Alcoa Co. (NYSE:AA) Shares Purchased by Prudential Financial Inc.

Prudential Financial Inc. increased its holdings in Alcoa Co. (NYSE:AA - Free Report) by 151.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,396 shares of the industrial products company's stock after acquiring an additional 28,549 shares during the quarter. Prudential Financial Inc.'s holdings in Alcoa were worth $1,791,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AA. SBI Securities Co. Ltd. acquired a new stake in Alcoa in the fourth quarter valued at $29,000. Smartleaf Asset Management LLC grew its position in shares of Alcoa by 59.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,051 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 393 shares during the period. Quarry LP purchased a new position in shares of Alcoa during the 3rd quarter worth about $43,000. Continuum Advisory LLC raised its stake in Alcoa by 1,945.5% during the third quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company's stock worth $46,000 after purchasing an additional 1,070 shares during the period. Finally, UMB Bank n.a. boosted its holdings in Alcoa by 78.5% in the fourth quarter. UMB Bank n.a. now owns 1,360 shares of the industrial products company's stock valued at $51,000 after acquiring an additional 598 shares during the last quarter. 82.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. HC Wainwright raised their target price on shares of Alcoa to $90.00 and gave the company a "buy" rating in a research note on Tuesday, March 11th. BMO Capital Markets lifted their price objective on shares of Alcoa to $43.00 and gave the company a "hold" rating in a research note on Friday, January 17th. Morgan Stanley reduced their target price on shares of Alcoa from $55.00 to $51.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 28th. Jefferies Financial Group lowered their price target on shares of Alcoa from $50.00 to $45.00 and set a "buy" rating for the company in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Alcoa from $38.00 to $40.00 and gave the stock a "neutral" rating in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $47.25.

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Alcoa Stock Performance

Shares of AA traded up $3.27 during mid-day trading on Wednesday, hitting $25.84. The stock had a trading volume of 13,003,185 shares, compared to its average volume of 5,427,760. Alcoa Co. has a fifty-two week low of $21.55 and a fifty-two week high of $47.77. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 0.48. The company has a market cap of $6.69 billion, a PE ratio of -161.47, a PEG ratio of 0.19 and a beta of 2.28. The company's fifty day simple moving average is $32.71 and its two-hundred day simple moving average is $37.62.

Alcoa (NYSE:AA - Get Free Report) last released its earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.13. Alcoa had a net margin of 0.50% and a return on equity of 5.54%. On average, equities analysts expect that Alcoa Co. will post 4.43 earnings per share for the current year.

Alcoa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 4th were issued a $0.10 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $0.40 dividend on an annualized basis and a yield of 1.55%. Alcoa's dividend payout ratio is currently -250.00%.

Alcoa Company Profile

Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company operates through two segments, Alumina and Aluminum. It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process it into industrial chemical products, as well as aluminum smelting and casting businesses.