Fifth Third Wealth boosts Procter & Gamble stake by 7.2% with $9.18M purchase; Asset Management One trims 8,388 shares
Fifth Third Wealth Advisors LLC increased its Procter & Gamble stake 7.2% to 59,730 shares by purchasing 4,005 shares in the third quarter, valuing its holding at $9.18 million. Asset Management One Co. Ltd. reduced its position by 0.7%, selling 8,388 shares to hold 1,161,096 shares valued at $178.4 million.
1. Institutional Investors Adjust Stakes
In the third quarter, Fifth Third Wealth Advisors LLC increased its Procter & Gamble holdings by 7.2%, adding 4,005 shares to reach a total position of 59,730 shares valued at approximately 9.178 million. Conversely, Asset Management One Co. Ltd. trimmed its stake by 0.7%, selling 8,388 shares to hold 1,161,096 shares valued at roughly 178.402 million at quarter end. Collectively, institutional investors own 65.77% of the company’s outstanding shares, underscoring the significant influence of large funds on trading volumes and potential voting outcomes.
2. Analyst Ratings and Price Target Revisions
Thirteen research firms maintain Buy ratings on Procter & Gamble, while ten recommend Hold, resulting in a consensus Moderate Buy opinion and an average price target of 171.38. Notable changes include Berenberg Bank raising its target from 152.00 to 154.00 with a Hold rating, UBS Group lowering its target from 180.00 to 176.00 but retaining a Buy rating, and Wells Fargo & Company reducing its target from 173.00 to 170.00 and setting an Overweight rating. These revisions reflect diverging expectations on near-term profit growth and margin pressures in key product categories.
3. Recent Earnings Performance and Dividend Policy
For the quarter ended October 24, the company reported earnings per share of 1.99, beating consensus estimates by 0.09. Revenue rose 3.0% year-over-year to 22.39 billion, outpacing the forecasted 22.23 billion. Return on equity reached 32.63%, while net margin stood at 19.74%. Management reaffirmed full-year guidance of 6.83 to 7.10 EPS. Additionally, the board declared a quarterly dividend of 1.0568 per share, translating to an annualized payout of 4.23 and a yield of 3.0%, with a payout ratio of 61.75%.