5 Best Blue Chip Stocks To Buy According to Hedge Funds

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In this article, we will take a look at the 5 best blue chip stocks to buy according to hedge funds. To see more such companies, go directly to 15 Best Blue Chip Stocks To Buy According to Hedge Funds.

5. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 173

In April, payments giant Visa Inc. (NYSE:V) posted fiscal second quarter results, which beat analyst estimates for both earnings and revenue. Adjusted EPS in the period came  in at $2.09, beating the consensus estimate of $1.99. Revenue in the quarter came in at $7.99 billion, versus the consensus estimate of $7.79 billion.

Hedge funds love Visa Inc. (NYSE:V) for both dividends and share price gains. Visa Inc. (NYSE:V) is up about 7% year to date through May 26. Legendary billionaire Warren Buffett has a $1.9 billion stake in the company. Overall, 173 hedge funds tracked by Insider Monkey have stakes in Visa Inc. (NYSE:V) as of the end of the first quarter.

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