Rep. Marjorie Taylor Greene Invests in Home Depot Shares

Published October 23, 2024

Representative Marjorie Taylor Greene, a Republican from Georgia, has recently made a significant investment by purchasing shares of The Home Depot, Inc. (NYSE: HD). According to a filing made public on October 22, she acquired between $1,001 and $15,000 in Home Depot stock on October 21.

In addition to this purchase, Representative Greene engaged in several other stock transactions on the same day. These included investments in:

  • Caterpillar (NYSE: CAT)
  • Visa (NYSE: V)
  • Berkshire Hathaway (NYSE: BRK.B)
  • Tesla (NASDAQ: TSLA)
  • ASML (NASDAQ: ASML)
  • NestlĂ© (OTCMKTS: NSRGY)
  • Intel (NASDAQ: INTC)
  • Microsoft (NASDAQ: MSFT)
  • Blackstone (NYSE: BX)

She also bought shares of Costco Wholesale (NASDAQ: COST) earlier on October 4, valued in the same range.

Current Market Performance of Home Depot

As of midday trading on Wednesday, Home Depot's stock was down by 0.3%, trading at approximately $400.49. A total of 879,976 shares changed hands, which is lower than its average volume of 3,363,190 shares. The company's market capitalization stands at $397.13 billion, with a PE ratio of 26.91, indicating how the stock is valued relative to its earnings. It has a market beta of 1.00, showing it is in line with the overall market risk.

Home Depot's recent financial performance includes reported earnings of $4.67 per share for the last quarter, surpassing analysts' expectations of $4.59. The company's quarterly revenue reached $43.18 billion, exceeding the forecast of $42.57 billion, marking a growth of 0.6% year-over-year. Analysts predict a yearly EPS of 15.01 for the current fiscal year.

Dividend Information

Home Depot also declared a quarterly dividend paid on September 12, amounting to $2.25 per share. This dividend leads to an annualized yield of 2.25%, with a payout ratio of about 60.36%.

Analyst Opinions on Home Depot

Several analysts have offered their perspectives on Home Depot's stock recently. For instance, Guggenheim raised its target price from $390 to $450 and assigned a