Marco Investment Management LLC Buys 2,402 Shares of Salesforce Inc. $CRM

Marco Investment Management LLC grew its stake in shares of Salesforce Inc. (NYSE:CRM) by 4.5% in the second quarter, Holdings Channel reports. The institutional investor owned 55,268 shares of the CRM provider’s stock after purchasing an additional 2,402 shares during the period. Salesforce accounts for approximately 1.3% of Marco Investment Management LLC’s holdings, making the stock its 26th biggest position. Marco Investment Management LLC’s holdings in Salesforce were worth $15,071,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CRM. Achmea Investment Management B.V. lifted its stake in Salesforce by 9.2% during the second quarter. Achmea Investment Management B.V. now owns 148,254 shares of the CRM provider’s stock worth $40,427,000 after purchasing an additional 12,544 shares during the period. Diversified Trust Co grew its stake in shares of Salesforce by 30.1% in the 2nd quarter. Diversified Trust Co now owns 27,786 shares of the CRM provider’s stock valued at $7,577,000 after purchasing an additional 6,430 shares during the period. Andra AP fonden raised its holdings in shares of Salesforce by 34.4% in the 2nd quarter. Andra AP fonden now owns 174,145 shares of the CRM provider’s stock worth $47,488,000 after buying an additional 44,600 shares in the last quarter. Neville Rodie & Shaw Inc. lifted its position in shares of Salesforce by 4.6% during the 2nd quarter. Neville Rodie & Shaw Inc. now owns 59,970 shares of the CRM provider’s stock worth $16,353,000 after buying an additional 2,644 shares during the period. Finally, Resona Asset Management Co. Ltd. lifted its position in shares of Salesforce by 5.7% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 326,826 shares of the CRM provider’s stock worth $89,160,000 after buying an additional 17,487 shares during the period. 80.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $241.50, for a total value of $543,375.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $2,876,644,396.50. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Blair Kirk purchased 3,400 shares of the business’s stock in a transaction dated Tuesday, September 9th. The shares were purchased at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the purchase, the director directly owned 3,824 shares of the company’s stock, valued at $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold a total of 74,372 shares of company stock worth $18,317,866 over the last quarter. Corporate insiders own 3.00% of the company’s stock.

Salesforce Stock Up 0.3%

Shares of NYSE CRM opened at $239.92 on Friday. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00. The firm’s 50-day simple moving average is $247.41 and its 200 day simple moving average is $258.16. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. The company has a market cap of $228.40 billion, a price-to-earnings ratio of 34.87, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19.

Salesforce (NYSE:CRM) last announced its earnings results 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. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the firm posted $2.56 earnings per share. The company’s 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. On average, research analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Shareholders 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 annualized dividend and a yield of 0.7%. Salesforce’s dividend payout ratio is currently 24.13%.

Analysts Set New Price Targets

A number of brokerages have weighed in on CRM. Needham & Company LLC reiterated a “buy” rating and issued a $400.00 price target on shares of Salesforce in a research report on Thursday, October 16th. Wedbush restated an “outperform” rating and issued a $375.00 target price on shares of Salesforce in a research note on Thursday, October 16th. Northland Securities lowered shares of Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 target price on the stock. in a report on Tuesday, October 14th. JPMorgan Chase & Co. cut their price target on shares of Salesforce from $380.00 to $365.00 and set an “overweight” rating for the company in a report on Thursday, September 4th. Finally, KeyCorp reduced their price target on shares of Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Salesforce presently has an average rating of “Moderate Buy” and an average target price of $325.23.

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.