5 Best Long-Term Stocks To Buy According To Warren Buffett

1. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 171

Visa Inc. (NYSE:V) is a multinational financial services corporation headquartered in San Francisco, California. It specializes in facilitating electronic funds transfers worldwide, mainly through Visa-branded credit cards, debit cards, and prepaid cards. As one of the most valuable companies globally, it currently offers a quarterly dividend of $0.45 per share, resulting in a dividend yield of 0.78% as of October 26.

According to Insider Monkey’s data as of the end of the second quarter of 2023, a total of 171 hedge funds held positions in Visa Inc. (NYSE:V), a slight decrease from the 173 in the previous quarter. The combined value of these stakes exceeds $24.9 billion. At the close of Q2 2023, Berkshire Hathaway owned roughly 8.3 million shares in Visa Inc. (NYSE:V), worth nearly $2 billion. The company accounted for 0.56% of the firm’s 13F portfolio.

Baron FinTech Fund made the following comment about Visa Inc. (NYSE:V) in its second quarter 2023 investor letter:

“We modestly trimmed Visa Inc. (NYSE:V), Mastercard Incorporated, and Accenture plc to manage the position sizes and raise capital to fund purchases elsewhere. These stocks remain full-sized positions and high-conviction ideas in the Fund.

Another fintech industry trend we’re seeing is a pickup in M&A activity, most notably in the payments sector. The year started with Nuvei’s $1.3 billion acquisition of Paya announced in January. In April, Network International received an initial takeover offer from a group of private equity firms, which was then topped by Brookfield Asset Management whose $2.8 billion offer was accepted by the Board in June. Following reports earlier this year of a bidding war between Visa Inc. and Mastercard Incorporated to acquire cloud-based issuer processor and core banking software provider Pismo, Visa announced its intention to acquire the Brazilian company for $1 billion in late June.”

You can also take a look at 11 Cheap Chinese Penny Stocks to Buy According to Hedge Funds and 13 Stocks to Buy with Exponential Growth.