Magellan Asset Management Ltd Boosts Stock Position in Salesforce Inc. $CRM

Magellan Asset Management Ltd boosted its stake in shares of Salesforce Inc. (NYSE:CRM) by 9.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,687 shares of the CRM provider’s stock after acquiring an additional 6,649 shares during the quarter. Magellan Asset Management Ltd’s holdings in Salesforce were worth $21,457,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bradley & Co. Private Wealth Management LLC grew its stake in Salesforce by 22.0% in the 2nd quarter. Bradley & Co. Private Wealth Management LLC now owns 621 shares of the CRM provider’s stock worth $169,000 after acquiring an additional 112 shares in the last quarter. Aviva PLC grew its stake in Salesforce by 6.9% in the second quarter. Aviva PLC now owns 795,904 shares of the CRM provider’s stock worth $217,035,000 after purchasing an additional 51,175 shares in the last quarter. RWA Wealth Partners LLC grew its stake in Salesforce by 746.4% in the second quarter. RWA Wealth Partners LLC now owns 70,885 shares of the CRM provider’s stock worth $19,330,000 after purchasing an additional 62,510 shares in the last quarter. Decker Retirement Planning Inc. increased its holdings in Salesforce by 284.6% during the 2nd quarter. Decker Retirement Planning Inc. now owns 150 shares of the CRM provider’s stock worth $41,000 after purchasing an additional 111 shares during the period. Finally, AE Wealth Management LLC raised its position in Salesforce by 18.1% during the 2nd quarter. AE Wealth Management LLC now owns 171,264 shares of the CRM provider’s stock valued at $46,703,000 after purchasing an additional 26,221 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Trading Up 0.3%

Shares of NYSE:CRM opened at $239.92 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00. The business has a 50 day moving average of $247.41 and a two-hundred day moving average of $258.16. The company has a market capitalization of $228.40 billion, a PE ratio of 34.87, a PEG ratio of 2.11 and a beta of 1.19.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. The business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. As a group, analysts forecast that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

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

Insider Activity at Salesforce

In related news, CEO Marc Benioff sold 122 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $259.00, for a total value of $31,598.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $3,085,096,889. This trade represents a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 74,372 shares of company stock valued at $18,317,866 in the last ninety days. 3.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wall Street Zen lowered shares of Salesforce from a “buy” rating to a “hold” rating in a research note on Saturday. Citigroup boosted their price target on shares of Salesforce from $275.00 to $276.00 and gave the company a “neutral” rating in a report on Tuesday, September 9th. KeyCorp dropped their price objective on shares of Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, September 4th. Royal Bank Of Canada reduced their price objective on shares of Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a research note on Thursday, September 4th. Finally, DA Davidson restated a “neutral” rating and set a $225.00 target price on shares of Salesforce in a report on Thursday, October 16th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $325.23.

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.