Tiemann Investment Advisors LLC Makes New $1.37 Million Investment in Salesforce Inc. $CRM

Key Points

• Tiemann Investment Advisors acquired 8,755 Salesforce shares worth approximately $1.37 million during the second quarter. Hedge funds and institutional investors own 80.43% of Salesforce stock.
• Salesforce reported quarterly earnings of $3.88 per share, exceeding estimates of $3.13, while revenue rose 13.3% year over year to $11.13 billion.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $249.05; Salesforce also declared a quarterly dividend of $0.44 per share, yielding about 0.9% annually.

Tiemann Investment Advisors LLC acquired a new stake in shares of Salesforce Inc. (NYSE:CRM - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,755 shares of the CRM provider's stock, valued at approximately $1,372,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Commonwealth Retirement Investments LLC purchased a new stake in Salesforce during the 4th quarter worth approximately $25,000. Gilpin Wealth Management LLC purchased a new position in shares of Salesforce in the fourth quarter worth $26,000. Persistent Asset Partners Ltd purchased a new position in shares of Salesforce in the second quarter worth $27,000. Costello Asset Management INC lifted its stake in shares of Salesforce by 410.3% during the first quarter. Costello Asset Management INC now owns 148 shares of the CRM provider's stock worth $28,000 after buying an additional 119 shares during the period. Finally, Birchwood Financial Partners Inc. purchased a new stake in shares of Salesforce during the fourth quarter valued at $28,000. 80.43% of the stock is owned by hedge funds and other institutional investors.

Salesforce Price Performance

NYSE:CRM opened at $191.20 on Tuesday. The firm's fifty day moving average is $171.58 and its two-hundred day moving average is $181.69. The firm has a market cap of $156.59 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 1.06 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 one year low of $146.32 and a one 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, beating analysts' consensus estimates of $3.13 by $0.75. The business had revenue of $11.13 billion during 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 company's revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the business posted $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. Research analysts expect that Salesforce Inc. will post 10.27 EPS for the current year.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th were issued a $0.44 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a yield of 0.9%. Salesforce's payout ratio is presently 20.37%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CRM. Guggenheim raised Salesforce from a "neutral" rating to a "buy" rating and set a $228.00 target price on the stock in a research report on Wednesday, July 1st. HSBC boosted their price target on Salesforce from $350.00 to $356.00 and gave the company a "buy" rating in a research note on Friday, May 29th. Piper Sandler cut Salesforce from an "overweight" rating to a "neutral" rating in a research note on Thursday, May 28th. Wedbush initiated coverage on Salesforce in a report on Wednesday, July 1st. They set an "outperform" rating for the company. Finally, UBS Group upped their target price on Salesforce from $185.00 to $210.00 and gave the company a "neutral" rating in a research report on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $249.05.

Salesforce Company 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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