5 Best Dividend Stocks To Buy and Hold

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1. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 165

Dividend Yield as of January 17: 0.81%

Visa Inc. (NYSE:V), an American fintech and payments processing company, is one of the best dividend stocks to invest in. Visa Inc. (NYSE:V) has exhibited consecutive quarterly dividend growth for the last 14 years. 

On January 5, Wolfe Research analyst Darrin Peller raised the price target on Visa Inc. (NYSE:V) to $255 from $240 and kept an Outperform rating on the shares. In the backdrop of higher interest rates and an impending recession, “our criteria for recommending names has increased considerably,” the analyst told investors in a research note. The analyst continues to approach his coverage as a barbell, with select picks across growth, core/GARP, and value. 

According to Insider Monkey’s Q3 data, 165 hedge funds were bullish on Visa Inc. (NYSE:V), compared to 166 funds in the prior quarter. Chris Hohn’s TCI Fund Management is the largest position holder in the company, with nearly 20 million shares worth $3.5 billion. 

Baron Funds made the following comment about Visa Inc. (NYSE:V) in its Q3 2022 investor letter:

“Shares of global payment network Visa Inc. (NYSE:V) fell despite reporting financial results that beat Street forecasts and sustained volume growth in recent months. Revenue grew 19% and EPS grew 33% in the most recent quarter, and double-digit payment volume growth persisted through August. Share price weakness represented a reversal of outperformance earlier this year and may be due to foreign exchange headwinds and concerns about a potential weakening of consumer spending. We continue to own the stock due to Visa’s long runway for growth and significant competitive advantages.”

Follow Visa Inc. (NYSE:V)

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