Plimoth Trust Co. LLC Has $4.97 Million Stake in Salesforce Inc. $CRM

Plimoth Trust Co. LLC increased its holdings in shares of Salesforce Inc. (NYSE:CRM) by 11.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,956 shares of the CRM provider’s stock after purchasing an additional 2,091 shares during the period. Salesforce makes up 1.1% of Plimoth Trust Co. LLC’s portfolio, making the stock its 25th biggest position. Plimoth Trust Co. LLC’s holdings in Salesforce were worth $4,967,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CRM. Painted Porch Advisors LLC lifted its position in Salesforce by 260.0% in the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after acquiring an additional 65 shares in the last quarter. Evolution Wealth Management Inc. acquired a new stake in shares of Salesforce in the 2nd quarter valued at about $27,000. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 85 shares in the last quarter. Christopher J. Hasenberg Inc boosted its position in shares of Salesforce by 383.3% during the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after buying an additional 92 shares during the period. Finally, Maseco LLP bought a new position in shares of Salesforce during the second quarter worth about $34,000. 80.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CRM has been the subject of a number of recent research reports. Cowen reaffirmed a “buy” rating on shares of Salesforce in a research report on Thursday, December 4th. Needham & Company LLC reissued a “buy” rating and issued a $400.00 price objective on shares of Salesforce in a research report on Thursday, December 4th. Northland Capmk downgraded shares of Salesforce from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 14th. Macquarie lifted their price target on shares of Salesforce from $250.00 to $265.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Finally, Guggenheim restated a “neutral” rating on shares of Salesforce in a research note on Thursday, December 4th. One equities 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $326.68.

Salesforce Trading Up 0.3%

Salesforce stock opened at $266.09 on Monday. Salesforce Inc. has a 52 week low of $221.96 and a 52 week high of $367.09. The stock has a market capitalization of $249.33 billion, a P/E ratio of 35.53, a PEG ratio of 1.98 and a beta of 1.25. The stock has a 50-day simple moving average of $249.16 and a 200 day simple moving average of $251.51. 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 earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 EPS for the quarter, topping 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 company had revenue of $10.26 billion during the quarter, compared to the consensus estimate of $10.27 billion. During the same period in the previous year, the company posted $2.41 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. Analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

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

Insider Buying and Selling at Salesforce

In related news, Director G Mason Morfit acquired 96,000 shares of the business’s stock in a transaction on Friday, December 5th. The stock was purchased at an average cost of $260.58 per share, for a total transaction of $25,015,680.00. Following the completion of the transaction, the director directly owned 2,994,509 shares of the company’s stock, valued at approximately $780,309,155.22. The trade was a 3.31% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Parker Harris sold 134,662 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $234.70, for a total value of $31,605,171.40. Following the completion of the sale, the insider owned 139,767 shares of the company’s stock, valued at $32,803,314.90. This trade represents a 49.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 164,034 shares of company stock valued at $38,889,037 in the last three months. 3.00% of the stock is currently owned by company insiders.

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.