Positano Wealth Management Ltd Has $7.87 Million Stock Position in Salesforce Inc. $CRM

Positano Wealth Management Ltd boosted its stake in Salesforce Inc. (NYSE:CRM) by 234.5% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 42,146 shares of the CRM provider’s stock after buying an additional 29,546 shares during the period. Salesforce accounts for approximately 5.8% of Positano Wealth Management Ltd’s holdings, making the stock its 7th largest position. Positano Wealth Management Ltd’s holdings in Salesforce were worth $7,867,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Commonwealth Retirement Investments LLC bought a new position in shares of Salesforce during the fourth quarter valued at $25,000. Key Capital Management INC bought a new stake in shares of Salesforce in the 4th quarter worth about $26,000. Gilpin Wealth Management LLC bought a new stake in shares of Salesforce in the 4th quarter worth about $26,000. Legacy Bridge LLC acquired a new stake in shares of Salesforce during the 4th quarter worth about $27,000. Finally, Birchwood Financial Partners Inc. bought a new position in Salesforce during the 4th quarter valued at about $28,000. 80.43% of the stock is currently owned by institutional investors.

Salesforce Trading Up 0.2%

Shares of NYSE CRM opened at $184.34 on Monday. Salesforce Inc. has a 1-year low of $146.32 and a 1-year high of $269.11. The company has a market cap of $150.98 billion, a PE ratio of 21.34, a P/E/G ratio of 1.00 and a beta of 1.18. 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 company has a 50-day moving average of $170.34 and a two-hundred day moving average of $184.49.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, beating the consensus estimate of $3.13 by $0.75. The business had revenue of $11.13 billion for the quarter, compared to analysts’ expectations of $11.05 billion. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. Salesforce’s revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.58 earnings per share. 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 analysts expect that Salesforce Inc. will post 10.27 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Thursday, June 11th. Salesforce’s dividend payout ratio (DPR) is presently 20.37%.

Wall Street Analyst Weigh In

CRM has been the topic of a number of recent analyst reports. Wolfe Research lowered shares of Salesforce from an “outperform” rating to a “hold” rating in a research report on Wednesday, July 1st. B. Riley Financial lifted their target price on shares of Salesforce from $205.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Raymond James Financial reissued a “strong-buy” rating on shares of Salesforce in a report on Tuesday, July 21st. Jefferies Financial Group upgraded Salesforce from a “buy” rating to a “buy” rating in a research report on Wednesday, July 1st. Finally, Daiwa Securities Group dropped their price target on Salesforce from $295.00 to $280.00 and set a “buy” rating for the company in a report on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, sixteen have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $249.51.

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.