NFJ Investment Group LLC Has $14.67 Million Stake in Salesforce Inc. $CRM

Key Points

• NFJ Investment Group LLC increased its position in Salesforce Inc. by 9.5%, owning a total of 54,674 shares valued at approximately $14.67 million, as disclosed in their recent SEC filing.
• Salesforce's stock has seen a decline of 4.7%, with a current market price of $244.32, and a 52-week high of $369.00.
• The company announced a quarterly dividend of $0.416 per share, set to be paid on October 9th, with a projected dividend yield of 0.7%.

NFJ Investment Group LLC boosted its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 9.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,674 shares of the CRM provider's stock after buying an additional 4,729 shares during the period. NFJ Investment Group LLC's holdings in Salesforce were worth $14,672,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Bernard Wealth Management Corp. acquired a new position in Salesforce in the fourth quarter valued at approximately $25,000. Capital A Wealth Management LLC raised its holdings in Salesforce by 450.0% in the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock worth $30,000 after purchasing an additional 90 shares during the period. CBIZ Investment Advisory Services LLC raised its holdings in Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock worth $30,000 after purchasing an additional 85 shares during the period. Abound Financial LLC acquired a new stake in Salesforce in the first quarter worth $31,000. Finally, Wood Tarver Financial Group LLC acquired a new stake in Salesforce in the fourth quarter worth $35,000. 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 firm's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $241.50, for a total transaction of $543,375.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,876,644,396.50. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have sold 66,077 shares of company stock worth $16,885,773. Company insiders own 3.00% of the company's stock.

Salesforce Stock Performance

Shares of CRM traded up $1.07 during midday trading on Monday, reaching $251.83. The stock had a trading volume of 12,593,889 shares, compared to its average volume of 7,512,772. The firm has a 50 day simple moving average of $255.64 and a 200-day simple moving average of $266.32. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00. The firm has a market cap of $239.74 billion, a PE ratio of 36.60, a P/E/G ratio of 2.29 and a beta of 1.22. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.78 by $0.13. The company had revenue of $10.24 billion during the quarter, compared to analysts' expectations of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. Salesforce's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.56 EPS. 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, sell-side analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be paid 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 is Wednesday, September 17th. Salesforce's dividend payout ratio (DPR) is currently 24.13%.

Analyst Ratings Changes

Several equities research analysts have weighed in on CRM shares. Barclays cut their target price on shares of Salesforce from $347.00 to $316.00 and set an "overweight" rating on the stock in a report on Monday, August 18th. JPMorgan Chase & Co. lowered their price objective on shares of Salesforce from $380.00 to $365.00 and set an "overweight" rating for the company in a research report on Thursday. KeyCorp lowered their price objective on shares of Salesforce from $440.00 to $400.00 and set an "overweight" rating for the company in a research report on Thursday. Macquarie reissued a "neutral" rating and set a $290.00 price objective on shares of Salesforce in a research report on Thursday. Finally, Northland Securities lowered their price objective on shares of Salesforce from $423.00 to $396.00 and set an "outperform" rating for the company in a research report on Thursday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $333.11.

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.