Talbot Financial LLC Grows Stock Holdings in Salesforce Inc. $CRM

Talbot Financial LLC raised its holdings in shares of Salesforce Inc. (NYSE:CRM) by 13.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 89,490 shares of the CRM provider’s stock after buying an additional 10,664 shares during the quarter. Salesforce comprises 1.8% of Talbot Financial LLC’s portfolio, making the stock its 16th largest holding. Talbot Financial LLC’s holdings in Salesforce were worth $21,209,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Brighton Jones LLC raised its position in Salesforce by 13.7% during the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after purchasing an additional 3,102 shares during the period. Revolve Wealth Partners LLC increased its position in shares of Salesforce by 12.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock valued at $611,000 after purchasing an additional 205 shares during the last quarter. Bison Wealth LLC increased its position in shares of Salesforce by 9.0% during the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock valued at $747,000 after purchasing an additional 184 shares during the last quarter. TFB Advisors LLC raised its holdings in Salesforce by 4.7% during the 1st quarter. TFB Advisors LLC now owns 2,119 shares of the CRM provider’s stock valued at $569,000 after buying an additional 95 shares during the period. Finally, Martingale Asset Management L P lifted its position in Salesforce by 2.8% in the first quarter. Martingale Asset Management L P now owns 71,285 shares of the CRM provider’s stock worth $19,130,000 after buying an additional 1,922 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors.

Salesforce Stock Performance

Shares of NYSE:CRM opened at $257.71 on Friday. The firm’s 50 day simple moving average is $246.59 and its 200-day simple moving average is $251.85. 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 Inc. has a one year low of $221.96 and a one year high of $367.09. The firm has a market cap of $241.47 billion, a PE ratio of 34.41, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.

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

Salesforce Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 18th will be given 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 presently 22.16%.

Wall Street Analyst Weigh In

CRM has been the topic of a number of analyst reports. Wedbush reiterated an “outperform” rating and set a $375.00 price objective on shares of Salesforce in a research report on Thursday, December 4th. Piper Sandler reiterated an “overweight” rating on shares of Salesforce in a report on Thursday, December 4th. Stifel Nicolaus reduced their price objective on shares of Salesforce from $325.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, October 9th. Macquarie boosted their target price on Salesforce from $250.00 to $265.00 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Finally, Cowen reiterated a “buy” rating on shares of Salesforce in a report on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $326.68.

Insider Activity

In other Salesforce news, Director G Mason Morfit acquired 96,000 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was 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 in the company, valued at $780,309,155.22. The trade was a 3.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Parker Harris sold 134,662 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $234.70, for a total transaction of $31,605,171.40. Following the transaction, the insider directly owned 139,767 shares in the company, valued at $32,803,314.90. This trade represents a 49.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 173,034 shares of company stock worth $41,097,367. Company insiders own 3.00% of the company’s stock.

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.