Pitney Bowes Inc. (NYSE:PBI – Get Free Report) CEO Kurt James Wolf sold 316,280 shares of the stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $17.10, for a total transaction of $5,408,388.00. Following the sale, the chief executive officer owned 217,930 shares in the company, valued at approximately $3,726,603. The trade was a 59.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Kurt James Wolf also recently made the following trade(s):
- On Monday, July 6th, Kurt James Wolf sold 55,861 shares of Pitney Bowes stock. The stock was sold at an average price of $16.91, for a total transaction of $944,609.51.
- On Thursday, July 2nd, Kurt James Wolf sold 150,000 shares of Pitney Bowes stock. The shares were sold at an average price of $16.83, for a total value of $2,524,500.00.
- On Friday, June 12th, Kurt James Wolf sold 322,829 shares of Pitney Bowes stock. The shares were sold at an average price of $17.40, for a total value of $5,617,224.60.
- On Thursday, June 11th, Kurt James Wolf sold 210,871 shares of Pitney Bowes stock. The stock was sold at an average price of $17.02, for a total value of $3,589,024.42.
- On Wednesday, June 10th, Kurt James Wolf sold 281,117 shares of Pitney Bowes stock. The stock was sold at an average price of $16.93, for a total value of $4,759,310.81.
- On Friday, May 22nd, Kurt James Wolf sold 40,476 shares of Pitney Bowes stock. The shares were sold at an average price of $15.62, for a total value of $632,235.12.
- On Friday, May 8th, Kurt James Wolf sold 389,161 shares of Pitney Bowes stock. The shares were sold at an average price of $15.69, for a total value of $6,105,936.09.
- On Thursday, May 7th, Kurt James Wolf sold 597,224 shares of Pitney Bowes stock. The stock was sold at an average price of $15.59, for a total value of $9,310,722.16.
- On Wednesday, May 6th, Kurt James Wolf sold 966,561 shares of Pitney Bowes stock. The stock was sold at an average price of $14.58, for a total value of $14,092,459.38.
Pitney Bowes Stock Up 1.7%
PBI traded up $0.28 during midday trading on Tuesday, hitting $17.09. 2,488,254 shares of the company traded hands, compared to its average volume of 2,919,349. The firm has a market capitalization of $2.31 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 0.75 and a beta of 1.62. The company’s 50-day moving average is $16.41 and its 200 day moving average is $12.79. Pitney Bowes Inc. has a 52 week low of $8.95 and a 52 week high of $18.25.
Pitney Bowes Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Monday, May 18th were paid a dividend of $0.01 per share. The ex-dividend date was Monday, May 18th. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. Pitney Bowes’s payout ratio is currently 38.83%.
Institutional Investors Weigh In On Pitney Bowes
Several hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its position in shares of Pitney Bowes by 41.3% during the second quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company’s stock worth $38,000 after purchasing an additional 1,015 shares in the last quarter. Advisory Services Network LLC boosted its stake in Pitney Bowes by 2.4% in the 3rd quarter. Advisory Services Network LLC now owns 52,975 shares of the technology company’s stock worth $604,000 after purchasing an additional 1,234 shares during the period. Baird Financial Group Inc. grew its holdings in Pitney Bowes by 12.5% during the 2nd quarter. Baird Financial Group Inc. now owns 13,164 shares of the technology company’s stock valued at $144,000 after buying an additional 1,459 shares in the last quarter. HB Wealth Management LLC grew its holdings in Pitney Bowes by 3.0% during the 1st quarter. HB Wealth Management LLC now owns 62,446 shares of the technology company’s stock valued at $690,000 after buying an additional 1,807 shares in the last quarter. Finally, Creative Planning lifted its holdings in shares of Pitney Bowes by 13.5% in the third quarter. Creative Planning now owns 18,402 shares of the technology company’s stock worth $210,000 after buying an additional 2,188 shares in the last quarter. 67.88% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on PBI shares. Citizens Jmp raised their price target on Pitney Bowes from $17.00 to $19.00 and gave the stock a “market outperform” rating in a research note on Friday, June 5th. Wall Street Zen raised Pitney Bowes from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 25th. Citigroup reissued a “market outperform” rating on shares of Pitney Bowes in a research report on Tuesday, June 16th. Bank of America upgraded Pitney Bowes from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $9.50 to $16.50 in a research note on Monday, May 11th. Finally, Weiss Ratings raised shares of Pitney Bowes from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.43.
View Our Latest Stock Analysis on PBI
Pitney Bowes Company Profile
Pitney Bowes Inc (NYSE: PBI) is an American technology company that specializes in shipping, mailing, and e-commerce solutions. Founded in 1920 by Walter Bowes and Arthur Pitney, the company pioneered postage meter technology and has since evolved to offer a broad portfolio of hardware, software, and services designed to streamline physical and digital communications. Headquartered in Stamford, Connecticut, Pitney Bowes leverages a century of expertise to serve enterprises, small businesses, and government agencies around the globe.
The company’s core offerings span mailing and shipping equipment, including postage meters, folder inserters, and address verification systems, alongside integrated software platforms for customer information management, data analytics, and location intelligence.
Further Reading
- Five stocks we like better than Pitney Bowes
- Apple and Broadcom Forge a Decade-Long Silicon Fortress
- SK Hynix’s Nasdaq Listing Could Reset the AI Memory Trade
- The AI Chip Sell-Off Looks Scary, But the Real Story May Be Liquidity
- Palantir’s CEO Just Called Out OpenAI and Anthropic
Receive News & Ratings for Pitney Bowes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pitney Bowes and related companies with MarketBeat.com's FREE daily email newsletter.
