Salesforce Inc. $CRM Shares Acquired by Beaumont Financial Advisors LLC

Key Points

• Beaumont Financial Advisors LLC boosted its Salesforce stake by 1,905.6% in the first quarter, ending with 32,050 shares valued at about $5.98 million.
• Salesforce reported better-than-expected quarterly results, posting EPS of $3.88 versus $3.13 expected and revenue of $11.13 billion, up 13.3% year over year.
• The company also paid a quarterly dividend of $0.44 per share, while analysts currently rate the stock a Moderate Buy with a consensus target price of $254.42.

Beaumont Financial Advisors LLC grew its position in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 1,905.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,050 shares of the CRM provider's stock after purchasing an additional 30,452 shares during the period. Beaumont Financial Advisors LLC's holdings in Salesforce were worth $5,983,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. J. Stern & Co. LLP lifted its holdings in 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 worth $12,552,896,000 after buying an additional 47,189,352 shares in the last quarter. Norges Bank acquired a new stake in shares of Salesforce during the fourth quarter valued at about $3,182,951,000. Cardano Risk Management B.V. increased 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 acquiring an additional 3,504,605 shares during the last quarter. 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 during the last quarter. Finally, Capital World Investors lifted its stake in shares of Salesforce by 13.5% in the fourth quarter. Capital World Investors now owns 19,672,684 shares of the CRM provider's stock worth $5,211,515,000 after acquiring an additional 2,347,478 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Stock Performance

CRM opened at $167.32 on Thursday. The business's 50 day moving average is $171.12 and its 200-day moving average is $191.99. The stock 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. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.15. Salesforce Inc. has a twelve month low of $146.32 and a twelve month high of $274.00.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings data 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. 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 was up 13.3% on a year-over-year basis. During the same period in the previous year, the business 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, analysts predict that Salesforce Inc. will post 10.29 earnings per share for the current year.

Salesforce Announces Dividend

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

Analyst Ratings Changes

Several research firms have recently commented on CRM. Royal Bank Of Canada cut Salesforce from a "sector perform" rating to a "sector perform" rating in a research note on Wednesday, July 1st. Wolfe Research cut shares of Salesforce from an "outperform" rating to a "hold" rating in a report on Wednesday, July 1st. HSBC increased their price objective on shares of Salesforce from $350.00 to $356.00 and gave the company a "buy" rating in a research note on Friday, May 29th. BTIG Research reissued a "buy" rating and issued a $255.00 target price on shares of Salesforce in a research report on Tuesday, May 26th. Finally, Citizens Jmp restated a "market outperform" rating and issued a $315.00 target price on shares of Salesforce in a research note on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $254.42.

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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