Salesforce Inc. $CRM Stake Raised by Beaumont Financial Advisors LLC

Beaumont Financial Advisors LLC increased its stake in shares of Salesforce Inc. (NYSE:CRM) by 1,905.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,050 shares of the CRM provider’s stock after purchasing an additional 30,452 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in Salesforce were worth $5,983,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Commonwealth Retirement Investments LLC acquired a new position in shares of Salesforce in the fourth quarter worth $25,000. Board of the Pension Protection Fund purchased a new stake in shares of Salesforce during the fourth quarter worth $26,000. Key Capital Management INC acquired a new stake in Salesforce during the fourth quarter valued at $26,000. Gilpin Wealth Management LLC purchased a new position in Salesforce in the fourth quarter valued at about $26,000. Finally, Legacy Bridge LLC purchased a new position in Salesforce in the fourth quarter valued at about $27,000. 80.43% of the stock is owned by hedge funds and other institutional investors.

Salesforce Price Performance

NYSE:CRM opened at $167.32 on Thursday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.15. The firm has a market cap of $137.03 billion, a PE ratio of 19.37, a price-to-earnings-growth ratio of 0.90 and a beta of 1.18. Salesforce Inc. has a 12 month low of $146.32 and a 12 month high of $274.00. The company’s 50-day moving average price is $171.12 and its two-hundred day moving average price is $191.99.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.13 by $0.75. The company had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.05 billion. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The business’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.58 earnings per share. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. On average, equities analysts anticipate that Salesforce Inc. will post 10.29 EPS for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were given a dividend of $0.44 per share. The ex-dividend date was Thursday, June 11th. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. Salesforce’s payout ratio is currently 20.37%.

Wall Street Analyst Weigh In

CRM has been the topic of several analyst reports. Piper Sandler downgraded shares of Salesforce from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 28th. Scotiabank downgraded Salesforce from a “sector outperform” rating to a “sector perform” rating in a research note on Thursday, June 18th. Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 price objective on shares of Salesforce in a report on Thursday, May 28th. Weiss Ratings raised Salesforce from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 7th. Finally, Daiwa Securities Group reduced their target price on Salesforce from $295.00 to $280.00 and set a “buy” rating for the company in a report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $254.42.

Salesforce 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.