MU Investments Co. Ltd. reduced its stake in shares of Pitney Bowes Inc. (NYSE:PBI) by 43.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,100 shares of the company’s stock after selling 4,700 shares during the period. MU Investments Co. Ltd.’s holdings in Pitney Bowes were worth $107,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of PBI. Norges Bank purchased a new stake in Pitney Bowes during the fourth quarter valued at approximately $40,257,000. Americafirst Capital Management LLC purchased a new stake in Pitney Bowes during the second quarter valued at approximately $111,000. UBS Group AG raised its stake in Pitney Bowes by 11.8% in the first quarter. UBS Group AG now owns 112,438 shares of the company’s stock valued at $2,422,000 after buying an additional 11,900 shares during the period. BlackRock Group LTD raised its stake in Pitney Bowes by 4.0% in the first quarter. BlackRock Group LTD now owns 892,998 shares of the company’s stock valued at $19,236,000 after buying an additional 34,667 shares during the period. Finally, OMERS ADMINISTRATION Corp purchased a new stake in Pitney Bowes during the first quarter valued at approximately $2,120,000. Hedge funds and other institutional investors own 82.13% of the company’s stock.
Pitney Bowes Inc. (NYSE:PBI) traded up 1.00% during midday trading on Friday, reaching $18.16. 1,186,757 shares of the company’s stock traded hands. The firm’s 50-day moving average is $18.24 and its 200 day moving average is $19.00. The firm has a market cap of $3.37 billion, a PE ratio of 12.33 and a beta of 1.32. Pitney Bowes Inc. has a 52-week low of $16.24 and a 52-week high of $21.81.
Pitney Bowes (NYSE:PBI) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.39 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.39. The business earned $836 million during the quarter, compared to analyst estimates of $852.46 million. Pitney Bowes had a net margin of 8.63% and a return on equity of 254.58%. The company’s revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 earnings per share. Equities research analysts expect that Pitney Bowes Inc. will post $1.76 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Monday, August 22nd were given a $0.1875 dividend. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.13%. Pitney Bowes’s payout ratio is currently 51.37%.
Separately, Zacks Investment Research upgraded shares of Pitney Bowes from a “sell” rating to a “hold” rating in a research note on Friday, July 1st.
Pitney Bowes Company Profile
Pitney Bowes Inc is a global technology company. The Company offers customer information management, location intelligence, and customer engagement products and solutions to help clients market to their customers, and shipping and mailing, and cross border e-commerce products and solutions that enable the sending of parcels and packages across the globe.
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