5 Best Stocks To Buy Right Now

4. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 166

Visa Inc. is a leading provider of payment solutions, with products that are used by consumers, businesses, and governments around the world. The stock is trading at a PE multiple of 28x and is offering a forward dividend yield of 0.79%, as of October 25. Visa Inc. (NYSE:V) has a trailing twelve-month operating margin of 67.48% and free cash flows of $16 billion.

This October, Jefferies analyst Trevor Williams revised his price target on Visa Inc. (NYSE:V) to $220 from $250 and maintained a Buy rating on the shares. On October 13, Deutsche Bank analyst Bryan Keane adjusted his price target on Visa Inc. (NYSE:V) to $260 from $270 and reiterated a Buy rating on the shares.

At the close of Q2 2022, 166 hedge funds were long Visa Inc. (NYSE:V) and held stakes worth $24 billion in the company. This is compared to 159 positions in the previous quarter with stakes of $28 billion.

As of June 30, TCI Fund Management is the top shareholder in Visa Inc. (NYSE:V) and has stakes worth $3.92 billion in the company.

Here is what Wedgewood Partners had to say about Visa Inc. (NYSE:V) in its third-quarter 2022 investor letter:

“Visa Inc. (NYSE:V) continues to report strong double-digit growth in payment volumes throughout the first two months of the calendar third quarter. The stock suffered after concerns about potential adverse legislation related to its credit card routing practices began to surface. Similar legislation related to the Company’s debit routing practices was passed into law back in 2010. Not unlike the previous legislation, the Company’s value proposition to merchants, consumers and bank-issuing customers and acquirers is robust enough to help blunt the potential effects the legislation might have in the near term. Over a multiyear time horizon, it would be quite difficult for any currently non-existent or even sub-scale credit routing network to add the value that Visa (or MasterCard) can already add today.”