5 Best Penny Stocks to Buy Now

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1. Pitney Bowes Inc. (NYSE:PBI)

Number of Hedge Fund Holders: 20

Pitney Bowes Inc. (NYSE:PBI) is a Stamford, Connecticut-based mailing and shipping company that has the distinction of providing its services to 90% of the Fortune 500 companies.

The company known for its postage meters globally is taking its business to the next level by bringing autonomous trucks for e-commerce shipments in the Dallas, Texas, area from Q1 2023 onwards. This move is being made to save labor costs in the long run. During the initial execution phase, a safety operator will be present inside the autonomous truck. Furthermore, Pitney Bowes Inc. (NYSE:PBI) provides a stellar forward dividend yield of 7.12% as of September 7.

Of the 895 hedge funds in Insider Monkey’s database, 20 funds held a stake in Pitney Bowes Inc. (NYSE:PBI) as of Q2 2022.

You can also take a peek at Best Robotics Stocks To Invest In and Best Cheap Dividend Kings To Buy.

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