Copeland Capital Management LLC Trims Stock Holdings in Salesforce Inc. $CRM

Copeland Capital Management LLC trimmed its holdings in Salesforce Inc. (NYSE:CRM) by 0.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,081 shares of the CRM provider’s stock after selling 148 shares during the period. Copeland Capital Management LLC’s holdings in Salesforce were worth $15,020,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its stake in Salesforce by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock valued at $23,592,501,000 after buying an additional 1,383,942 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Salesforce by 6.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider’s stock valued at $2,484,616,000 after buying an additional 600,386 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Salesforce by 5.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider’s stock valued at $2,419,037,000 after buying an additional 437,435 shares in the last quarter. Nuveen LLC purchased a new position in Salesforce in the 1st quarter valued at approximately $2,039,196,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Salesforce by 4.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,362,035 shares of the CRM provider’s stock valued at $1,707,316,000 after buying an additional 295,681 shares in the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Salesforce

In other Salesforce news, Director David Blair Kirk purchased 3,400 shares of the stock in a transaction on Tuesday, September 9th. The stock was acquired at an average cost of $254.66 per share, with a total value of $865,844.00. Following the completion of the purchase, the director directly 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 acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $236.38, for a total transaction of $531,855.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,815,657,152.98. This represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 81,000 shares of company stock valued at $20,357,213 over the last three months. 3.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CRM shares. JMP Securities reiterated a “market outperform” rating and issued a $430.00 price objective on shares of Salesforce in a research note on Tuesday, September 2nd. Royal Bank Of Canada reduced their price target on shares of Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a research report on Thursday, September 4th. Morgan Stanley boosted their price target on shares of Salesforce from $404.00 to $405.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Macquarie restated a “neutral” rating and set a $290.00 price target on shares of Salesforce in a research report on Thursday, September 4th. Finally, Canaccord Genuity Group reduced their price target on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, September 4th. Twenty-six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $332.58.

Salesforce Stock Performance

NYSE CRM opened at $239.01 on Friday. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00. 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 company has a market capitalization of $227.53 billion, a P/E ratio of 34.74, a P/E/G ratio of 2.04 and a beta of 1.19. The company has a fifty day moving average of $247.24 and a 200-day moving average of $260.59.

Salesforce (NYSE:CRM) last posted its quarterly earnings data 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. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the firm posted $2.56 EPS. The firm’s revenue was up 9.8% compared to the same quarter last year. 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 research analysts predict that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

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