Nationwide Fund Advisors decreased its position in shares of Pitney Bowes Inc. (NYSE:PBI) by 0.9% during the second quarter, Holdings Channel reports. The fund owned 304,926 shares of the company’s stock after selling 2,671 shares during the period. Nationwide Fund Advisors owned approximately 0.17% of Pitney Bowes worth $5,428,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Pitney Bowes during the fourth quarter worth $40,257,000. Chevy Chase Trust Holdings Inc. increased its stake in shares of Pitney Bowes by 1.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 162,136 shares of the company’s stock worth $3,493,000 after buying an additional 2,443 shares during the last quarter. Exxonmobil Investment Management Inc. TX increased its stake in shares of Pitney Bowes by 5.6% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 46,640 shares of the company’s stock worth $1,005,000 after buying an additional 2,473 shares during the last quarter. Glenmede Trust Co. NA increased its stake in shares of Pitney Bowes by 10.9% in the first quarter. Glenmede Trust Co. NA now owns 146,036 shares of the company’s stock worth $3,144,000 after buying an additional 14,393 shares during the last quarter. Finally, Commonwealth Equity Services Inc increased its stake in shares of Pitney Bowes by 1.3% in the first quarter. Commonwealth Equity Services Inc now owns 20,180 shares of the company’s stock worth $435,000 after buying an additional 268 shares during the last quarter. 82.13% of the stock is currently owned by institutional investors.
Shares of Pitney Bowes Inc. (NYSE:PBI) traded up 0.28% during midday trading on Thursday, reaching $18.00. The company’s stock had a trading volume of 427,917 shares. Pitney Bowes Inc. has a 12-month low of $16.24 and a 12-month high of $21.81. The stock’s 50-day moving average price is $18.26 and its 200-day moving average price is $19.02. The company has a market cap of $3.34 billion, a P/E ratio of 12.22 and a beta of 1.32.
Pitney Bowes (NYSE:PBI) last posted its earnings results on Tuesday, August 2nd. The company reported $0.39 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.39. Pitney Bowes had a return on equity of 254.58% and a net margin of 8.63%. The company had revenue of $836 million for the quarter, compared to the consensus estimate of $852.46 million. During the same quarter in the previous year, the business earned $0.45 earnings per share. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, analysts expect that Pitney Bowes Inc. will post $1.76 EPS for the current fiscal year.
The firm also recently announced 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 was Thursday, August 18th. This represents a $0.75 dividend on an annualized basis and a yield of 4.18%. Pitney Bowes’s dividend payout ratio is currently 51.37%.
Separately, Zacks Investment Research raised Pitney Bowes from a “sell” rating to a “hold” rating in a research report on Thursday, June 2nd.
About Pitney Bowes
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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