TD Waterhouse Canada Inc. Sells 9,585 Shares of Salesforce Inc. $CRM

TD Waterhouse Canada Inc. lowered its holdings in Salesforce Inc. (NYSE:CRM) by 9.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 95,374 shares of the CRM provider’s stock after selling 9,585 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Salesforce were worth $15,576,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Commonwealth Retirement Investments LLC bought a new stake in shares of Salesforce in the fourth quarter valued at approximately $25,000. Gilpin Wealth Management LLC bought a new position in Salesforce during the fourth quarter worth $26,000. Birchwood Financial Partners Inc. acquired a new position in Salesforce during the 4th quarter valued at $28,000. Swiss RE Ltd. acquired a new position in Salesforce during the 4th quarter valued at $28,000. Finally, Dogwood Wealth Management LLC boosted its holdings in Salesforce by 285.7% in the 4th quarter. Dogwood Wealth Management LLC now owns 108 shares of the CRM provider’s stock valued at $29,000 after purchasing an additional 80 shares during the period. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CRM shares. Royal Bank Of Canada boosted their price objective on shares of Salesforce from $210.00 to $250.00 and gave the stock a “sector perform” rating in a report on Thursday, August 27th. Bank of America assumed coverage on shares of Salesforce in a research note on Monday, May 18th. They issued an “underperform” rating and a $160.00 target price for the company. Phillip Securities lowered Salesforce from a “buy” rating to a “hold” rating and lowered their price target for the company from $253.00 to $166.00 in a research note on Monday, June 29th. Truist Financial reaffirmed a “buy” rating and issued a $300.00 price target (up from $280.00) on shares of Salesforce in a report on Thursday, August 27th. Finally, Erste Group Bank upgraded Salesforce from a “hold” rating to a “buy” rating in a research report on Wednesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $266.50.

Insider Buying and Selling

In other Salesforce news, Director Craig Conway sold 4,500 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the sale, the director directly owned 5,437 shares of the company’s stock, valued at approximately $1,416,936.57. This represents a 45.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.50% of the stock is currently owned by company insiders.

Key Stories Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: AI growth is becoming material: Agentforce and Data 360 annual recurring revenue reached nearly $3.9 billion, up more than 210% year over year. Agentforce ARR exceeded $1.5 billion and grew more than 240%, supporting the view that Salesforce is successfully monetizing artificial intelligence. Salesforce Grew Agentforce and Data 360 ARR More Than 200%
• Positive Sentiment: Analyst support remains strong: Cantor Fitzgerald raised its Salesforce price target to $300, while BTIG reaffirmed its “Buy” rating and said it is increasingly confident in improving business trends. Cantor Fitzgerald Raises Salesforce Price Target
• Positive Sentiment: Shareholder returns: Salesforce declared a quarterly cash dividend of $0.44 per share, payable October 8 to shareholders of record September 17. The dividend provides a modest income component and signals continued confidence in cash generation. Salesforce Announces Quarterly Dividend

Salesforce Stock Performance

Shares of NYSE:CRM opened at $259.39 on Friday. The business’s fifty day moving average price is $191.88 and its two-hundred day moving average price is $185.00. Salesforce Inc. has a fifty-two week low of $146.32 and a fifty-two week high of $269.11. The stock has a market capitalization of $213.48 billion, a price-to-earnings ratio of 23.65, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.27 by $2.63. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.The company had revenue of $11.35 billion during the quarter, compared to analysts’ expectations of $11.33 billion. During the same period last year, the business earned $2.91 earnings per share. The business’s revenue was up 10.8% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. As a group, analysts predict that Salesforce Inc. will post 12.64 EPS for the current fiscal year.

Salesforce Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th will be given a $0.44 dividend. The ex-dividend date is Thursday, September 17th. This represents a $1.76 dividend on an annualized basis and a yield of 0.7%. Salesforce’s payout ratio is 16.04%.

About Salesforce

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.