Whittier Trust Co. Sells 5,334 Shares of Salesforce Inc. $CRM

Whittier Trust Co. trimmed its stake in shares of Salesforce Inc. (NYSE:CRM) by 13.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,935 shares of the CRM provider’s stock after selling 5,334 shares during the quarter. Whittier Trust Co.’s holdings in Salesforce were worth $8,157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Marquette Asset Management LLC purchased a new stake in Salesforce during the 3rd quarter valued at $26,000. Evolution Wealth Management Inc. bought a new position in shares of Salesforce during the second quarter valued at about $27,000. Quaker Wealth Management LLC boosted its holdings in shares of Salesforce by 208.6% during the second quarter. Quaker Wealth Management LLC now owns 126 shares of the CRM provider’s stock worth $34,000 after purchasing an additional 242 shares during the period. Spurstone Advisory Services LLC purchased a new stake in shares of Salesforce during the second quarter worth about $34,000. Finally, Country Trust Bank grew its stake in shares of Salesforce by 658.8% in the second quarter. Country Trust Bank now owns 129 shares of the CRM provider’s stock worth $35,000 after purchasing an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Price Performance

Shares of CRM opened at $228.02 on Monday. Salesforce Inc. has a fifty-two week low of $218.96 and a fifty-two week high of $367.09. The firm’s 50-day simple moving average is $247.54 and its two-hundred day simple moving average is $248.68. The stock has a market cap of $213.65 billion, a PE ratio of 30.44, a price-to-earnings-growth ratio of 1.70 and a beta of 1.26. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.98 and a current ratio of 0.98.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.39. The firm had revenue of $10.26 billion for the quarter, compared to analysts’ expectations of $10.27 billion. Salesforce had a return on equity of 14.41% and a net margin of 17.91%.The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.41 EPS. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. Analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th were issued a $0.416 dividend. The ex-dividend date of this dividend was Thursday, December 18th. This represents a $1.66 annualized dividend and a yield of 0.7%. Salesforce’s payout ratio is 22.16%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Evercore ISI dropped their price objective on Salesforce from $360.00 to $340.00 and set an “outperform” rating for the company in a report on Thursday, December 4th. Piper Sandler restated an “overweight” rating on shares of Salesforce in a report on Thursday, December 4th. Guggenheim reiterated a “neutral” rating on shares of Salesforce in a report on Thursday, December 4th. Citizens Jmp restated a “market outperform” rating and issued a $430.00 price objective on shares of Salesforce in a report on Tuesday, December 2nd. Finally, BMO Capital Markets dropped their target price on shares of Salesforce from $280.00 to $275.00 and set an “outperform” rating for the company in a research report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Salesforce currently has an average rating of “Moderate Buy” and an average price target of $324.51.

Insider Buying and Selling

In related news, insider Parker Harris sold 134,662 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $234.70, for a total value of $31,605,171.40. Following the transaction, the insider directly owned 139,767 shares of the company’s stock, valued at approximately $32,803,314.90. This represents a 49.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David Blair Kirk bought 1,936 shares of Salesforce stock in a transaction on Wednesday, December 17th. The stock was acquired at an average cost of $258.64 per share, with a total value of $500,727.04. Following the acquisition, the director owned 10,677 shares in the company, valued at approximately $2,761,499.28. This represents a 22.15% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold 143,177 shares of company stock worth $33,714,069 over the last 90 days. 3.00% of the stock is currently owned by company insiders.

About Salesforce

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.