TIAA Trust National Association Increases Stake in Salesforce Inc. $CRM

TIAA Trust National Association grew its holdings in Salesforce Inc. (NYSE:CRM) by 6.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,662 shares of the CRM provider’s stock after acquiring an additional 7,363 shares during the period. TIAA Trust National Association’s holdings in Salesforce were worth $31,267,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Painted Porch Advisors LLC grew its stake in Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after purchasing an additional 65 shares in the last quarter. Capital A Wealth Management LLC boosted its stake in shares of Salesforce by 450.0% in the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after buying an additional 90 shares during the period. CBIZ Investment Advisory Services LLC boosted its stake in shares of Salesforce by 314.8% in 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 during the period. Abound Financial LLC acquired a new position in shares of Salesforce during the first quarter worth about $31,000. Finally, Christopher J. Hasenberg Inc increased its stake in shares of Salesforce by 383.3% during the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after buying an additional 92 shares during the period. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Trading Up 1.5%

NYSE CRM opened at $260.55 on Friday. The firm’s fifty day moving average price is $247.52 and its 200 day moving average price is $258.08. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $248.04 billion, a price-to-earnings ratio of 37.87, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.13. The company had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. Salesforce’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm 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, sell-side analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were paid a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Wednesday, September 17th. Salesforce’s dividend payout ratio (DPR) is currently 24.13%.

Insider Activity at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $248.56, for a total value of $559,260.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,960,740,087.76. The trade was a 0.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David Blair Kirk bought 3,400 shares of Salesforce stock in a transaction dated 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 acquisition, the director directly owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. The trade was a 801.89% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have sold 78,750 shares of company stock worth $19,372,928. 3.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CRM has been the subject of a number of recent research reports. Royal Bank Of Canada decreased 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 note on Thursday, September 4th. Canaccord Genuity Group dropped their price objective on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, September 4th. Stifel Nicolaus decreased their price objective on shares of Salesforce from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, October 9th. Northland Capmk downgraded shares of Salesforce from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Salesforce from $400.00 to $340.00 and set a “buy” rating on the stock in a report on Thursday, September 4th. Twenty-five 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $325.23.

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.