Livforsakringsbolaget Skandia Omsesidigt Purchases 20,579 Shares of Salesforce Inc. $CRM

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Salesforce Inc. by 79.1%, bringing its total investment to $12.72 million with 46,600 shares owned at the end of the second quarter.
• Salesforce recently declared a quarterly dividend of $0.416, representing an annualized dividend of $1.66 with a yield of 0.7%, scheduled for payment on October 9th.
• Salesforce reported a strong earnings performance, with $2.91 EPS for the quarter, exceeding analysts' expectations, alongside a year-over-year revenue increase of 9.8% to $10.24 billion.

Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 79.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,600 shares of the CRM provider's stock after buying an additional 20,579 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Salesforce were worth $12,720,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bernard Wealth Management Corp. acquired a new position in Salesforce in the fourth quarter valued at $25,000. Wood Tarver Financial Group LLC bought a new stake in Salesforce in the 4th quarter worth about $35,000. Capital A Wealth Management LLC grew its position in shares of Salesforce by 450.0% during the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock valued at $30,000 after acquiring an additional 90 shares during the period. CBIZ Investment Advisory Services LLC lifted its stake in shares of Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock valued at $30,000 after buying an additional 85 shares in the last quarter. Finally, Abound Financial LLC purchased a new stake in Salesforce in the 1st quarter worth approximately $31,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Marc Benioff sold 2,250 shares of the company's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $245.09, for a total transaction of $551,452.50. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at approximately $2,919,406,936.39. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David Blair Kirk acquired 3,400 shares of the business's stock in a transaction on Tuesday, September 9th. The stock was acquired at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the acquisition, the director owned 3,824 shares of the company's stock, valued at approximately $973,819.84. This trade represents a 801.89% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 74,250 shares of company stock valued at $18,844,155. Company insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

CRM has been the topic of a number of analyst reports. Macquarie reiterated a "neutral" rating and issued a $290.00 target price on shares of Salesforce in a research report on Thursday, September 4th. Northland Securities decreased their target price on shares of Salesforce from $423.00 to $396.00 and set an "outperform" rating for the company in a report on Thursday, May 29th. Citigroup boosted their target price on shares of Salesforce from $275.00 to $276.00 and gave the company a "neutral" rating in a research report on Tuesday, September 9th. Westpark Capital reissued a "buy" rating and issued a $320.00 target price on shares of Salesforce in a research note on Wednesday, May 28th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Salesforce from $400.00 to $340.00 and set a "buy" rating for the company in a research report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $332.58.

Salesforce Price Performance

Shares of CRM traded up $2.45 during mid-day trading on Monday, reaching $249.54. The company had a trading volume of 3,233,107 shares, compared to its average volume of 7,587,280. The company's 50-day moving average is $250.77 and its 200-day moving average is $262.61. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00. The company has a market capitalization of $237.56 billion, a P/E ratio of 36.28, a P/E/G ratio of 2.25 and a beta of 1.22. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12.

Salesforce (NYSE:CRM - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.13. The firm had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The company's revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous 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. On average, equities analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be given a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 17th. Salesforce's dividend payout ratio is 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.