Caldwell Trust Co Makes New $4.92 Million Investment in Salesforce Inc. $CRM

Caldwell Trust Co bought a new stake in shares of Salesforce Inc. (NYSE:CRM) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 18,047 shares of the CRM provider’s stock, valued at approximately $4,921,000.

Other hedge funds have also modified their holdings of the company. Avantax Advisory Services Inc. increased its stake in shares of Salesforce by 4.0% in the second quarter. Avantax Advisory Services Inc. now owns 87,331 shares of the CRM provider’s stock valued at $23,814,000 after buying an additional 3,387 shares in the last quarter. Advyzon Investment Management LLC increased its position in Salesforce by 57.4% in the 2nd quarter. Advyzon Investment Management LLC now owns 1,884 shares of the CRM provider’s stock valued at $514,000 after acquiring an additional 687 shares in the last quarter. Atalanta Sosnoff Capital LLC raised its stake in shares of Salesforce by 8.5% in the second quarter. Atalanta Sosnoff Capital LLC now owns 206,614 shares of the CRM provider’s stock worth $56,342,000 after acquiring an additional 16,176 shares during the last quarter. Amundi lifted its position in shares of Salesforce by 26.2% during the second quarter. Amundi now owns 7,755,317 shares of the CRM provider’s stock worth $2,087,545,000 after purchasing an additional 1,612,413 shares in the last quarter. Finally, Achmea Investment Management B.V. grew its stake in shares of Salesforce by 9.2% during the second quarter. Achmea Investment Management B.V. now owns 148,254 shares of the CRM provider’s stock valued at $40,427,000 after purchasing an additional 12,544 shares during the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Salesforce news, Director G Mason Morfit bought 96,000 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was acquired at an average cost of $260.58 per share, with a total value of $25,015,680.00. Following the purchase, the director owned 2,994,509 shares in the company, valued at $780,309,155.22. This trade represents a 3.31% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $238.37, for a total transaction of $536,332.50. Following the sale, the chief executive officer owned 11,911,571 shares in the company, valued at $2,839,361,179.27. This trade 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 ninety days, insiders have sold 175,284 shares of company stock worth $41,648,819. Corporate insiders own 3.00% of the company’s stock.

Salesforce Stock Performance

Shares of CRM stock opened at $262.34 on Monday. The stock has a market cap of $245.81 billion, a PE ratio of 35.03, a price-to-earnings-growth ratio of 1.95 and a beta of 1.25. The stock has a 50-day moving average of $245.50 and a 200-day moving average of $251.92. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.98 and a quick ratio of 0.98. Salesforce Inc. has a one year low of $221.96 and a one year high of $367.09.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.39. The firm had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $10.27 billion. Salesforce had a net margin of 17.91% and a return on equity of 14.41%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.41 earnings per share. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. As a group, sell-side analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

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

Wall Street Analysts Forecast Growth

CRM has been the subject of several research analyst reports. Wells Fargo & Company dropped their price objective on shares of Salesforce from $275.00 to $265.00 and set an “equal weight” rating for the company in a research report on Thursday, September 4th. Oppenheimer cut their price target on Salesforce from $315.00 to $300.00 and set an “outperform” rating on the stock in a research note on Monday, December 1st. Stifel Nicolaus lowered their price objective on Salesforce from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, October 9th. Northland Securities upped their target price on shares of Salesforce from $264.00 to $267.00 and gave the company a “market perform” rating in a research report on Thursday, December 4th. Finally, Morgan Stanley lowered their price target on shares of Salesforce from $405.00 to $398.00 and set an “overweight” rating for the company in a research report on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $326.46.

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.