Mutual of America Capital Management LLC Has $30.98 Million Position in Salesforce Inc. $CRM

Key Points

• Mutual of America Capital Management LLC reduced its stake in Salesforce Inc. by 1.1%, now holding shares valued at approximately $30.98 million.
• Salesforce's stocks have received mixed analyst ratings, with a consensus average target price of $325.23 and 25 analysts giving a "Buy" rating.
• The company recently declared a quarterly dividend of $0.416, reflecting an annualized yield of 0.7% with a payout ratio of 24.13%.

Mutual of America Capital Management LLC lowered its stake in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 1.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 113,606 shares of the CRM provider's stock after selling 1,257 shares during the period. Mutual of America Capital Management LLC's holdings in Salesforce were worth $30,979,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CRM. Painted Porch Advisors LLC raised its holdings in shares of Salesforce by 260.0% during the 2nd 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 raised its holdings 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 purchasing an additional 90 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its holdings 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 purchasing an additional 85 shares in the last quarter. Abound Financial LLC bought a new position in shares of Salesforce during the 1st quarter valued at $31,000. Finally, Christopher J. Hasenberg Inc raised its holdings in shares of Salesforce by 383.3% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider's stock valued at $32,000 after purchasing an additional 92 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on CRM shares. Royal Bank Of Canada decreased their price target on shares of Salesforce from $275.00 to $250.00 and set a "sector perform" rating on the stock in a research report on Thursday, September 4th. Roth Capital restated a "buy" rating and issued a $395.00 price target on shares of Salesforce in a research report on Thursday, September 4th. Morgan Stanley raised their price target on shares of Salesforce from $404.00 to $405.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 2nd. Barclays decreased their price target on shares of Salesforce from $347.00 to $316.00 and set an "overweight" rating on the stock in a research report on Monday, August 18th. Finally, Piper Sandler restated an "overweight" rating and issued a $315.00 price target on shares of Salesforce in a research report on Thursday. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $325.23.

Insider Transactions at Salesforce

In other news, Director David Blair Kirk purchased 3,400 shares of Salesforce stock in a transaction on Tuesday, September 9th. The shares were purchased at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the transaction, the director directly owned 3,824 shares in the company, valued at approximately $973,819.84. This represents a 801.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $234.64, for a total transaction of $527,940.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,794,931,019.44. This trade represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 78,750 shares of company stock worth $19,521,495. Company insiders own 3.00% of the company's stock.

Salesforce Price Performance

Shares of Salesforce stock opened at $243.27 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The firm's 50-day simple moving average is $244.38 and its 200-day simple moving average is $257.77. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00. The firm has a market cap of $231.59 billion, a P/E ratio of 35.36, a price-to-earnings-growth ratio of 2.10 and a beta of 1.19.

Salesforce (NYSE:CRM - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating 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 business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the business earned $2.56 EPS. The firm'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. As a group, research analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

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

Salesforce Company 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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