Bank of New York Mellon Corp Sells 375,523 Shares of Salesforce Inc. $CRM

Bank of New York Mellon Corp cut its position in Salesforce Inc. (NYSE:CRM) by 6.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,817,816 shares of the CRM provider’s stock after selling 375,523 shares during the period. Bank of New York Mellon Corp owned about 0.61% of Salesforce worth $1,586,460,000 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. boosted its position in Salesforce by 1.6% during the first quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock valued at $23,592,501,000 after purchasing an additional 1,383,942 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Salesforce by 6.9% during the 1st 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 purchasing an additional 600,386 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Salesforce by 5.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider’s stock worth $2,419,037,000 after purchasing an additional 437,435 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Salesforce in the 1st quarter valued at approximately $2,039,196,000. Finally, Charles Schwab Investment Management Inc. raised its position in Salesforce by 4.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,362,035 shares of the CRM provider’s stock worth $1,707,316,000 after acquiring an additional 295,681 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Stock Up 1.5%

Salesforce stock opened at $260.55 on Monday. The firm has a market cap of $248.04 billion, a price-to-earnings ratio of 37.87, a PEG ratio of 2.11 and a beta of 1.19. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00. 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 50 day moving average price of $247.52 and a two-hundred day moving average price of $258.14.

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

Salesforce Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were given a dividend of $0.416 per share. The ex-dividend date was Wednesday, September 17th. This represents a $1.66 annualized dividend and a yield of 0.6%. Salesforce’s payout ratio is presently 24.13%.

Wall Street Analyst Weigh In

CRM has been the subject of a number of research analyst reports. Macquarie restated a “neutral” rating and set a $250.00 price objective on shares of Salesforce in a report on Thursday, October 16th. Royal Bank Of Canada decreased their price objective on Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a report on Thursday, September 4th. UBS Group decreased their price target on shares of Salesforce from $300.00 to $260.00 and set a “neutral” rating on the stock in a research note on Monday, August 18th. Sanford C. Bernstein lowered their price target on shares of Salesforce from $255.00 to $221.00 and set an “underperform” rating on the stock in a research report on Thursday, September 4th. Finally, JMP Securities reissued a “market outperform” rating and issued a $430.00 price objective on shares of Salesforce in a report on Friday, October 17th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $325.23.

Insider Buying and Selling at Salesforce

In other news, Director David Blair Kirk purchased 3,400 shares of the stock in a transaction on Tuesday, September 9th. The shares were acquired at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the transaction, the director directly owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. This trade represents a 801.89% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $255.30, for a total transaction of $574,425.00. Following the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $3,041,024,076.30. The trade was a 0.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 76,500 shares of company stock valued at $18,804,983 over the last quarter. 3.00% of the stock is 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.