AMG National Trust Bank Cuts Stake in Salesforce Inc. $CRM

AMG National Trust Bank lowered its stake in shares of Salesforce Inc. (NYSE:CRM) by 51.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,857 shares of the CRM provider’s stock after selling 8,378 shares during the quarter. AMG National Trust Bank’s holdings in Salesforce were worth $1,467,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Temasek Holdings Private Ltd grew its holdings in Salesforce by 3.7% during the 4th quarter. Temasek Holdings Private Ltd now owns 683,790 shares of the CRM provider’s stock valued at $181,143,000 after buying an additional 24,332 shares in the last quarter. SFE Investment Counsel grew its stake in Salesforce by 82.7% during the fourth quarter. SFE Investment Counsel now owns 17,394 shares of the CRM provider’s stock valued at $4,608,000 after acquiring an additional 7,871 shares in the last quarter. Secured Retirement Advisors LLC bought a new stake in Salesforce during the 1st quarter worth approximately $1,004,000. Hilton Head Capital Partners LLC bought a new position in Salesforce in the 4th quarter worth about $997,000. Finally, Independent Franchise Partners LLP bought a new stake in shares of Salesforce during the 4th quarter valued at about $142,521,000. Institutional investors own 80.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CRM. UBS Group began coverage on shares of Salesforce in a report on Wednesday, July 1st. They issued an “overweight” rating on the stock. Weiss Ratings upgraded Salesforce from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 7th. Roth Capital restated a “buy” rating and issued a $325.00 target price on shares of Salesforce in a research report on Thursday, May 28th. Monness Crespi & Hardt upgraded shares of Salesforce from a “neutral” rating to a “buy” rating and set a $200.00 price target on the stock in a research report on Thursday, June 18th. Finally, B. Riley Financial lifted their price target on shares of Salesforce from $205.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $254.42.

Salesforce Stock Performance

Salesforce stock opened at $167.32 on Thursday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.15. The firm has a market cap of $137.03 billion, a P/E ratio of 19.37, a P/E/G ratio of 0.90 and a beta of 1.18. The firm has a 50-day moving average of $171.12 and a 200-day moving average of $191.99. Salesforce Inc. has a 1-year low of $146.32 and a 1-year high of $274.00.

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

Salesforce Dividend Announcement

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

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.