AAFMAA Wealth Management & Trust LLC Trims Holdings in Salesforce Inc. $CRM

Key Points

• AAFMAA Wealth Management & Trust cut its Salesforce stake by 71.2% in the second quarter, selling 3,700 shares and retaining 1,497 shares valued at approximately $235,000.
• Institutional ownership remains high at 80.43%, with several major investors—including J. Stern & Co., Arrowstreet Capital and Capital International Investors—recently increasing their positions.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $249.51. Salesforce recently exceeded quarterly earnings and revenue expectations, while paying a quarterly dividend of $0.44 per share.

AAFMAA Wealth Management & Trust LLC lowered its stake in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 71.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,497 shares of the CRM provider's stock after selling 3,700 shares during the quarter. AAFMAA Wealth Management & Trust LLC's holdings in Salesforce were worth $235,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. J. Stern & Co. LLP grew its holdings in Salesforce by 24,056.7% during the 4th quarter. J. Stern & Co. LLP now owns 47,385,511 shares of the CRM provider's stock worth $12,552,896,000 after acquiring an additional 47,189,352 shares in the last quarter. Norges Bank acquired a new stake in shares of Salesforce in the 4th quarter valued at about $3,182,951,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Salesforce by 130.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 12,659,217 shares of the CRM provider's stock valued at $2,363,096,000 after purchasing an additional 7,160,302 shares in the last quarter. Cardano Risk Management B.V. lifted its position in shares of Salesforce by 924.7% during 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 purchasing an additional 3,504,605 shares during the last quarter. Finally, Capital International Investors grew its stake in Salesforce by 13.3% in the fourth quarter. Capital International Investors now owns 22,721,010 shares of the CRM provider's stock worth $6,019,199,000 after purchasing an additional 2,669,891 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on CRM shares. KeyCorp lowered Salesforce from an "overweight" rating to a "sector weight" rating in a report on Wednesday, July 8th. B. Riley Financial lifted their target price on Salesforce from $205.00 to $240.00 and gave the stock a "buy" rating in a research report on Thursday, May 28th. Canaccord Genuity Group reiterated a "buy" rating and issued a $225.00 price target on shares of Salesforce in a report on Tuesday, June 16th. DA Davidson reduced their price objective on Salesforce from $200.00 to $175.00 and set a "neutral" rating on the stock in a research note on Thursday, May 28th. Finally, Wolfe Research lowered shares of Salesforce from an "outperform" rating to a "hold" rating in a research note on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Salesforce has a consensus rating of "Moderate Buy" and an average target price of $249.51.

Salesforce Stock Performance

Shares of CRM opened at $192.48 on Friday. The firm has a fifty day moving average of $171.23 and a 200-day moving average of $183.26. The company has a market cap of $157.64 billion, a price-to-earnings ratio of 22.28, a price-to-earnings-growth ratio of 1.01 and a beta of 1.16. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.79. Salesforce Inc. has a 1 year low of $146.32 and a 1 year high of $269.11.

Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share for the quarter, topping analysts' consensus estimates of $3.13 by $0.75. The business had revenue of $11.13 billion for the quarter, compared to analysts' expectations of $11.05 billion. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.58 EPS. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. As a group, equities analysts anticipate that Salesforce Inc. will post 10.27 earnings per share for the current 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 issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, June 11th. Salesforce's payout ratio is 20.37%.

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.

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