Mendel Money Management Boosts Stock Holdings in Salesforce Inc. $CRM

Mendel Money Management boosted its stake in shares of Salesforce Inc. (NYSE:CRM) by 15.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,279 shares of the CRM provider’s stock after acquiring an additional 167 shares during the period. Mendel Money Management’s holdings in Salesforce were worth $349,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Nuveen LLC purchased a new position in shares of Salesforce in the 1st quarter worth $2,039,196,000. Longview Partners Guernsey LTD purchased a new position in shares of Salesforce in the 1st quarter worth $467,944,000. Pacer Advisors Inc. grew its stake in shares of Salesforce by 1,744.0% in the 1st quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock worth $488,486,000 after buying an additional 1,721,550 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Salesforce by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock worth $23,592,501,000 after buying an additional 1,383,942 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. purchased a new position in shares of Salesforce in the 1st quarter worth $345,100,000. 80.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $256.13, for a total value of $576,292.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $3,050,910,680.23. The trade was a 0.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have sold 78,750 shares of company stock valued at $19,372,703. Insiders own 3.00% of the company’s stock.

Salesforce Trading Down 0.4%

Shares of CRM opened at $254.40 on Wednesday. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The company has a 50-day moving average of $246.93 and a 200 day moving average of $258.05. The firm has a market capitalization of $242.19 billion, a price-to-earnings ratio of 36.98, a PEG ratio of 2.14 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12.

Salesforce (NYSE:CRM) last posted its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the business posted $2.56 EPS. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, research analysts expect that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were issued a $0.416 dividend. The ex-dividend date was Wednesday, September 17th. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. Salesforce’s payout ratio is currently 24.13%.

Wall Street Analyst Weigh In

A number of brokerages have commented on CRM. DA Davidson reissued a “neutral” rating and issued a $225.00 price objective on shares of Salesforce in a research note on Thursday, October 16th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $325.00 price target on shares of Salesforce in a research note on Thursday, October 16th. Piper Sandler reaffirmed an “overweight” rating and set a $315.00 price target on shares of Salesforce in a research note on Thursday, October 16th. JPMorgan Chase & Co. dropped their price target on shares of Salesforce from $380.00 to $365.00 and set an “overweight” rating for the company in a research note on Thursday, September 4th. Finally, Wells Fargo & Company dropped their price target on shares of Salesforce from $275.00 to $265.00 and set an “equal weight” rating for the company in a research note on Thursday, September 4th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and a consensus target price of $325.23.

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.