5 Best Long-Term Stocks To Buy Now

1. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 162 

Visa Inc. (NYSE:V) is another payments stock with several long-term growth catalysts. It is the most famous payments stock among hedge funds. JPMorgan and Morgan Stanley are both bullish on the stock despite recent reports of a government probe into the dealing of the firm with other payments companies like Square AND PayPal. The firm recently hiked the quarterly dividend by 17% to $0.375 per share. 

Visa Inc. (NYSE:V) recently posted earnings for the fourth fiscal quarter, reporting earnings per share of $1.62, beating estimates by $0.08. The revenue over the period was $6.5 billion, up 28% year-on-year. 

At the end of the second quarter of 2021, 162 hedge funds in the database of Insider Monkey held stakes worth $27 billion in Visa Inc. (NYSE:V), down from 164 in the preceding quarter worth $26 billion. 

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Visa Inc. (NYSE:V) was one of them. Here is what the fund said:

“To make room for these new names with more attractive outlooks related to the reopening, we sold out of companies where the thesis is not playing out at the pace we expected including Visa.”

You can also take a peek at 10 Stocks Reddit’s WallStreetBets is Buying in July 2021 and Top Robinhood Stocks Popular on Reddit.

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