Rep. Marjorie Taylor Greene Purchases Shares of The Home Depot, Inc. (NYSE:HD)

Representative Marjorie Taylor Greene (R-Georgia) has recently invested in shares of The Home Depot, Inc. (NYSE: HD). According to a filing revealed on October 22nd, Representative Greene disclosed her purchase of Home Depot stock, which was between $1,001 and $15,000, executed on October 21st.

Additional Stock Purchases

Alongside her investment in Home Depot, Representative Greene made several other stock transactions on the same day, including:

• Purchased between $1,001 - $15,000 in shares of Caterpillar (NYSE: CAT).
• Purchased between $1,001 - $15,000 in shares of Visa (NYSE: V).
• Purchased between $1,001 - $15,000 in shares of Berkshire Hathaway (NYSE: BRK.B).
• Purchased between $1,001 - $15,000 in shares of Tesla (NASDAQ: TSLA).
• Purchased between $1,001 - $15,000 in shares of ASML (NASDAQ: ASML).
• Purchased between $1,001 - $15,000 in shares of Nestlé (OTCMKTS: NSRGY).
• Purchased between $1,001 - $15,000 in shares of Intel (NASDAQ: INTC).
• Purchased between $1,001 - $15,000 in shares of Microsoft (NASDAQ: MSFT).
• Purchased between $1,001 - $15,000 in shares of Blackstone (NYSE: BX).
• Purchased between $1,001 - $15,000 in shares of Costco Wholesale (NASDAQ: COST) on October 4th.

Home Depot Stock Performance

During midday trading, Home Depot's stock price decreased by 0.3%, falling $1.36 to reach $400.49. A total of 879,976 shares were traded, which is lower than its average trading volume of 3,363,190. The company's market capitalization stands at $397.13 billion, with a price-to-earnings (P/E) ratio of 26.91. The stock has experienced a 52-week low of $274.26 and a high of $421.56.

Recent Earnings Results

Home Depot recently reported its quarterly earnings. For the most recent quarter, the company achieved earnings per share (EPS) of $4.67, surpassing the expected estimate of $4.59. The total revenue for this period was $43.18 billion, also exceeding analyst expectations. Home Depot's net margin was 9.71%, and the company reported a year-over-year revenue increase of 0.6%.

Dividend Announcement

The company announced a quarterly dividend recently, which was paid on September 12th. Investors who were on record as of August 29th received a dividend of $2.25. This amounts to an annualized dividend of $9.00, providing a dividend yield of 2.25%.

Analysts Ratings Overview

Several analysts have recently updated their opinions on Home Depot. Guggenheim raised the target price from $390.00 to $450.00 and gave the stock a "buy" rating. Other analysts have set various target prices, with most leaning towards a favorable outlook for Home Depot’s stock performance. Currently, the consensus ranking for the stock is a "Moderate Buy" based on the assessments of multiple analysts.

Institutional Investors Activity

A number of large investors have made changes to their positions in Home Depot. For example, Fairway Wealth LLC, Kings Path Partners LLC, and several other firms have acquired new stakes or increased their existing positions in the company. Institutional ownership in Home Depot stands at approximately 70.86%.

About Representative Greene

Marjorie Taylor Greene represents Georgia's 14th Congressional District in the United States House of Representatives, having been in office since January 3, 2021. She is pursuing re-election for her seat in the upcoming 2024 election. Greene holds a bachelor's degree in business administration and has experience in the construction industry, as well as in owning a fitness center.

Company Profile: The Home Depot

The Home Depot, Inc. is a prominent home improvement retailer, offering a wide array of building materials, lawn and garden products, and various home improvement items. In addition to selling products, the company provides installation services for different home systems.

Greene, Investment, HomeDepot