Comerica Bank Acquires 1,910 Shares of Salesforce Inc. $CRM

Comerica Bank increased its holdings in shares of Salesforce Inc. (NYSE:CRM) by 0.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 213,591 shares of the CRM provider’s stock after purchasing an additional 1,910 shares during the quarter. Comerica Bank’s holdings in Salesforce were worth $57,319,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of CRM. Nuveen LLC bought a new stake in Salesforce during the 1st quarter worth approximately $2,039,196,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Salesforce by 926.4% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,256,211 shares of the CRM provider’s stock worth $1,422,979,000 after purchasing an additional 3,841,521 shares in the last quarter. GAMMA Investing LLC increased its stake in Salesforce by 30,456.9% during the 1st quarter. GAMMA Investing LLC now owns 3,801,588 shares of the CRM provider’s stock worth $1,020,194,000 after purchasing an additional 3,789,147 shares in the last quarter. Northern Trust Corp increased its stake in Salesforce by 18.3% during the 4th quarter. Northern Trust Corp now owns 11,224,927 shares of the CRM provider’s stock worth $3,752,830,000 after purchasing an additional 1,736,667 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in Salesforce by 1,744.0% during the 1st quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock worth $488,486,000 after purchasing an additional 1,721,550 shares in the last quarter. 80.43% of the stock is owned by institutional investors.

Insider Activity at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $257.02, for a total transaction of $578,295.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $3,061,511,978.42. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 52,577 shares of company stock valued at $13,528,188 in the last 90 days. Corporate insiders own 3.00% of the company’s stock.

Salesforce Price Performance

NYSE:CRM opened at $248.0150 on Friday. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00. The company has a market cap of $237.10 billion, a P/E ratio of 38.81, a P/E/G ratio of 2.25 and a beta of 1.37. The firm’s fifty day moving average price is $258.37 and its two-hundred day moving average price is $271.92. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.07 and a quick ratio of 1.07.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, May 28th. The CRM provider reported $2.58 EPS for the quarter, beating the consensus estimate of $2.55 by $0.03. Salesforce had a net margin of 16.08% and a return on equity of 12.94%. The business had revenue of $9.83 billion for the quarter, compared to the consensus estimate of $9.74 billion. During the same period in the prior year, the company posted $2.44 earnings per share. Salesforce’s revenue was up 7.6% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.270-11.330 EPS. Q2 2026 guidance at 2.760-2.780 EPS. Equities analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were paid a $0.416 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. Salesforce’s dividend payout ratio is 25.98%.

Analyst Ratings Changes

A number of analysts have recently issued reports on CRM shares. Barclays lowered their price objective on shares of Salesforce from $347.00 to $316.00 and set an “overweight” rating on the stock in a report on Monday, August 18th. Northland Securities lowered their price objective on shares of Salesforce from $423.00 to $396.00 and set an “outperform” rating on the stock in a report on Thursday, May 29th. Canaccord Genuity Group lowered their price objective on shares of Salesforce from $400.00 to $350.00 and set a “buy” rating on the stock in a report on Wednesday, May 28th. Stephens lowered their price objective on shares of Salesforce from $311.00 to $309.00 and set an “equal weight” rating on the stock in a report on Friday, May 30th. Finally, Mizuho lowered their price objective on shares of Salesforce from $425.00 to $380.00 and set an “outperform” rating on the stock in a report on Thursday, May 15th. Four analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $342.89.

Salesforce 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.