Baxter Bros Inc. Decreases Stake in Salesforce Inc. $CRM

Baxter Bros Inc. reduced its position in Salesforce Inc. (NYSE:CRM) by 7.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,314 shares of the CRM provider’s stock after selling 188 shares during the period. Baxter Bros Inc.’s holdings in Salesforce were worth $631,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Tandem Capital Management Corp ADV lifted its position in shares of Salesforce by 6.0% during the second quarter. Tandem Capital Management Corp ADV now owns 2,791 shares of the CRM provider’s stock worth $761,000 after purchasing an additional 158 shares during the last quarter. Armstrong Fleming & Moore Inc bought a new position in shares of Salesforce during the second quarter worth about $246,000. Account Management LLC bought a new position in shares of Salesforce during the second quarter worth about $202,000. Beaumont Asset Management L.L.C. lifted its position in shares of Salesforce by 1.1% during the second quarter. Beaumont Asset Management L.L.C. now owns 7,727 shares of the CRM provider’s stock worth $2,107,000 after purchasing an additional 85 shares during the last quarter. Finally, Notis McConarty Edward lifted its position in shares of Salesforce by 70.7% during the second quarter. Notis McConarty Edward now owns 6,562 shares of the CRM provider’s stock worth $1,789,000 after purchasing an additional 2,718 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CRM. Roth Capital reiterated a “buy” rating and set a $395.00 price objective on shares of Salesforce in a research note on Thursday, September 4th. Stifel Nicolaus dropped their price objective on shares of Salesforce from $375.00 to $325.00 and set a “buy” rating on the stock in a research note on Wednesday, August 13th. Needham & Company LLC reiterated a “buy” rating and set a $400.00 price objective on shares of Salesforce in a research note on Thursday, September 4th. UBS Group dropped their price objective on shares of Salesforce from $300.00 to $260.00 and set a “neutral” rating on the stock in a research note on Monday, August 18th. Finally, BMO Capital Markets dropped their price target on shares of Salesforce from $335.00 to $280.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. Twenty-six equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Salesforce has an average rating of “Moderate Buy” and an average target price of $332.58.

Insiders Place Their Bets

In related news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $241.32, for a total transaction of $542,970.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,874,500,313.72. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 78,750 shares of company stock worth $19,679,535 in the last ninety days. Company insiders own 3.00% of the company’s stock.

Salesforce Price Performance

NYSE CRM opened at $240.23 on Thursday. 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 firm has a market capitalization of $228.70 billion, a PE ratio of 34.92, a P/E/G ratio of 2.07 and a beta of 1.19. The company’s 50 day simple moving average is $245.13 and its 200 day simple moving average is $259.53.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating 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 business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the business earned $2.56 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. 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 forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be issued a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, September 17th. Salesforce’s dividend payout ratio (DPR) is presently 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.