Canada Post Corp Registered Pension Plan Purchases 45,031 Shares of Salesforce Inc. $CRM

Canada Post Corp Registered Pension Plan grew its position in shares of Salesforce Inc. (NYSE:CRM) by 131.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,326 shares of the CRM provider’s stock after purchasing an additional 45,031 shares during the quarter. Salesforce makes up 0.9% of Canada Post Corp Registered Pension Plan’s holdings, making the stock its 20th biggest holding. Canada Post Corp Registered Pension Plan’s holdings in Salesforce were worth $19,443,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Salesforce by 1.0% in the second quarter. Vanguard Group Inc. now owns 88,823,481 shares of the CRM provider’s stock worth $24,221,275,000 after purchasing an additional 909,853 shares during the last quarter. State Street Corp grew its position in shares of Salesforce by 1.6% in the 2nd quarter. State Street Corp now owns 49,260,918 shares of the CRM provider’s stock valued at $13,452,998,000 after buying an additional 776,300 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Salesforce by 0.6% in the second quarter. Geode Capital Management LLC now owns 20,873,900 shares of the CRM provider’s stock valued at $5,669,224,000 after buying an additional 114,504 shares during the period. Norges Bank bought a new position in shares of Salesforce during the second quarter worth about $2,826,049,000. Finally, Amundi lifted its stake in shares of Salesforce by 26.2% in the second quarter. Amundi now owns 7,755,317 shares of the CRM provider’s stock worth $2,087,545,000 after acquiring an additional 1,612,413 shares during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insider Buying and Selling at Salesforce

In related news, Director Neelie Kroes sold 3,893 shares of the company’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $238.70, for a total value of $929,259.10. Following the sale, the director owned 7,299 shares in the company, valued at $1,742,271.30. This represents a 34.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David Blair Kirk purchased 1,936 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was acquired at an average cost of $258.64 per share, for a total transaction of $500,727.04. Following the transaction, the director owned 10,677 shares in the company, valued at $2,761,499.28. This represents a 22.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 3.00% of the stock is currently owned by insiders.

Salesforce Stock Performance

Shares of Salesforce stock opened at $191.48 on Friday. The business has a 50-day simple moving average of $243.57 and a 200 day simple moving average of $245.35. Salesforce Inc. has a one year low of $187.12 and a one year high of $333.82. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $179.42 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 1.30 and a beta of 1.27.

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

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th were paid a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, December 18th. Salesforce’s dividend payout ratio (DPR) is 22.16%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CRM. Wedbush restated an “outperform” rating and set a $375.00 price target on shares of Salesforce in a report on Thursday, December 4th. Needham & Company LLC reissued a “buy” rating and set a $400.00 target price on shares of Salesforce in a research note on Thursday, December 4th. Northland Securities upped their price target 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. Truist Financial decreased their price target on Salesforce from $400.00 to $380.00 and set a “buy” rating for the company in a report on Thursday, December 4th. Finally, The Goldman Sachs Group assumed coverage on Salesforce in a research note on Monday, January 12th. They issued a “buy” rating and a $330.00 price objective on the stock. One research 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 given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $323.57.

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.