5 Best Stocks In Each Sector

4. Visa Inc. (NYSE:V)

Market Sector: Financial Services

Number of Hedge Fund Holders: 167

Visa Inc. (NYSE:V) is the world’s biggest payment processing company that offers electronic funds transfer through its branded credit cards, debit cards, and prepaid cards.

On October 30, Mizuho increased the price target to $243 from $240 on Visa Inc. (NYSE:V)’s stock while keeping a Neutral rating. The firm mentioned that there was a decline in the company’s US volume growth as a percent of incremental personal consumption expenditures.

On October 24, Visa Inc. (NYSE:V) raised its quarterly dividend by 15.6% to $0.52. The dividend yield of the company was 0.825% on November 22.

Ensemble Capital Management mentioned Visa Inc. (NYSE:V) in its third quarter 2023 investor letter. Here is what it said:

“Mastercard is a company that pretty much everyone has heard of. In fact, when we meet with Ensemble’s clients, we occasionally tell them that we’re nearly certain that they are carrying a Mastercard in their wallet or purse as we speak, and if not, they are carrying a Visa Inc. (NYSE:V). Most people carry both.

People carry Mastercard and Visa because they are accepted nearly everywhere in developed markets. And they are accepted in most emerging economies, at least at locations where higher income people spend money. As a shopper you can show up at a bodega in Peru, a high end hotel in Tokyo, a truck stop in Alabama, or an ice cream cart in Milan, show them a piece of plastic and they’ll let you walk away with goods and services without any worry that they aren’t going to get paid…” (Click here to read the full text)