Fisher Asset Management LLC reduced its position in shares of Alcoa Co. (NYSE:AA - Free Report) by 62.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 702,651 shares of the industrial products company's stock after selling 1,169,548 shares during the period. Fisher Asset Management LLC owned 0.27% of Alcoa worth $26,546,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of AA. Retirement Systems of Alabama increased its position in Alcoa by 41.6% during the 3rd quarter. Retirement Systems of Alabama now owns 313,822 shares of the industrial products company's stock valued at $12,107,000 after purchasing an additional 92,201 shares during the period. ING Groep NV bought a new stake in shares of Alcoa during the 3rd quarter valued at about $10,201,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Alcoa by 6.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 628,116 shares of the industrial products company's stock worth $24,233,000 after buying an additional 36,869 shares in the last quarter. Aigen Investment Management LP raised its stake in Alcoa by 73.0% in the third quarter. Aigen Investment Management LP now owns 36,848 shares of the industrial products company's stock worth $1,422,000 after buying an additional 15,546 shares in the last quarter. Finally, Mountaineer Partners Management LLC lifted its holdings in Alcoa by 4,023.0% in the third quarter. Mountaineer Partners Management LLC now owns 10,795,880 shares of the industrial products company's stock worth $416,505,000 after buying an additional 10,534,036 shares during the period. 82.39% of the stock is owned by institutional investors.
Alcoa Stock Up 0.0 %
AA traded up $0.01 during trading on Friday, hitting $32.84. 4,176,733 shares of the company's stock traded hands, compared to its average volume of 5,332,529. The stock has a market capitalization of $8.50 billion, a price-to-earnings ratio of -205.27, a PEG ratio of 0.19 and a beta of 2.43. The company's 50 day simple moving average is $36.02 and its two-hundred day simple moving average is $37.94. Alcoa Co. has a 12-month low of $27.12 and a 12-month high of $47.77. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48.
Alcoa (NYSE:AA - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The industrial products company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.91 by $0.13. Alcoa had a return on equity of 5.54% and a net margin of 0.50%. Analysts predict that Alcoa Co. will post 4.43 earnings per share for the current fiscal year.
Alcoa Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 4th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, March 4th. This represents a $0.40 dividend on an annualized basis and a yield of 1.22%. Alcoa's dividend payout ratio (DPR) is -250.00%.
Analysts Set New Price Targets
A number of research analysts have weighed in on the company. B. Riley upgraded Alcoa to a "strong-buy" rating in a report on Tuesday, January 21st. Morgan Stanley decreased their price objective on Alcoa from $55.00 to $51.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Jefferies Financial Group lowered their price objective on Alcoa from $50.00 to $45.00 and set a "buy" rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. upped their target price on shares of Alcoa from $38.00 to $40.00 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. Finally, Bank of America lifted their price target on shares of Alcoa to $58.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $46.55.
Read Our Latest Stock Report on Alcoa
About Alcoa
(
Free Report)
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.
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