5 Best Penny Stocks to Invest $100

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1. Pitney Bowes Inc. (NYSE:PBI)

Stock Price as of August 16: $3.44

Number of Hedge Fund Holders: 20

Pitney Bowes Inc. (NYSE:PBI) is a Stamford, Connecticut-based mailing and shipping company that provides financial services, logistics, and technology to more than 90% of the Fortune 500 companies.

The company has the distinction of being a certified “work-share partner” for the United States Postal Service (USPS) and aids the government agency in sorting and processing over 15 billion mail annually. Pitney Bowes Inc. (NYSE:PBI) also provides e-commerce solutions and offers an attractive forward dividend yield of 5.8% as of August 16. Experts believe that despite the economic uncertainty, the company’s 5.8% dividend yield is well secured due to the solid cash flows.

Pitney Bowes Inc. (NYSE:PBI) stock is currently trading at a forward P/E multiple of 7.4 times. Experts believe that the stock should trade at a forward multiple of at least 10x, keeping in view the company’s growth potential.

You can also take a peek at the 10 Stocks That Billionaire Rob Citrone Is Selling and 9 Tech Stocks that Cathie Wood is Giving Up On.

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