MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Buys 9,023 Shares of Salesforce Inc. $CRM

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in Salesforce Inc. by 6.0%, acquiring an additional 9,023 shares, bringing its total to 159,378 shares worth approximately $43.46 million.
• Salesforce reported $2.91 earnings per share (EPS) for the latest quarter, surpassing estimates, with a year-over-year revenue growth of 9.8% to $10.24 billion.
• The company recently declared a quarterly dividend of $0.416, with an annualized yield of 0.7%, set to be paid on October 9th to investors of record by September 17th.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 6.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 159,378 shares of the CRM provider's stock after buying an additional 9,023 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Salesforce were worth $43,461,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Diversified Trust Co boosted its position in Salesforce by 30.1% during the second quarter. Diversified Trust Co now owns 27,786 shares of the CRM provider's stock worth $7,577,000 after purchasing an additional 6,430 shares during the period. Neville Rodie & Shaw Inc. boosted its position in Salesforce by 4.6% during the second quarter. Neville Rodie & Shaw Inc. now owns 59,970 shares of the CRM provider's stock worth $16,353,000 after purchasing an additional 2,644 shares during the period. AG2R LA Mondiale Gestion D Actifs bought a new position in Salesforce during the first quarter worth about $9,367,000. Jones Financial Companies Lllp boosted its position in Salesforce by 31.2% during the first quarter. Jones Financial Companies Lllp now owns 344,887 shares of the CRM provider's stock worth $93,016,000 after purchasing an additional 81,916 shares during the period. Finally, Wesbanco Bank Inc. boosted its position in Salesforce by 6.8% during the second quarter. Wesbanco Bank Inc. now owns 110,968 shares of the CRM provider's stock worth $30,260,000 after purchasing an additional 7,091 shares during the period. Institutional investors own 80.43% of the company's stock.

Salesforce Stock Up 0.5%

Shares of Salesforce stock opened at $245.85 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00. The stock has a market capitalization of $234.05 billion, a price-to-earnings ratio of 35.73, a P/E/G ratio of 2.23 and a beta of 1.22. The company's 50 day moving average price is $250.07 and its 200-day moving average price is $262.14.

Salesforce (NYSE:CRM - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm had revenue of $10.24 billion for the quarter, compared to analysts' expectations of $10.14 billion. During the same quarter last year, the business earned $2.56 earnings per share. The business'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. Equities research analysts forecast that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be issued a $0.416 dividend. The ex-dividend date is Wednesday, September 17th. This represents a $1.66 annualized dividend and a yield of 0.7%. Salesforce's payout ratio is 24.13%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CRM. Oppenheimer cut their target price on shares of Salesforce from $370.00 to $315.00 and set an "outperform" rating for the company in a research report on Tuesday, August 26th. Macquarie reissued a "neutral" rating and issued a $290.00 price target on shares of Salesforce in a report on Thursday, September 4th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Salesforce from $400.00 to $340.00 and set a "buy" rating on the stock in a report on Thursday, September 4th. JMP Securities reissued a "market outperform" rating and issued a $430.00 price target on shares of Salesforce in a report on Tuesday, September 2nd. Finally, Westpark Capital reissued a "buy" rating and issued a $320.00 price target on shares of Salesforce in a report on Wednesday, May 28th. 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 given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $332.58.

Insider Buying and Selling at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $248.19, for a total value of $558,427.50. Following the sale, the chief executive officer owned 11,911,571 shares in the company, valued at $2,956,332,806.49. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David Blair Kirk purchased 3,400 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The stock was bought 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 $973,819.84. This represents a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 76,500 shares of company stock worth $19,402,583. 3.00% of the stock is currently owned by company insiders.

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.

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