Fiduciary Alliance LLC Acquires New Holdings in Alcoa Co. (NYSE:AA)

Fiduciary Alliance LLC purchased a new stake in Alcoa Co. (NYSE:AA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 30,357 shares of the industrial products company's stock, valued at approximately $1,147,000.

A number of other institutional investors also recently modified their holdings of AA. American Century Companies Inc. boosted its holdings in shares of Alcoa by 3.4% during the 2nd quarter. American Century Companies Inc. now owns 152,737 shares of the industrial products company's stock valued at $6,076,000 after acquiring an additional 5,011 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Alcoa during the second quarter worth about $635,000. Federated Hermes Inc. raised its holdings in Alcoa by 389.0% in the 2nd quarter. Federated Hermes Inc. now owns 72,903 shares of the industrial products company's stock valued at $2,900,000 after buying an additional 57,995 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Alcoa by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,665,106 shares of the industrial products company's stock worth $265,132,000 after buying an additional 390,930 shares during the period. Finally, Quantbot Technologies LP increased its position in Alcoa by 12.4% in the 2nd quarter. Quantbot Technologies LP now owns 130,500 shares of the industrial products company's stock valued at $5,191,000 after acquiring an additional 14,400 shares during the period. Institutional investors and hedge funds own 82.39% of the company's stock.

Insider Buying and Selling at Alcoa

In related news, EVP Renato Bacchi sold 23,867 shares of the stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $42.29, for a total value of $1,009,335.43. Following the completion of the transaction, the executive vice president now directly owns 57,317 shares in the company, valued at $2,423,935.93. This trade represents a 29.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.08% of the stock is currently owned by corporate insiders.

Alcoa Price Performance

NYSE AA traded up $0.39 during trading hours on Tuesday, reaching $36.86. 3,339,266 shares of the stock traded hands, compared to its average volume of 4,231,103. The stock has a 50 day simple moving average of $41.20 and a two-hundred day simple moving average of $37.80. Alcoa Co. has a 1 year low of $24.86 and a 1 year high of $47.77. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.41 and a quick ratio of 0.80. The company has a market cap of $9.52 billion, a price-to-earnings ratio of -20.94, a price-to-earnings-growth ratio of 0.79 and a beta of 2.47.

Alcoa (NYSE:AA - Get Free Report) last issued its earnings results on Wednesday, October 16th. The industrial products company reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.34. The company had revenue of $2.90 billion for the quarter, compared to analysts' expectations of $2.97 billion. Alcoa had a negative net margin of 2.65% and a negative return on equity of 1.45%. The firm's revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the company earned ($1.14) EPS. On average, analysts predict that Alcoa Co. will post 0.9 EPS for the current fiscal year.

Alcoa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, October 29th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, October 29th. This represents a $0.40 dividend on an annualized basis and a yield of 1.09%. Alcoa's dividend payout ratio is presently -22.73%.

Analyst Ratings Changes

Several equities analysts have issued reports on AA shares. Argus raised Alcoa from a "hold" rating to a "buy" rating and set a $48.00 price target on the stock in a research note on Wednesday, October 23rd. B. Riley upgraded shares of Alcoa from a "neutral" rating to a "buy" rating and upped their price objective for the company from $41.00 to $50.00 in a report on Thursday, October 17th. Bank of America increased their price target on Alcoa to $58.00 and gave the stock a "buy" rating in a report on Thursday, November 28th. JPMorgan Chase & Co. boosted their price objective on Alcoa from $36.00 to $39.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. Finally, BMO Capital Markets increased their target price on Alcoa from $42.00 to $45.00 and gave the stock a "market perform" rating in a report on Thursday, October 17th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Alcoa presently has a consensus rating of "Moderate Buy" and an average target price of $46.45.

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.