Westwood Wealth Management Invests $846,000 in Salesforce Inc. $CRM

Westwood Wealth Management acquired a new position in shares of Salesforce Inc. (NYSE:CRM) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,152 shares of the CRM provider’s stock, valued at approximately $846,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bernard Wealth Management Corp. bought a new stake in Salesforce in the fourth quarter valued at about $25,000. Accredited Wealth Management LLC bought a new stake in Salesforce in the fourth quarter valued at about $27,000. Wood Tarver Financial Group LLC bought a new stake in Salesforce in the fourth quarter valued at about $35,000. Capital A Wealth Management LLC increased its stake in Salesforce by 450.0% in the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after acquiring an additional 90 shares during the period. Finally, CBIZ Investment Advisory Services LLC increased its stake in Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after acquiring an additional 85 shares during the period. Institutional investors own 80.43% of the company’s stock.

Salesforce Stock Performance

Shares of Salesforce stock opened at $248.0150 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $237.10 billion, a P/E ratio of 38.81, a P/E/G ratio of 2.23 and a beta of 1.37. The firm has a 50 day simple moving average of $258.37 and a 200 day simple moving average of $272.44. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, May 28th. The CRM provider reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.03. The business had revenue of $9.83 billion during the quarter, compared to analyst estimates of $9.74 billion. Salesforce had a net margin of 16.08% and a return on equity of 12.94%. Salesforce’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.44 earnings per share. Salesforce has set its FY 2026 guidance at 11.270-11.330 EPS. Q2 2026 guidance at 2.760-2.780 EPS. Sell-side analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were issued a $0.416 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. Salesforce’s dividend payout ratio (DPR) is currently 25.98%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Erste Group Bank cut shares of Salesforce from a “buy” rating to a “hold” rating in a research note on Thursday, June 5th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $275.00 target price on shares of Salesforce in a research note on Monday, August 18th. Citigroup lowered their target price on shares of Salesforce from $320.00 to $295.00 and set a “neutral” rating on the stock in a research note on Friday, May 30th. BMO Capital Markets lowered their target price on shares of Salesforce from $350.00 to $335.00 and set an “outperform” rating on the stock in a research note on Thursday, July 10th. Finally, Canaccord Genuity Group decreased their price objective on shares of Salesforce from $400.00 to $350.00 and set a “buy” rating on the stock in a research note on Wednesday, May 28th. Four research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $342.89.

Insider Buying and Selling at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $246.07, for a total value of $553,657.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $2,931,080,275.97. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 52,577 shares of company stock valued at $13,528,188 over the last three months. Company insiders own 3.00% of the company’s stock.

About Salesforce

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.