Capital Group Private Client Services Inc. Cuts Stock Holdings in Salesforce Inc. $CRM

Key Points

• Capital Group Private Client Services trimmed its Salesforce stake by 4.6% in the fourth quarter, selling 3,517 shares and ending with 72,474 shares valued at about $19.2 million.
• Several insiders were active buyers: directors Laura Alber and David Blair Kirk each purchased about 2,570 shares in March, signaling confidence in the company.
• Analysts remain broadly positive on Salesforce, with a consensus rating of Moderate Buy and a target price of $257.97; the company also recently beat earnings and revenue estimates and authorized a $25 billion share repurchase program.

Capital Group Private Client Services Inc. reduced its position in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,474 shares of the CRM provider's stock after selling 3,517 shares during the period. Capital Group Private Client Services Inc.'s holdings in Salesforce were worth $19,199,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Board of the Pension Protection Fund purchased a new stake in Salesforce during the 4th quarter worth approximately $26,000. Key Capital Management INC purchased a new stake in Salesforce during the 4th quarter worth approximately $26,000. Legacy Bridge LLC purchased a new stake in Salesforce during the 4th quarter worth approximately $27,000. Texas Capital Bancshares Inc TX purchased a new stake in Salesforce during the 3rd quarter worth approximately $28,000. Finally, Dogwood Wealth Management LLC increased its stake in Salesforce by 285.7% during the 4th quarter. Dogwood Wealth Management LLC now owns 108 shares of the CRM provider's stock worth $29,000 after buying an additional 80 shares in the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Salesforce

In other Salesforce news, Director Laura Alber acquired 2,571 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was bought at an average cost of $194.58 per share, for a total transaction of $500,265.18. Following the completion of the transaction, the director owned 9,530 shares of the company's stock, valued at approximately $1,854,347.40. The trade was a 36.94% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director David Blair Kirk acquired 2,570 shares of the stock in a transaction that occurred on Wednesday, March 18th. The stock was acquired at an average price of $194.62 per share, with a total value of $500,173.40. Following the completion of the transaction, the director directly owned 13,689 shares of the company's stock, valued at $2,664,153.18. This trade represents a 23.11% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 3.50% of the company's stock.

More Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce announced a landmark partnership with FIFA for the 2026 World Cup and 2027 Women’s World Cup, which could showcase its AI-driven Agentforce 360 platform to a massive global audience and potentially drive future enterprise demand. Article Title
• Positive Sentiment: KeyCorp kept an Overweight rating and a $290 price target on Salesforce, while modeling earnings above consensus for FY2027, signaling continued analyst confidence in the company’s profit growth. Article Title
• Positive Sentiment: Recent commentary highlights Salesforce’s strong momentum, helped by its AI strategy, Agentforce rollout, recurring revenue base, and expanding free cash flow, which may keep long-term investors interested. Article Title
• Neutral Sentiment: Salesforce’s presentation at the Evercore Global TMT Conference and valuation-focused coverage suggest investors are still reassessing how much of the AI and Agentforce optimism is already priced in. Article Title
• Negative Sentiment: Bridgewater Associates reportedly sold Salesforce, which can pressure sentiment in the near term, although the article argues that institutional selling may create a better entry point for patient investors. Article Title

Analyst Upgrades and Downgrades

CRM has been the subject of several research reports. B. Riley Financial boosted their price objective on Salesforce from $205.00 to $240.00 and gave the stock a "buy" rating in a research note on Thursday, May 28th. Weiss Ratings upgraded Salesforce from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday. Bank of America started coverage on Salesforce in a research report on Monday, May 18th. They issued an "underperform" rating and a $160.00 price target for the company. Morgan Stanley dropped their price target on Salesforce from $398.00 to $287.00 and set an "overweight" rating for the company in a research report on Monday, February 23rd. Finally, Barclays dropped their price target on Salesforce from $252.00 to $236.00 and set an "overweight" rating for the company in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $257.97.

Salesforce Price Performance

CRM stock opened at $185.85 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79. The business has a 50 day simple moving average of $181.31 and a 200-day simple moving average of $208.90. The firm has a market capitalization of $152.21 billion, a PE ratio of 21.51, a price-to-earnings-growth ratio of 1.17 and a beta of 1.16. Salesforce Inc. has a 1 year low of $163.52 and a 1 year high of $276.80.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.13 by $0.75. The business had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.05 billion. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The business's revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.58 earnings per share. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. Equities research analysts anticipate that Salesforce Inc. will post 10.3 earnings per share for the current fiscal year.

Salesforce declared that its board has approved a stock repurchase program on Monday, March 16th that permits the company to buyback $25.00 billion in shares. This buyback authorization permits the CRM provider to purchase up to 14.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Salesforce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Thursday, June 11th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 0.9%. The ex-dividend date is Thursday, June 11th. Salesforce's dividend payout ratio is presently 20.37%.

Salesforce Profile

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.

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