B&D White Capital Company LLC Buys New Shares in Salesforce Inc. $CRM

B&D White Capital Company LLC acquired a new position in Salesforce Inc. (NYSE:CRM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 12,950 shares of the CRM provider’s stock, valued at approximately $3,069,000.

A number of other hedge funds also recently made changes to their positions in the stock. Scott & Selber Inc. lifted its holdings in Salesforce by 0.7% during the second quarter. Scott & Selber Inc. now owns 5,850 shares of the CRM provider’s stock valued at $1,595,000 after purchasing an additional 39 shares in the last quarter. Hanson & Doremus Investment Management raised its position in shares of Salesforce by 6.9% during the 2nd quarter. Hanson & Doremus Investment Management now owns 607 shares of the CRM provider’s stock valued at $166,000 after purchasing an additional 39 shares during the period. Beverly Hills Private Wealth LLC lifted its stake in shares of Salesforce by 2.3% during the 2nd quarter. Beverly Hills Private Wealth LLC now owns 1,716 shares of the CRM provider’s stock valued at $468,000 after buying an additional 39 shares in the last quarter. Lifeworks Advisors LLC boosted its holdings in Salesforce by 2.9% in the 2nd quarter. Lifeworks Advisors LLC now owns 1,420 shares of the CRM provider’s stock worth $387,000 after buying an additional 40 shares during the period. Finally, BankPlus Wealth Management LLC increased its stake in Salesforce by 1.9% in the 2nd quarter. BankPlus Wealth Management LLC now owns 2,264 shares of the CRM provider’s stock worth $617,000 after buying an additional 42 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CRM. JMP Securities reaffirmed a “market outperform” rating and issued a $430.00 price objective on shares of Salesforce in a research note on Friday, October 17th. Barclays boosted their price target on Salesforce from $316.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, December 4th. BTIG Research initiated coverage on shares of Salesforce in a report on Tuesday, December 16th. They set a “buy” rating and a $335.00 price objective for the company. Macquarie boosted their target price on shares of Salesforce from $250.00 to $265.00 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Finally, Piper Sandler restated an “overweight” rating on shares of Salesforce in a research report on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $327.74.

Salesforce Trading Up 1.2%

Shares of NYSE CRM opened at $266.06 on Thursday. Salesforce Inc. has a 1-year low of $221.96 and a 1-year high of $367.09. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.98 and a quick ratio of 0.98. The business’s 50 day moving average is $250.25 and its two-hundred day moving average is $251.64. The stock has a market capitalization of $249.30 billion, a P/E ratio of 35.52, a PEG ratio of 1.96 and a beta of 1.26.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.39. Salesforce had a return on equity of 14.41% and a net margin of 17.91%.The business had revenue of $10.26 billion during the quarter, compared to analyst estimates of $10.27 billion. During the same period last year, the company earned $2.41 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. As a group, research analysts expect that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 18th will be paid a dividend of $0.416 per share. The ex-dividend date of this dividend is Thursday, December 18th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.6%. Salesforce’s dividend payout ratio is currently 22.16%.

Insiders Place Their Bets

In other Salesforce news, insider Parker Harris sold 134,662 shares of the stock in a transaction 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 sale, the insider owned 139,767 shares in the company, valued at $32,803,314.90. This trade represents a 49.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director G Mason Morfit bought 96,000 shares of the stock in a transaction dated Friday, December 5th. The shares were bought at an average cost of $260.58 per share, with a total value of $25,015,680.00. Following the completion of the purchase, the director directly owned 2,994,509 shares of the company’s stock, valued at approximately $780,309,155.22. This trade represents a 3.31% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have sold 157,284 shares of company stock valued at $37,274,684. Corporate insiders own 3.00% of the company’s stock.

Salesforce Company Profile

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.