5 Best Large Cap Dividend Stocks to Buy According to Hedge Funds

2. Visa Inc. (NYSE: V)

Number of Hedge Fund Holders: 164
Dividend Yield: 0.5%

Visa Inc. (NYSE: V) is a payments technology company operating across the globe to aid digital payments through platforms like VisaNet. The company ranks 2nd on our list of the best large cap dividend stocks to buy according to hedge funds.

This July, Evercore ISI analyst David Togut also added Visa Inc. (NYSE: V) to the firm’s Tactical Outperform List and to his own 2021 Top Payments Picks List. Togut and Evercore ISI also have an Outperform rating on Visa Inc. (NYSE: V) shares alongside a $286 price target.

In the fiscal second quarter of 2021, Visa Inc. (NYSE: V) had an EPS of $1.38, beating estimates by $0.11. The company’s revenue was $5.73 billion, also beating estimates by $175.03 million. Visa Inc. (NYSE: V) has gained about 18.31% in the past 6 months and 11.45% year to date as well.

By the end of the first quarter of 2021, 164 hedge funds out of the 866 tracked by Insider Monkey held stakes in Visa Inc. (NYSE: V) worth roughly $26.5 billion. This is compared to 166 hedge funds in the previous quarter with stakes worth approximately $23.5 billion.