Chilton Capital Management LLC Has $24.68 Million Position in Salesforce Inc. $CRM

Chilton Capital Management LLC lessened its stake in Salesforce Inc. (NYSE:CRM) by 3.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 104,153 shares of the CRM provider’s stock after selling 3,745 shares during the period. Chilton Capital Management LLC’s holdings in Salesforce were worth $24,684,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CRM. Scott & Selber Inc. raised its holdings in Salesforce by 0.7% during the 2nd quarter. Scott & Selber Inc. now owns 5,850 shares of the CRM provider’s stock worth $1,595,000 after purchasing an additional 39 shares during the last quarter. Hanson & Doremus Investment Management increased its position in shares of Salesforce by 6.9% during the second quarter. Hanson & Doremus Investment Management now owns 607 shares of the CRM provider’s stock worth $166,000 after buying an additional 39 shares during the period. Beverly Hills Private Wealth LLC raised its stake in Salesforce by 2.3% during the second quarter. Beverly Hills Private Wealth LLC now owns 1,716 shares of the CRM provider’s stock worth $468,000 after buying an additional 39 shares during the last quarter. Lifeworks Advisors LLC raised its stake in Salesforce by 2.9% during the second quarter. Lifeworks Advisors LLC now owns 1,420 shares of the CRM provider’s stock worth $387,000 after buying an additional 40 shares during the last quarter. Finally, Benchmark Financial Wealth Advisors LLC lifted its holdings in Salesforce by 4.4% in the second quarter. Benchmark Financial Wealth Advisors LLC now owns 989 shares of the CRM provider’s stock valued at $270,000 after buying an additional 42 shares during the period. 80.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on CRM. JMP Securities reissued a “market outperform” rating and issued a $430.00 price objective on shares of Salesforce in a research report on Friday, October 17th. Arete Research upgraded Salesforce to a “strong-buy” rating in a research report on Thursday, December 11th. Citigroup downgraded Salesforce from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Mizuho set a $340.00 price target on Salesforce in a research note on Wednesday, December 10th. Finally, Barclays increased their price target on Salesforce from $330.00 to $338.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Salesforce has a consensus rating of “Moderate Buy” and a consensus target price of $324.51.

Salesforce Trading Up 0.6%

NYSE CRM opened at $229.41 on Tuesday. 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 Inc. has a 52 week low of $218.96 and a 52 week high of $367.09. The business has a 50 day moving average price of $247.39 and a 200-day moving average price of $248.44. The company has a market cap of $214.96 billion, a price-to-earnings ratio of 30.63, a P/E/G ratio of 1.70 and a beta of 1.26.

Salesforce (NYSE:CRM) last posted 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 business had revenue of $10.26 billion during the quarter, compared to the consensus estimate of $10.27 billion. Salesforce had a net margin of 17.91% and a return on equity of 14.41%. Salesforce’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.41 EPS. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. As a group, equities analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Thursday, December 18th were issued a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Thursday, December 18th. Salesforce’s dividend payout ratio is currently 22.16%.

Insiders Place Their Bets

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 transaction of $31,605,171.40. Following the transaction, the insider directly owned 139,767 shares of the company’s stock, valued at $32,803,314.90. The trade was a 49.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Blair Kirk acquired 1,936 shares of Salesforce stock in a transaction on Wednesday, December 17th. The stock was purchased at an average cost of $258.64 per share, with a total value of $500,727.04. Following the completion of the transaction, the director directly owned 10,677 shares in the company, valued at $2,761,499.28. This represents a 22.15% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 143,177 shares of company stock worth $33,714,069 in the last 90 days. Company insiders own 3.00% of the company’s stock.

Salesforce 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.