Alcoa Co. (NYSE:AA) Shares Purchased by Erste Asset Management GmbH

Erste Asset Management GmbH raised its position in shares of Alcoa Co. (NYSE:AA - Free Report) by 19.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 71,400 shares of the industrial products company's stock after purchasing an additional 11,400 shares during the quarter. Erste Asset Management GmbH's holdings in Alcoa were worth $2,690,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Ballentine Partners LLC grew its stake in Alcoa by 3.2% during the 4th quarter. Ballentine Partners LLC now owns 8,973 shares of the industrial products company's stock valued at $339,000 after purchasing an additional 279 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Alcoa by 0.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 52,624 shares of the industrial products company's stock worth $1,988,000 after buying an additional 300 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its stake in shares of Alcoa by 5.3% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,521 shares of the industrial products company's stock worth $246,000 after buying an additional 328 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Alcoa by 3.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,469 shares of the industrial products company's stock worth $365,000 after buying an additional 339 shares during the last quarter. Finally, CreativeOne Wealth LLC boosted its stake in shares of Alcoa by 4.1% in the third quarter. CreativeOne Wealth LLC now owns 9,114 shares of the industrial products company's stock worth $352,000 after buying an additional 360 shares during the last quarter. Hedge funds and other institutional investors own 82.39% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages have recently commented on AA. HC Wainwright upped their target price on Alcoa to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, March 11th. Morgan Stanley lowered their target price on Alcoa from $55.00 to $51.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 28th. BMO Capital Markets upped their target price on Alcoa to $43.00 and gave the stock a "hold" rating in a research note on Friday, January 17th. Jefferies Financial Group lowered their target price on Alcoa from $50.00 to $45.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. upped their target price on Alcoa from $38.00 to $40.00 and gave the stock a "neutral" rating in a research note on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $50.17.

Alcoa Price Performance

Shares of Alcoa stock traded up $1.32 during mid-day trading on Wednesday, reaching $35.29. 4,502,442 shares of the stock traded hands, compared to its average volume of 5,092,938. The business has a 50-day moving average of $35.36 and a 200 day moving average of $37.99. Alcoa Co. has a fifty-two week low of $27.12 and a fifty-two week high of $47.77. The stock has a market capitalization of $9.14 billion, a PE ratio of -220.56, a PEG ratio of 0.19 and a beta of 2.55. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 0.48.

Alcoa (NYSE:AA - Get Free Report) last announced its 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 return on equity of 5.54% and a net margin of 0.50%. On average, analysts predict that Alcoa Co. will post 4.43 EPS for the current year.

Alcoa Announces Dividend

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