Salesforce Inc. $CRM Stake Raised by Banque Transatlantique SA

Key Points

• Banque Transatlantique SA increased its holdings in Salesforce Inc. by 350% in the 1st quarter, now owning 284,518 shares valued at approximately $70.56 million.
• Salesforce recently declared a quarterly dividend of $0.416 per share, representing a 0.7% yield and a payout ratio of 25.98%.
• Analysts have varying ratings for Salesforce, with a consensus rating of "Moderate Buy" and an average price target of $341.50, reflecting optimistic growth forecasts.

Banque Transatlantique SA raised its holdings in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 350.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 284,518 shares of the CRM provider's stock after buying an additional 221,290 shares during the quarter. Salesforce comprises about 1.3% of Banque Transatlantique SA's portfolio, making the stock its 13th biggest holding. Banque Transatlantique SA's holdings in Salesforce were worth $70,560,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. AIA Group Ltd lifted its position in shares of Salesforce by 8.0% during the first quarter. AIA Group Ltd now owns 32,885 shares of the CRM provider's stock worth $8,825,000 after purchasing an additional 2,436 shares in the last quarter. Notis McConarty Edward raised its holdings in Salesforce by 71.6% in the first quarter. Notis McConarty Edward now owns 3,844 shares of the CRM provider's stock valued at $1,032,000 after acquiring an additional 1,604 shares in the last quarter. Aberdeen Group plc raised its holdings in Salesforce by 1.5% in the first quarter. Aberdeen Group plc now owns 1,036,482 shares of the CRM provider's stock valued at $274,802,000 after acquiring an additional 15,782 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. raised its holdings in Salesforce by 43.0% in the first quarter. Leith Wheeler Investment Counsel Ltd. now owns 104,834 shares of the CRM provider's stock valued at $28,133,000 after acquiring an additional 31,537 shares in the last quarter. Finally, Alecta Tjanstepension Omsesidigt raised its holdings in Salesforce by 121.9% in the first quarter. Alecta Tjanstepension Omsesidigt now owns 355,000 shares of the CRM provider's stock valued at $95,222,000 after acquiring an additional 195,000 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company's stock.

Insider Buying and Selling

In related news, CEO Marc Benioff sold 2,250 shares of the company's stock in a transaction 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 transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at $3,061,511,978.42. This represents a 0.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders sold 66,077 shares of company stock worth $16,885,773. 3.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CRM shares. UBS Group lowered their price objective on shares of Salesforce from $300.00 to $260.00 and set a "neutral" rating on the stock in a research report on Monday, August 18th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $325.00 price objective on shares of Salesforce in a research report on Thursday. Sanford C. Bernstein lowered their price objective on shares of Salesforce from $255.00 to $221.00 and set an "underperform" rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft reduced their target price on Salesforce from $400.00 to $340.00 and set a "buy" rating for the company in a report on Thursday. Finally, Citigroup reissued a "neutral" rating on shares of Salesforce in a report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Salesforce currently has a consensus rating of "Moderate Buy" and a consensus price target of $331.34.

Salesforce Stock Up 2.6%

NYSE CRM traded up $6.39 on Friday, reaching $250.40. The company had a trading volume of 13,010,920 shares, compared to its average volume of 9,763,446. The firm has a 50-day moving average of $255.64 and a 200-day moving average of $266.68. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The firm has a market capitalization of $239.39 billion, a PE ratio of 36.40, a P/E/G ratio of 2.27 and a beta of 1.22. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.07 and a quick ratio of 1.07.

Salesforce (NYSE:CRM - Get Free Report) last announced its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.78 by $0.13. Salesforce had a return on equity of 13.34% and a net margin of 16.87%.The company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the company posted $2.56 EPS. Salesforce'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. On average, equities research analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be paid 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 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.