Pitney Bowes Inc. (NYSE:PBI) Stock Holdings Lowered by Strs Ohio

Strs Ohio lowered its position in shares of Pitney Bowes Inc. (NYSE:PBIGet Rating) by 77.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 26,200 shares of the technology company’s stock after selling 88,800 shares during the period. Strs Ohio’s holdings in Pitney Bowes were worth $61,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of PBI. Delphia USA Inc. grew its position in Pitney Bowes by 15.6% in the 1st quarter. Delphia USA Inc. now owns 17,388 shares of the technology company’s stock valued at $90,000 after buying an additional 2,346 shares in the last quarter. Equitable Trust Co. grew its position in Pitney Bowes by 16.3% in the 2nd quarter. Equitable Trust Co. now owns 19,971 shares of the technology company’s stock valued at $72,000 after buying an additional 2,803 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in shares of Pitney Bowes by 14.8% during the 2nd quarter. Mutual of America Capital Management LLC now owns 27,381 shares of the technology company’s stock valued at $99,000 after purchasing an additional 3,533 shares in the last quarter. Prism Advisors Inc. boosted its position in shares of Pitney Bowes by 20.2% during the 3rd quarter. Prism Advisors Inc. now owns 29,778 shares of the technology company’s stock valued at $69,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Cetera Advisor Networks LLC boosted its position in shares of Pitney Bowes by 15.4% during the 1st quarter. Cetera Advisor Networks LLC now owns 42,161 shares of the technology company’s stock valued at $219,000 after purchasing an additional 5,611 shares in the last quarter. Institutional investors own 72.13% of the company’s stock.

Pitney Bowes Stock Performance

NYSE:PBI opened at $4.30 on Monday. The company has a current ratio of 1.07, a quick ratio of 1.01 and a debt-to-equity ratio of 49.71. Pitney Bowes Inc. has a twelve month low of $2.30 and a twelve month high of $6.17. The firm has a market cap of $748.22 million, a price-to-earnings ratio of 23.89 and a beta of 2.27. The company has a 50-day moving average of $3.97 and a 200-day moving average of $3.40.

Pitney Bowes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 6th. Shareholders of record on Tuesday, November 15th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date was Monday, November 14th. Pitney Bowes’s dividend payout ratio is presently 111.12%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Pitney Bowes from a “buy” rating to a “hold” rating in a research report on Friday, October 7th.

Pitney Bowes Profile

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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, Canada, and internationally. It operates through Global Ecommerce, Presort Services, and SendTech Solutions segments.

See Also

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Institutional Ownership by Quarter for Pitney Bowes (NYSE:PBI)

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