Chevy Chase Trust Holdings LLC Buys 4,835 Shares of Salesforce Inc. $CRM

Key Points

• Chevy Chase Trust Holdings LLC increased its stake in Salesforce Inc. by 1.0%, owning a total of 508,745 shares valued at approximately $138.73 million as of its latest SEC filing.
• Salesforce reported better-than-expected quarterly earnings of $2.91 EPS on revenue of $10.24 billion, exceeding estimates and marking a 9.8% increase year-over-year.
• The company recently paid a quarterly dividend of $0.416 per share, representing an annualized yield of 0.7% and a payout ratio of 24.13%.

Chevy Chase Trust Holdings LLC grew its stake in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 1.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 508,745 shares of the CRM provider's stock after buying an additional 4,835 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Salesforce worth $138,730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Painted Porch Advisors LLC grew its holdings in shares of Salesforce by 260.0% in the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock valued at $25,000 after purchasing an additional 65 shares in the last quarter. Capital A Wealth Management LLC grew its holdings in shares of Salesforce by 450.0% in the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock valued at $30,000 after purchasing an additional 90 shares in the last quarter. CBIZ Investment Advisory Services LLC grew its holdings in shares of Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock valued at $30,000 after purchasing an additional 85 shares in the last quarter. Abound Financial LLC purchased a new position in shares of Salesforce in the first quarter valued at $31,000. Finally, Christopher J. Hasenberg Inc boosted its stake in Salesforce by 383.3% during the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider's stock worth $32,000 after buying an additional 92 shares during the period. 80.43% of the stock is owned by hedge funds and other institutional investors.

Salesforce Stock Performance

CRM opened at $245.09 on Friday. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00. 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 $233.33 billion, a P/E ratio of 35.62, a price-to-earnings-growth ratio of 2.04 and a beta of 1.19. The firm's 50-day moving average price is $244.31 and its 200-day moving average price is $258.05.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.13. The firm had revenue of $10.24 billion for 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 for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company 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, equities analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were paid a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, September 17th. Salesforce's payout ratio is 24.13%.

Analyst Ratings Changes

A number of analysts have recently issued reports on CRM shares. Bank of America lowered their target price on shares of Salesforce from $350.00 to $325.00 and set a "buy" rating for the company in a research note on Tuesday, August 26th. BMO Capital Markets lowered their target price on shares of Salesforce from $335.00 to $280.00 and set an "outperform" rating for the company in a research note on Thursday, September 4th. Wedbush restated an "outperform" rating and issued a $375.00 price objective on shares of Salesforce in a report on Thursday. UBS Group lowered their price objective on shares of Salesforce from $300.00 to $260.00 and set a "neutral" rating for the company in a research note on Monday, August 18th. Finally, Royal Bank Of Canada lowered 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. Twenty-five analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $325.23.

Insider Buying and Selling

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the business's stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $238.37, for a total transaction of $536,332.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,839,361,179.27. The trade was 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. In the last ninety days, insiders sold 78,750 shares of company stock worth $19,521,495. 3.00% of the stock is currently owned by 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.

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