Midwest Trust Co Raises Stake in Salesforce Inc. $CRM

Midwest Trust Co grew its stake in Salesforce Inc. (NYSE:CRM) by 3.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 191,775 shares of the CRM provider’s stock after acquiring an additional 6,008 shares during the quarter. Midwest Trust Co’s holdings in Salesforce were worth $35,799,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on CRM. UBS Group started coverage on Salesforce in a research note on Wednesday, July 1st. They issued an “overweight” rating on the stock. HC Wainwright lowered shares of Salesforce to a “negative” rating in a report on Thursday, June 18th. KeyCorp cut shares of Salesforce from an “overweight” rating to a “sector weight” rating in a research report on Wednesday. Roth Capital reaffirmed a “buy” rating and set a $325.00 target price on shares of Salesforce in a research note on Thursday, May 28th. Finally, Macquarie Infrastructure dropped their price target on shares of Salesforce from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Thursday, May 28th. One 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 given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $254.42.

Key Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce announced a $1 billion investment in Switzerland over five years to expand adoption of agentic AI, reinforcing its commitment to AI-led growth and potentially strengthening its international enterprise relationships.
• Positive Sentiment: A bullish deep-dive argued Salesforce is trading at a depressed valuation, with strong free-cash-flow generation and a large debt-funded buyback that reduced share count by more than 10%, signaling management confidence in the business.
• Neutral Sentiment: Salesforce also unveiled MCP-powered capabilities for Slackbot, which could improve product usefulness and customer engagement, but the market may need proof that these features translate into faster growth.
• Neutral Sentiment: Triveni Power Transmission’s partnership with Salesforce for customer engagement in manufacturing adds another example of industry adoption, though the near-term financial impact appears limited.
• Negative Sentiment: KeyBanc’s downgrade and slightly lower earnings forecast added to investor skepticism that Agentforce will become a major growth catalyst soon.
• Negative Sentiment: Several market commentaries highlighted that CRM has been a weak performer over the past year, and the recent pullback suggests investors remain cautious despite its lower valuation.

Salesforce Stock Up 0.5%

Shares of Salesforce stock traded up $0.84 during trading hours on Friday, reaching $163.34. 8,316,028 shares of the company were exchanged, compared to its average volume of 15,336,670. The firm has a market cap of $133.77 billion, a PE ratio of 18.90, a PEG ratio of 1.02 and a beta of 1.18. The stock’s fifty day moving average is $171.89 and its 200 day moving average is $194.51. Salesforce Inc. has a 1 year low of $146.32 and a 1 year high of $274.00. 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 (NYSE:CRM) last released its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, topping the consensus estimate of $3.13 by $0.75. The firm had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.05 billion. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.Salesforce’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm 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. As a group, equities research analysts forecast that Salesforce Inc. will post 10.29 earnings per share for the current year.

Salesforce Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors 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 annualized dividend and a yield of 1.1%. Salesforce’s dividend payout ratio (DPR) is 20.37%.

Salesforce announced that its board has initiated a stock buyback program on Monday, March 16th that permits the company to buyback $25.00 billion in shares. This buyback authorization permits the CRM provider to repurchase up to 14.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

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.