Capital Management Corp VA Has $18.53 Million Position in Pitney Bowes Inc. (NYSE:PBI)

Capital Management Corp VA lowered its stake in shares of Pitney Bowes Inc. (NYSE:PBI - Free Report) by 7.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,210,320 shares of the technology company's stock after selling 329,105 shares during the period. Pitney Bowes comprises 3.6% of Capital Management Corp VA's investment portfolio, making the stock its 7th biggest position. Capital Management Corp VA owned about 2.39% of Pitney Bowes worth $18,525,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Pitney Bowes by 1.7% during the first quarter. Vanguard Group Inc. now owns 19,956,333 shares of the technology company's stock worth $103,773,000 after purchasing an additional 335,612 shares in the last quarter. BlackRock Inc. grew its stake in Pitney Bowes by 1.7% during the 3rd quarter. BlackRock Inc. now owns 17,123,358 shares of the technology company's stock valued at $39,897,000 after acquiring an additional 285,776 shares in the last quarter. State Street Corp grew its stake in Pitney Bowes by 2.1% during the 2nd quarter. State Street Corp now owns 6,410,485 shares of the technology company's stock valued at $23,206,000 after acquiring an additional 130,138 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Pitney Bowes by 40.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 5,986,689 shares of the technology company's stock valued at $21,672,000 after acquiring an additional 1,711,020 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Pitney Bowes by 0.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,428,686 shares of the technology company's stock valued at $17,228,000 after acquiring an additional 36,437 shares in the last quarter. Hedge funds and other institutional investors own 67.88% of the company's stock.

Pitney Bowes Price Performance

NYSE PBI traded down $0.04 during trading hours on Friday, hitting $3.99. 1,016,283 shares of the company's stock traded hands, compared to its average volume of 1,164,859. The company has a market capitalization of $708.90 million, a PE ratio of -1.82, a PEG ratio of 26.87 and a beta of 2.16. The firm's 50-day moving average is $4.09 and its 200-day moving average is $4.02. Pitney Bowes Inc. has a 52-week low of $2.80 and a 52-week high of $4.58.

Pitney Bowes (NYSE:PBI - Get Free Report) last posted its earnings results on Thursday, February 1st. The technology company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.05. The company had revenue of $871.58 million for the quarter, compared to analyst estimates of $849.85 million. Pitney Bowes had a negative net margin of 11.81% and a negative return on equity of 4.75%. Pitney Bowes's revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 EPS. Equities research analysts predict that Pitney Bowes Inc. will post 0.01 earnings per share for the current fiscal year.

Pitney Bowes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Friday, February 9th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.20 annualized dividend and a yield of 5.01%. Pitney Bowes's payout ratio is -9.13%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Pitney Bowes from a "buy" rating to a "hold" rating in a research note on Monday, February 5th.

Pitney Bowes Profile

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.