Commonwealth Equity Services LLC Sells 8,045 Shares of Alcoa Co. (NYSE:AA)

Commonwealth Equity Services LLC decreased its position in shares of Alcoa Co. (NYSE:AA - Free Report) by 8.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,150 shares of the industrial products company's stock after selling 8,045 shares during the quarter. Commonwealth Equity Services LLC's holdings in Alcoa were worth $3,104,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in Alcoa in the 4th quarter worth about $29,000. Smartleaf Asset Management LLC boosted its stake in shares of Alcoa by 59.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,051 shares of the industrial products company's stock worth $39,000 after buying an additional 393 shares during the last quarter. Quarry LP bought a new position in shares of Alcoa in the third quarter valued at approximately $43,000. Continuum Advisory LLC increased its position in shares of Alcoa by 1,945.5% during the third quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company's stock valued at $46,000 after acquiring an additional 1,070 shares during the last quarter. Finally, UMB Bank n.a. boosted its position 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 worth $51,000 after purchasing an additional 598 shares during the last quarter. 82.39% of the stock is owned by institutional investors and hedge funds.

Alcoa Price Performance

Shares of AA stock traded down $1.40 during trading hours on Friday, reaching $30.58. The stock had a trading volume of 6,441,051 shares, compared to its average volume of 5,367,571. The stock's fifty day simple moving average is $34.75 and its 200 day simple moving average is $38.13. The firm has a market capitalization of $7.92 billion, a PE ratio of -191.15, a PEG ratio of 0.19 and a beta of 2.55. 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.

Remove Ads

Alcoa (NYSE:AA - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 EPS for the quarter, beating analysts' consensus estimates 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 research analysts predict that Alcoa Co. will post 4.43 EPS for the current year.

Alcoa Announces Dividend

The firm also recently declared 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 of this dividend was Tuesday, March 4th. This represents a $0.40 annualized dividend and a dividend yield of 1.31%. Alcoa's payout ratio is currently -250.00%.

Wall Street Analysts Forecast Growth

AA has been the subject of several research analyst reports. B. Riley raised Alcoa to a "strong-buy" rating in a research report on Tuesday, January 21st. BMO Capital Markets increased their target price on shares of Alcoa to $43.00 and gave the company a "hold" rating in a research report on Friday, January 17th. Jefferies Financial Group decreased their price target on shares of Alcoa from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Morgan Stanley reduced 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. Finally, JPMorgan Chase & Co. boosted their target price on Alcoa from $38.00 to $40.00 and gave the company a "neutral" rating in a research note on Thursday, January 16th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $49.92.

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.