th biggest position. Mogy Joel R Investment Counsel Inc.’s holdings in Salesforce were worth $46,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of CRM. Norges Bank bought a new position in Salesforce in the second quarter valued at about $2,826,049,000. Laurel Wealth Advisors LLC lifted its position in Salesforce by 27,361.5% during 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 purchasing an additional 3,411,700 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Salesforce by 1,729.6% in 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 purchasing an additional 1,865,297 shares during the last quarter. Amundi grew its position in shares of Salesforce by 26.2% during the 2nd quarter. Amundi now owns 7,755,317 shares of the CRM provider’s stock worth $2,087,545,000 after buying an additional 1,612,413 shares during the period. Finally, Schroder Investment Management Group raised its stake in shares of Salesforce by 45.8% during the second quarter. Schroder Investment Management Group now owns 3,931,945 shares of the CRM provider’s stock worth $1,072,202,000 after buying an additional 1,234,969 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Trading Up 0.3%

Shares of NYSE:CRM opened at $266.09 on Friday. The firm has a market cap of $249.33 billion, a price-to-earnings ratio of 35.53, a PEG ratio of 1.98 and a beta of 1.25. Salesforce Inc. has a 12 month low of $221.96 and a 12 month high of $367.09. The company’s fifty day simple moving average is $249.16 and its 200 day simple moving average is $251.72. 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 (NYSE:CRM) last released its quarterly earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.39. The firm had revenue of $10.26 billion for the quarter, compared to the consensus estimate of $10.27 billion. Salesforce had a return on equity of 14.41% and a net margin of 17.91%.The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the business posted $2.41 EPS. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. As a group, research analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 18th will be given a $0.416 dividend. 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 payout ratio is currently 22.16%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CRM shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Salesforce in a research note on Monday, December 15th. Arete Research raised Salesforce to a “strong-buy” rating in a research note on Thursday, December 11th. Citigroup lowered Salesforce from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. KeyCorp lowered their price target on Salesforce from $440.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, September 4th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $375.00 target price on shares of Salesforce in a research note on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $326.68.

Insider Buying and Selling

In other Salesforce news, insider Parker Harris sold 134,662 shares of Salesforce stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $234.70, for a total value of $31,605,171.40. Following the sale, the insider directly owned 139,767 shares in the company, valued at approximately $32,803,314.90. The trade was a 49.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $255.56, for a total transaction of $575,010.00. Following the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $3,044,121,084.76. This represents a 0.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 166,284 shares of company stock worth $39,439,229. 3.00% of the stock is owned by 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.