Capital International Inc. CA Increases Stock Holdings in Salesforce Inc. $CRM

Capital International Inc. CA boosted its position in shares of Salesforce Inc. (NYSE:CRM) by 46.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 381,173 shares of the CRM provider’s stock after purchasing an additional 120,383 shares during the period. Capital International Inc. CA’s holdings in Salesforce were worth $90,338,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Capital International Investors raised its position in shares of Salesforce by 9.4% during the 3rd quarter. Capital International Investors now owns 20,051,119 shares of the CRM provider’s stock valued at $4,753,519,000 after buying an additional 1,729,440 shares during the period. Capital Group Investment Management PTE. LTD. grew its holdings in shares of Salesforce by 45.1% during the 3rd quarter. Capital Group Investment Management PTE. LTD. now owns 20,005 shares of the CRM provider’s stock worth $4,741,000 after purchasing an additional 6,215 shares during the period. Fieldview Capital Management LLC acquired a new stake in shares of Salesforce during the 3rd quarter worth about $2,415,000. WINTON GROUP Ltd purchased a new stake in Salesforce in the 3rd quarter valued at about $2,701,000. Finally, LGT Fund Management Co Ltd. boosted its stake in Salesforce by 35.1% during the third quarter. LGT Fund Management Co Ltd. now owns 99,947 shares of the CRM provider’s stock worth $23,557,000 after buying an additional 25,992 shares during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insiders Place Their Bets

In other Salesforce news, Director Neelie Kroes sold 3,893 shares of the business’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $238.70, for a total value of $929,259.10. Following the transaction, the director directly owned 7,299 shares of the company’s stock, valued at approximately $1,742,271.30. The trade was a 34.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David Blair Kirk acquired 1,936 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were purchased at an average price of $258.64 per share, with a total value of $500,727.04. Following the transaction, the director owned 10,677 shares in the company, valued at $2,761,499.28. The trade was a 22.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CRM shares. DA Davidson dropped their target price on shares of Salesforce from $235.00 to $200.00 and set a “neutral” rating for the company in a report on Friday, February 27th. Mizuho cut their price objective on Salesforce from $280.00 to $265.00 and set an “outperform” rating on the stock in a report on Thursday, February 26th. Needham & Company LLC reissued a “buy” rating and set a $400.00 target price on shares of Salesforce in a research note on Thursday, February 26th. Piper Sandler restated an “overweight” rating and set a $250.00 target price (down from $280.00) on shares of Salesforce in a report on Thursday, February 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Salesforce from $340.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $283.14.

Salesforce Stock Performance

NYSE CRM opened at $198.81 on Tuesday. The firm has a market cap of $183.50 billion, a P/E ratio of 25.46, a P/E/G ratio of 1.47 and a beta of 1.29. Salesforce Inc. has a 52-week low of $174.57 and a 52-week high of $296.05. The business’s 50-day moving average price is $215.86 and its 200 day moving average price is $236.46. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.18.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, February 25th. The CRM provider reported $3.81 EPS for the quarter, beating the consensus estimate of $3.05 by $0.76. Salesforce had a return on equity of 15.38% and a net margin of 17.96%.The firm had revenue of $11.20 billion during the quarter, compared to the consensus estimate of $11.18 billion. During the same period in the prior year, the business earned $2.78 EPS. The firm’s revenue was up 12.1% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 13.110-13.190 EPS and its Q1 2027 guidance at 3.110-3.130 EPS. On average, equities research analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 23rd. Investors of record on Thursday, April 9th will be given a $0.44 dividend. This is a positive change from Salesforce’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, April 9th. This represents a $1.76 dividend on an annualized basis and a yield of 0.9%. Salesforce’s payout ratio is 21.25%.

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.