Consilium Wealth Advisory LLC Makes New Investment in Salesforce Inc. $CRM

Key Points

• Consilium Wealth Advisory LLC opened a new position in Salesforce during the first quarter, buying 5,386 shares valued at about $1.0 million.
• Institutional ownership in Salesforce remains very high at 80.43%, with several large investors also adding to or initiating positions in the stock.
• Salesforce recently reported better-than-expected earnings and authorized a $25 billion share buyback, while analysts currently rate the stock a “Moderate Buy” with a consensus price target of $257.61.

Consilium Wealth Advisory LLC purchased a new position in shares of Salesforce Inc. (NYSE:CRM - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,386 shares of the CRM provider's stock, valued at approximately $1,005,000.

Several other institutional investors have also modified their holdings of CRM. J. Stern & Co. LLP increased its stake 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 purchasing an additional 47,189,352 shares in the last quarter. Norges Bank bought a new position in Salesforce in the fourth quarter valued at approximately $3,182,951,000. Capital World Investors lifted its stake in Salesforce by 159.0% in the third quarter. Capital World Investors now owns 17,325,206 shares of the CRM provider's stock valued at $4,106,255,000 after buying an additional 10,636,161 shares in the last quarter. Cardano Risk Management B.V. boosted its holdings 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 valued at $1,028,807,000 after buying an additional 3,504,605 shares during the period. Finally, Capital International Investors increased its position in shares of Salesforce by 13.3% during the fourth 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. Institutional investors own 80.43% of the company's stock.

Trending Headlines about Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce is being highlighted by bullish commentators as a potential value opportunity near 52-week lows, with one article arguing that a large buyback “war chest” could support the stock if management accelerates repurchases. Salesforce: A No-Brainer 'Buy' At 52-Week Lows, Buyback War Chest Unleashed
• Positive Sentiment: Salesforce announced a new partnership with the Visa Cash App Racing Bulls Formula 1 Team to use Agentforce 360 for fan engagement and operations, which showcases real-world AI adoption and could help sentiment around its AI strategy. VCARB Partners with Salesforce to Supercharge Fan Engagement with AI, Deploying Agentforce 360
• Positive Sentiment: Truist reportedly kept a Buy rating on Salesforce, and commentators including Jim Cramer have pointed to the stock as potentially attractive after its steep decline. Jim Cramer Discusses Big Salesforce (CRM) Deal
• Neutral Sentiment: Salesforce has been attracting unusually high investor attention on Zacks, but the note mainly points to increased interest rather than a clear new catalyst. Salesforce, Inc. (CRM) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: The stock has been sliding amid a record losing streak, with investors worried that AI could pressure the traditional SaaS model and slow Salesforce’s growth outlook. Salesforce stock hits 52-week low amid record losing streak and AI fears
• Negative Sentiment: A separate report said Salesforce’s shares were sliding as the stock approached a record 14th consecutive daily loss, reinforcing weak momentum and bearish trading sentiment. Why Salesforce (CRM) shares are sliding today
• Negative Sentiment: A cybersecurity article noted that a Klue breach exposed Salesforce CRM data via stolen OAuth tokens, which could add to investor concerns about ecosystem security and customer trust. Klue breach exposed Salesforce CRM data through stolen OAuth tokens

Salesforce Stock Performance

Shares of CRM stock opened at $153.27 on Wednesday. Salesforce Inc. has a 12 month low of $146.32 and a 12 month high of $276.80. The company's fifty day simple moving average is $176.77 and its 200-day simple moving average is $202.95. The firm has a market cap of $125.53 billion, a PE ratio of 17.74, a P/E/G ratio of 0.93 and a beta of 1.16. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.15.

Salesforce (NYSE:CRM - Get Free Report) last released its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $11.05 billion. During the same quarter last year, the firm earned $2.58 earnings per share. The firm's revenue for the quarter was up 13.3% compared to the same quarter last year. 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 expect that Salesforce Inc. will post 10.29 EPS for the current fiscal year.

Salesforce declared that its Board of Directors has approved a stock repurchase plan on Monday, March 16th that authorizes the company to buyback $25.00 billion in shares. This buyback authorization authorizes the CRM provider to purchase up to 14.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its stock is undervalued.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th will be issued a $0.44 dividend. The ex-dividend date is Thursday, June 11th. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. Salesforce's dividend payout ratio (DPR) is presently 20.37%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CRM. Scotiabank lowered shares of Salesforce from a "sector outperform" rating to a "sector perform" rating in a report on Thursday, June 18th. Canaccord Genuity Group reiterated a "buy" rating and set a $225.00 target price on shares of Salesforce in a report on Tuesday, June 16th. Piper Sandler downgraded Salesforce from an "overweight" rating to a "neutral" rating in a research note on Thursday, May 28th. DA Davidson cut their price target on Salesforce from $200.00 to $175.00 and set a "neutral" rating on the stock in a report on Thursday, May 28th. Finally, Wolfe Research reaffirmed an "outperform" rating on shares of Salesforce in a research report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $257.61.

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.

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