Alcoa Co. (NYSE:AA) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Alcoa Co. (NYSE:AA - Free Report) by 38.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 97,050 shares of the industrial products company's stock after buying an additional 27,080 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Alcoa were worth $3,667,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of AA. Crossmark Global Holdings Inc. grew its stake in shares of Alcoa by 28.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 13,164 shares of the industrial products company's stock valued at $508,000 after acquiring an additional 2,912 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Alcoa by 32.5% in the 3rd quarter. Victory Capital Management Inc. now owns 543,086 shares of the industrial products company's stock valued at $20,952,000 after purchasing an additional 133,345 shares during the last quarter. KBC Group NV raised its stake in shares of Alcoa by 45.3% in the third quarter. KBC Group NV now owns 6,537 shares of the industrial products company's stock valued at $252,000 after acquiring an additional 2,037 shares during the period. Impax Asset Management Group plc bought a new stake in Alcoa in the third quarter worth about $664,000. Finally, Cornercap Investment Counsel Inc. purchased a new position in Alcoa during the 3rd quarter valued at $316,000. 82.39% of the stock is owned by hedge funds and other institutional investors.

Alcoa Stock Up 3.9 %

Shares of AA stock traded up $1.32 during trading on Wednesday, reaching $35.29. The company's stock had a trading volume of 3,941,574 shares, compared to its average volume of 5,070,419. Alcoa Co. has a 1-year low of $27.12 and a 1-year high of $47.77. The stock's 50-day moving average price is $35.36 and its 200 day moving average price is $37.99. The company has a market capitalization of $9.14 billion, a price-to-earnings ratio of -220.56, a P/E/G ratio of 0.19 and a beta of 2.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 0.86.

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Alcoa (NYSE:AA - Get Free Report) last issued 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, research analysts anticipate that Alcoa Co. will post 4.43 EPS for the current year.

Alcoa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 4th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Tuesday, March 4th. Alcoa's payout ratio is -250.00%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AA shares. Jefferies Financial Group dropped their price target on Alcoa from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Morgan Stanley decreased their price objective on shares of Alcoa from $55.00 to $51.00 and set an "overweight" rating for the company in a research report on Tuesday, January 28th. BMO Capital Markets increased their price target on shares of Alcoa to $43.00 and gave the stock a "hold" rating in a report on Friday, January 17th. HC Wainwright increased their price target on Alcoa to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. Finally, Bank of America lifted their target price on shares of Alcoa to $58.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $50.17.

About Alcoa

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.