5 Best Dow Stocks To Buy Right Now

2. Visa Inc (NYSE:V)

Number of Hedge Fund Holders: 177

Visa Inc (NYSE:V) is a payments technology company. Visa processed over half of U.S. credit card network purchases in 2021 and has raised its dividend payout by 114% over the past five years.

Visa Inc (NYSE:V) had a positive update on its performance in February, with strong U.S. payment volumes and improved cross-border volumes, according to Jefferies analyst Trevor Williams. The analyst predicts at least a 3% increase in international transaction fees and data processing for the quarter. Jefferies maintained a ‘Buy’ rating on Visa Inc (NYSE:V) with a $260 price target on March 3.

As of the fourth quarter of 2022, 177 hedge funds in Insider Monkey’s database held stakes in Visa Inc (NYSE:V). Chris Hohn’s TCI Fund Management is the most notable shareholder in the company, with 19.94 million shares valued at $4.14 billion.

In its Q4 2022 investor letter Vulcan Value Partners commented on Visa Inc. (NYSE:V). Here‘s what the company has to say:

“Mastercard and Visa Inc. (NYSE:V) both delivered strong top and bottom-line results during the quarter. MasterCard grew its revenues and operating profits approximately 23% and 27% respectively. Visa grew its revenues and operating profits approximately 19% and 19% respectively. Both companies also produced strong free cash flow.”

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