Adell Harriman & Carpenter Inc. Trims Position in Salesforce Inc. $CRM

Adell Harriman & Carpenter Inc. trimmed its holdings in shares of Salesforce Inc. (NYSE:CRM) by 28.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,414 shares of the CRM provider’s stock after selling 9,510 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Salesforce were worth $4,557,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CRM. Commonwealth Retirement Investments LLC acquired a new position in Salesforce during the fourth quarter valued at $25,000. Board of the Pension Protection Fund acquired a new stake in Salesforce during the 4th quarter worth about $26,000. Key Capital Management INC acquired a new stake in Salesforce during the 4th quarter worth about $26,000. Gilpin Wealth Management LLC purchased a new position in shares of Salesforce during the 4th quarter valued at about $26,000. Finally, Legacy Bridge LLC purchased a new position in shares of Salesforce during the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CRM. Susquehanna began coverage on Salesforce in a research note on Wednesday, July 1st. They issued a “neutral” rating on the stock. Wells Fargo & Company reduced their price target on Salesforce from $210.00 to $200.00 and set an “equal weight” rating for the company in a research report on Thursday, May 28th. The Goldman Sachs Group started coverage on Salesforce in a report on Thursday, June 18th. They issued a “neutral” rating for the company. Raymond James Financial lowered Salesforce from a “strong-buy” rating to a “moderate buy” rating in a research report on Wednesday, July 1st. Finally, Monness Crespi & Hardt raised shares of Salesforce from a “neutral” rating to a “buy” rating and set a $200.00 target price for the company in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Salesforce presently has an average rating of “Moderate Buy” and an average target price of $254.42.

Key Stories Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Jim Cramer urged investors to stick with Salesforce despite bearish analyst views, which may help support sentiment around the stock. Jim Cramer Urges to Stick With Salesforce Inc. (CRM) Despite Analyst Bearishness
• Positive Sentiment: Several bullish articles argue Salesforce is undervalued relative to its growth prospects, especially as investors rotate toward cheaper earnings-growth names. Earnings season plays: Profit expectations are growing for these stocks while their valuations get cheaper
• Positive Sentiment: Salesforce’s U.S. Air Force fleet-management deal highlights expanding government adoption of its Missionforce platform and strengthens the AI/logistics growth story. How a Major U.S. Air Force Fleet Deal At Salesforce (CRM) Has Changed Its Investment Story
• Positive Sentiment: Commentary from 247WallSt says Salesforce’s agentic AI opportunities could be overlooked by the market, framing the stock as a buy at current levels. Ignore Wall Street and Buy Salesforce for its Agentic AI
• Neutral Sentiment: Another 247WallSt piece compares Salesforce favorably with Palantir and argues the market may be overlooking its value, reinforcing the same bullish valuation narrative. Forget Palantir as It Bounces Back and Get in Salesforce Before Wall Street Wakes Up to Real Value
• Neutral Sentiment: Motley Fool suggested Salesforce could be undervalued if pending acquisitions help solve its growth slowdown, but the article is still more speculative than concrete. Salesforce Could Be Undervalued if This Acquisition Solves Its Biggest Growth Problem
• Negative Sentiment: KeyCorp’s Q1 earnings forecast note suggests analysts are still modeling the business closely, which can keep attention on whether Salesforce can meet elevated expectations. Q1 Earnings Forecast for Salesforce Issued By KeyCorp

Salesforce Stock Down 2.1%

Salesforce stock opened at $167.55 on Wednesday. The stock has a market capitalization of $137.23 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 0.92 and a beta of 1.18. Salesforce Inc. has a 12 month low of $146.32 and a 12 month high of $274.00. The business has a 50 day simple moving average of $171.40 and a 200-day simple moving average of $192.68. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79.

Salesforce (NYSE:CRM) last announced its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.13 by $0.75. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The business had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.05 billion. During the same period in the prior year, the company posted $2.58 EPS. The business’s quarterly 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. On average, analysts anticipate that Salesforce Inc. will post 10.29 EPS for the current fiscal year.

Salesforce Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, June 11th. Salesforce’s dividend payout ratio (DPR) is presently 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.