James Arthur Fairweather Sells 130,000 Shares of Pitney Bowes Inc. (NYSE:PBI) Stock

Pitney Bowes Inc. (NYSE:PBI) EVP James Arthur Fairweather sold 130,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $10.83, for a total transaction of $1,407,900.00. Following the completion of the sale, the executive vice president now owns 176,145 shares in the company, valued at $1,907,650.35. This represents a 42.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Pitney Bowes Trading Down 0.9 %

Shares of Pitney Bowes stock traded down $0.10 during trading on Thursday, hitting $10.77. The stock had a trading volume of 2,260,703 shares, compared to its average volume of 2,585,660. Pitney Bowes Inc. has a 12 month low of $3.76 and a 12 month high of $11.01. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of -9.61, a P/E/G ratio of 0.59 and a beta of 2.01. The business’s 50-day moving average is $8.40 and its 200 day moving average is $7.67.

Pitney Bowes (NYSE:PBI) last posted its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.16. Pitney Bowes had a negative net margin of 7.71% and a negative return on equity of 20.95%. As a group, equities analysts expect that Pitney Bowes Inc. will post 1.21 EPS for the current year.

Pitney Bowes Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 21st will be issued a $0.06 dividend. This is a boost from Pitney Bowes’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Friday, February 21st. Pitney Bowes’s dividend payout ratio is presently -21.43%.

Hedge Funds Weigh In On Pitney Bowes

Several institutional investors have recently modified their holdings of PBI. Mackenzie Financial Corp lifted its position in Pitney Bowes by 495.7% in the 4th quarter. Mackenzie Financial Corp now owns 67,558 shares of the technology company’s stock worth $489,000 after buying an additional 56,217 shares during the last quarter. PharVision Advisers LLC bought a new stake in shares of Pitney Bowes in the 4th quarter worth approximately $107,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Pitney Bowes by 7.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 398,051 shares of the technology company’s stock valued at $2,882,000 after purchasing an additional 27,629 shares in the last quarter. Two Sigma Investments LP boosted its stake in shares of Pitney Bowes by 1.2% in the 4th quarter. Two Sigma Investments LP now owns 807,414 shares of the technology company’s stock valued at $5,846,000 after purchasing an additional 9,471 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of Pitney Bowes by 46.1% in the 4th quarter. ProShare Advisors LLC now owns 48,813 shares of the technology company’s stock valued at $353,000 after purchasing an additional 15,399 shares in the last quarter. 67.88% of the stock is currently owned by institutional investors.

About Pitney Bowes

Pitney Bowes Inc, a shipping and mailing company, provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, retailers, and government clients in the United States and internationally. It operates through Global Ecommerce, Presort Services, and SendTech Solutions segments.