Rep. Marjorie Taylor Greene Acquires Home Depot Shares

Representative Marjorie Taylor Greene, who represents Georgia's 14th Congressional District, made a notable investment recently by purchasing shares of The Home Depot, Inc. (NYSE: HD). On October 22nd, she disclosed via a filing that the purchase took place on October 21st and was valued between $1,001 and $15,000.

Recent Trading Activities

In addition to her investment in Home Depot, Representative Greene also engaged in several other trades on the same day. These included investments in:

• Caterpillar (NYSE: CAT) for between $1,001 and $15,000.
• Visa (NYSE: V) within the same range.
• Berkshire Hathaway (NYSE: BRK.B) also between $1,001 and $15,000.
• Tesla (NASDAQ: TSLA) for the same investment amount.
• ASML (NASDAQ: ASML) for between $1,001 and $15,000.
• Nestlé (OTCMKTS: NSRGY) within the same price range.
• Intel (NASDAQ: INTC) for the same investment amount.
• Microsoft (NASDAQ: MSFT) between $1,001 and $15,000.
• Blackstone (NYSE: BX) also in the same range.
• Costco Wholesale (NASDAQ: COST) for an investment between $1,001 and $15,000 on October 4th.

Stock Performance Overview

On the day following her purchase, Home Depot's stock saw a slight decline of 0.3%, dropping $1.36 to a trading price of $400.49. During this period, 879,976 shares were traded, significantly lower than its average trading volume of 3,363,190 shares. The current market capitalization of Home Depot stands at approximately $397.13 billion, with a price-to-earnings (P/E) ratio of 26.91 and a P/E growth (P/E/G) ratio of 2.88.

Home Depot's stock has seen a fluctuation over the past year with a 52-week low of $274.26 and a high of $421.56.

Earnings and Dividends

The latest quarterly earnings report from Home Depot was released on August 13th. The company reported earnings per share (EPS) of $4.67, surpassing analysts' expectations, which were set at $4.59. The revenue for the quarter was $43.18 billion, higher than the estimated $42.57 billion. The year-over-year revenue growth was modest at 0.6%, indicating a steady performance from the previous year.

Additionally, Home Depot declared a quarterly dividend, which was paid on September 12th. Shareholders who were recorded as of August 29th received a dividend of $2.25, equating to an annual yield of 2.25%. The company maintains a dividend payout ratio of 60.36%.

Analyst Perspectives

Home Depot's stock has received various ratings from financial analysts. Guggenheim has raised its price target from $390.00 to $450.00 and rated it as a "buy." Other firms have adjusted their price targets, with JPMorgan providing an update that raised their target to $400.00. The consensus rating across multiple analysts is classified as a "Moderate Buy," with the average price target set at around $410.67.

Investment Trends

Institutional investors have shown considerable interest in Home Depot recently, with many acquiring new stakes in the company. Some of these investors include Fairway Wealth LLC, Kings Path Partners, and Livelsberger Financial Advisory, indicating a healthy appetite for shares of the retail giant.

About Rep. Marjorie Taylor Greene

Since assuming office on January 3, 2021, Representative Greene has been actively involved in her congressional duties and is seeking re-election for the upcoming term. Her background includes a degree in business administration from the University of Georgia, along with entrepreneurial ventures in construction and fitness.

Company Profile: The Home Depot, Inc.

Home Depot operates as a leading home improvement retailer in the U.S. and internationally. Their offerings range from building materials and home improvement products to lawn and garden supplies and installation services.

Greene, HomeDepot, Stock