Aaron Wealth Advisors LLC Acquires 3,930 Shares of Salesforce Inc. $CRM

Aaron Wealth Advisors LLC boosted its holdings in Salesforce Inc. (NYSE:CRM) by 48.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,977 shares of the CRM provider’s stock after acquiring an additional 3,930 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Salesforce were worth $3,173,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. lifted its position in Salesforce by 15.2% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 22,792 shares of the CRM provider’s stock valued at $6,038,000 after acquiring an additional 3,013 shares in the last quarter. Portside Wealth Group LLC lifted its position in Salesforce by 89.5% in the 4th quarter. Portside Wealth Group LLC now owns 12,397 shares of the CRM provider’s stock valued at $3,284,000 after acquiring an additional 5,855 shares in the last quarter. Sound Income Strategies LLC lifted its position in Salesforce by 33.9% in the 4th quarter. Sound Income Strategies LLC now owns 1,261 shares of the CRM provider’s stock valued at $334,000 after acquiring an additional 319 shares in the last quarter. Capital Advisors Wealth Management LLC lifted its position in Salesforce by 5.8% in the 4th quarter. Capital Advisors Wealth Management LLC now owns 925 shares of the CRM provider’s stock valued at $245,000 after acquiring an additional 51 shares in the last quarter. Finally, Blue Zone Wealth Advisors LLC lifted its position in Salesforce by 0.6% in the 4th quarter. Blue Zone Wealth Advisors LLC now owns 38,347 shares of the CRM provider’s stock valued at $10,159,000 after acquiring an additional 212 shares in the last quarter. 80.43% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Salesforce news, Director Laura Alber purchased 2,571 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was acquired at an average price of $194.58 per share, for a total transaction of $500,265.18. Following the purchase, the director owned 9,530 shares of the company’s stock, valued at approximately $1,854,347.40. This represents a 36.94% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David Blair Kirk purchased 2,570 shares of the business’s stock in a transaction on Wednesday, March 18th. The stock was acquired at an average price of $194.62 per share, with a total value of $500,173.40. Following the purchase, the director directly owned 13,689 shares in the company, valued at $2,664,153.18. This represents a 23.11% increase in their position. The SEC filing for this purchase provides additional information. 3.00% of the stock is currently owned by company insiders.

Salesforce Trading Down 1.1%

NYSE:CRM opened at $185.12 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market capitalization of $170.86 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 1.36 and a beta of 1.29. Salesforce Inc. has a one year low of $174.57 and a one year high of $296.05. The business has a fifty day moving average price of $193.66 and a 200-day moving average price of $228.25.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, February 25th. The CRM provider reported $3.81 EPS for the quarter, topping the consensus estimate of $3.05 by $0.76. The firm had revenue of $11.20 billion during the quarter, compared to analyst estimates of $11.18 billion. Salesforce had a return on equity of 15.38% and a net margin of 17.96%.Salesforce’s revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.78 EPS. Salesforce has set its FY 2027 guidance at 13.110-13.190 EPS and its Q1 2027 guidance at 3.110-3.130 EPS. Sell-side analysts forecast that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce announced that its Board of Directors has initiated a share buyback program on Monday, March 16th that allows the company to repurchase $25.00 billion in shares. This repurchase authorization allows the CRM provider to buy up to 14.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Salesforce Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Thursday, April 9th will be paid a $0.44 dividend. This is a positive change from Salesforce’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, April 9th. This represents a $1.76 annualized dividend and a dividend yield of 1.0%. Salesforce’s dividend payout ratio (DPR) is currently 21.25%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CRM. Oppenheimer lowered their price target on Salesforce from $275.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, February 26th. Stifel Nicolaus lowered their price target on Salesforce from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Northland Securities lowered their price target on Salesforce from $267.00 to $229.00 and set a “market perform” rating on the stock in a report on Tuesday, March 10th. UBS Group lowered their price target on Salesforce from $260.00 to $200.00 and set a “neutral” rating on the stock in a report on Tuesday, February 17th. Finally, Sanford C. Bernstein lowered their price target on Salesforce from $223.00 to $194.00 and set an “underperform” rating on the stock in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $280.21.

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.