Tealwood Asset Management Inc. Decreases Holdings in Salesforce Inc. $CRM

Tealwood Asset Management Inc. trimmed its position in shares of Salesforce Inc. (NYSE:CRM) by 3.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,224 shares of the CRM provider’s stock after selling 195 shares during the period. Tealwood Asset Management Inc.’s holdings in Salesforce were worth $1,697,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CRM. Vanguard Group Inc. increased its holdings in shares of Salesforce by 1.6% in the first quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock worth $23,592,501,000 after buying an additional 1,383,942 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Salesforce by 6.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider’s stock worth $2,484,616,000 after buying an additional 600,386 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Salesforce by 5.1% in the first quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider’s stock worth $2,419,037,000 after buying an additional 437,435 shares during the period. Nuveen LLC purchased a new position in shares of Salesforce in the first quarter worth $2,039,196,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Salesforce by 4.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,362,035 shares of the CRM provider’s stock valued at $1,707,316,000 after acquiring an additional 295,681 shares during the period. 80.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CRM has been the topic of a number of analyst reports. Piper Sandler decreased their price objective on shares of Salesforce from $335.00 to $315.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Roth Capital reissued a “buy” rating and set a $395.00 target price on shares of Salesforce in a research note on Thursday, September 4th. Stifel Nicolaus reduced their target price on Salesforce from $375.00 to $325.00 and set a “buy” rating on the stock in a research note on Wednesday, August 13th. Morgan Stanley boosted their price objective on shares of Salesforce from $404.00 to $405.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $325.00 price objective on shares of Salesforce in a research report on Thursday, September 4th. One investment 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $332.58.

Salesforce Price Performance

Shares of NYSE:CRM opened at $244.95 on Tuesday. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The business has a 50-day simple moving average of $248.98 and a two-hundred day simple moving average of $261.22. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $233.19 billion, a price-to-earnings ratio of 35.60, a price-to-earnings-growth ratio of 2.22 and a beta of 1.22.

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

Salesforce Dividend Announcement

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

Insider Buying and Selling at Salesforce

In other news, Director David Blair Kirk bought 3,400 shares of Salesforce stock in a transaction that occurred on Tuesday, September 9th. The stock was bought at an average cost of $254.66 per share, with a total value of $865,844.00. Following the acquisition, the director owned 3,824 shares of the company’s stock, valued at $973,819.84. The trade was a 801.89% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction on Friday, September 26th. The stock was sold at an average price of $242.91, for a total value of $546,547.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $2,893,439,711.61. The trade was a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 78,750 shares of company stock valued at $19,889,213 over the last 90 days. 3.00% of the stock is currently owned by company insiders.

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.