PNC Financial Services Group Inc. Sells 8,114 Shares of Salesforce Inc. $CRM

PNC Financial Services Group Inc. lowered its position in Salesforce Inc. (NYSE:CRM) by 3.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 250,007 shares of the CRM provider’s stock after selling 8,114 shares during the period. PNC Financial Services Group Inc.’s holdings in Salesforce were worth $46,669,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. J. Stern & Co. LLP lifted its stake in shares of Salesforce by 24,056.7% in the 4th quarter. J. Stern & Co. LLP now owns 47,385,511 shares of the CRM provider’s stock valued at $12,552,896,000 after purchasing an additional 47,189,352 shares during the last quarter. Norges Bank bought a new position in Salesforce during the fourth quarter valued at about $3,182,951,000. Cardano Risk Management B.V. lifted its position in shares of Salesforce by 924.7% in the fourth quarter. Cardano Risk Management B.V. now owns 3,883,610 shares of the CRM provider’s stock worth $1,028,807,000 after buying an additional 3,504,605 shares during the last quarter. Capital International Investors boosted its stake in shares of Salesforce by 13.3% during the 4th quarter. Capital International Investors now owns 22,721,010 shares of the CRM provider’s stock worth $6,019,199,000 after acquiring an additional 2,669,891 shares in the last quarter. Finally, Capital World Investors increased its holdings in shares of Salesforce by 13.5% during the 4th quarter. Capital World Investors now owns 19,672,684 shares of the CRM provider’s stock valued at $5,211,515,000 after acquiring an additional 2,347,478 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CRM shares. DA Davidson decreased their target price on Salesforce from $200.00 to $175.00 and set a “neutral” rating for the company in a research report on Thursday, May 28th. Royal Bank Of Canada downgraded shares of Salesforce from a “sector perform” rating to a “sector perform” rating in a report on Wednesday, July 1st. Wall Street Zen upgraded shares of Salesforce from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. UBS Group restated an “equal weight” rating on shares of Salesforce in a report on Tuesday. Finally, Citigroup upgraded Salesforce from a “hold” rating to a “buy” rating in a research note on Wednesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Salesforce presently has a consensus rating of “Moderate Buy” and a consensus target price of $249.51.

Salesforce Stock Performance

NYSE CRM opened at $156.97 on Friday. The company’s fifty day moving average is $170.28 and its two-hundred day moving average is $187.96. Salesforce Inc. has a 52-week low of $146.32 and a 52-week high of $274.00. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market capitalization of $128.56 billion, a price-to-earnings ratio of 18.17, a P/E/G ratio of 0.88 and a beta of 1.18.

Salesforce (NYSE:CRM) last released its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share for the quarter, beating the consensus estimate of $3.13 by $0.75. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The business had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.05 billion. During the same quarter last year, the company earned $2.58 earnings per share. The firm’s revenue was up 13.3% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. Equities research analysts forecast that Salesforce Inc. will post 10.28 EPS for the current year.

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Thursday, June 11th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, June 11th. Salesforce’s dividend payout ratio is presently 20.37%.

Salesforce News Roundup

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Navatar announced a Claude-native deal engine built on Salesforce Agentforce, highlighting continued enterprise demand for Salesforce’s platform and AI tools. Navatar Launches Claude-Native Deal Engine for Private Equity and M&A Advisory Firms on Salesforce CRM
• Neutral Sentiment: Salesforce received an “Equal Weight” rating from Morgan Stanley, reinforcing a cautious but not outright bearish stance from one major broker. Salesforce (NYSE:CRM) Earns “Equal Weight” Rating from Morgan Stanley
• Neutral Sentiment: Montaka Global Investments described Salesforce as having a compelling outlook, suggesting some long-term investors still see value in the company’s AI and platform strategy. Key Catalysts Behind Salesforce’s (CRM) Compelling Outlook
• Negative Sentiment: Morgan Stanley cut Salesforce’s price target by 35% and downgraded the stock to Equal Weight, signaling reduced upside expectations. Morgan Stanley Slashes Salesforce Price Target By 35%
• Negative Sentiment: Another report said CRM’s recent downgrade reflects a “balanced” risk/reward profile, with analysts seeing no major growth inflection in the near term. CRM Stock Snags Second Rating Downgrade This Month
• Negative Sentiment: Salesforce fell more than the broader market as the stock continued to trade under pressure from sentiment around software valuations and AI competition. Here’s Why Salesforce (CRM) Fell More Than Broader Market

About Salesforce

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.