Meiji Yasuda Life Insurance Co Cuts Stake in Salesforce Inc. $CRM

Meiji Yasuda Life Insurance Co reduced its stake in Salesforce Inc. (NYSE:CRM) by 2.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 7,109 shares of the CRM provider’s stock after selling 144 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in Salesforce were worth $1,908,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bernard Wealth Management Corp. purchased a new position in shares of Salesforce in the 4th quarter worth about $25,000. Wood Tarver Financial Group LLC bought a new stake in Salesforce in the 4th quarter valued at about $35,000. Capital A Wealth Management LLC increased its position in shares of Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after buying an additional 90 shares during the period. CBIZ Investment Advisory Services LLC increased its position in shares of Salesforce by 314.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after buying an additional 85 shares during the period. Finally, Abound Financial LLC bought a new stake in shares of Salesforce during the first quarter valued at about $31,000. 80.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Morgan Stanley upped their price target on Salesforce from $404.00 to $405.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Deutsche Bank Aktiengesellschaft decreased their price target on Salesforce from $400.00 to $340.00 and set a “buy” rating on the stock in a research report on Thursday. Macquarie reiterated a “neutral” rating and set a $290.00 price target on shares of Salesforce in a research report on Thursday. Northland Securities cut their price objective on Salesforce from $423.00 to $396.00 and set an “outperform” rating for the company in a report on Thursday, May 29th. Finally, Roth Capital reissued a “buy” rating on shares of Salesforce in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Salesforce has an average rating of “Moderate Buy” and a consensus target price of $331.34.

Insider Buying and Selling

In other news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $257.02, for a total transaction of $578,295.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $3,061,511,978.42. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 66,077 shares of company stock worth $16,885,773 in the last quarter. 3.00% of the stock is owned by company insiders.

Salesforce Stock Up 2.6%

Shares of NYSE CRM opened at $250.40 on Monday. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The firm’s 50 day simple moving average is $255.64 and its two-hundred day simple moving average is $266.32. The stock has a market capitalization of $238.38 billion, a P/E ratio of 36.40, a PEG ratio of 2.29 and a beta of 1.22.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The business had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same period last year, the business earned $2.56 earnings per share. The business’s quarterly revenue was up 9.8% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. As a group, analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be given a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, September 17th. Salesforce’s dividend payout ratio (DPR) is presently 24.13%.

Salesforce Profile

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.