5 Dividend Stocks to Buy According to Billionaire Ken Fisher

Page 5 of 5

1. The Home Depot, Inc. (NYSE:HD)

Fisher Asset Management’s Stake Value: $2,617,777,000

Percentage of Fisher Asset Management’s 13F Portfolio: 1.76%

Dividend Yield as of February 6: 2.32%

The Home Depot, Inc. (NYSE:HD) is among the top ten holdings of Ken Fisher’s Fisher Asset Management. As of December 31, 2022, the fund owns over 8.28 million shares of The Home Depot, Inc. (NYSE:HD), which amounts to a stake of $2.61 billion. The investment covers 1.76% of Ken Fisher’s 13F portfolio.

As of December 13, Cowen analyst Max Rakhlenko has a $379 price target and an Outperform rating on The Home Depot, Inc. (NYSE:HD).

The Home Depot, Inc. (NYSE:HD) is a cash behemoth. According to the company’s balance sheet, The Home Depot, Inc. (NYSE:HD) has free cash flows of $10.16 billion. The stock is one of Ken Fisher’s best dividend stocks to buy and, as of February 6, is offering a forward dividend yield of 2.32%.

Follow Home Depot Inc. (NYSE:HD)

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily enewsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a look at 10 Best January Dividend Stocks To Buy and 13 Best Value Dividend Stocks to Buy.

Page 5 of 5