Mutual of America Capital Management LLC Grows Stock Position in Alcoa Co. (NYSE:AA)

Mutual of America Capital Management LLC increased its holdings in shares of Alcoa Co. (NYSE:AA - Free Report) by 35.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 139,619 shares of the industrial products company's stock after purchasing an additional 36,812 shares during the period. Mutual of America Capital Management LLC owned 0.05% of Alcoa worth $5,387,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp boosted its stake in Alcoa by 15.1% in the 2nd quarter. Fifth Third Bancorp now owns 2,353 shares of the industrial products company's stock valued at $94,000 after purchasing an additional 309 shares during the period. Blue Trust Inc. increased its position in Alcoa by 12.0% during the third quarter. Blue Trust Inc. now owns 3,222 shares of the industrial products company's stock worth $128,000 after acquiring an additional 344 shares during the period. Pacer Advisors Inc. increased its position in Alcoa by 1.4% during the second quarter. Pacer Advisors Inc. now owns 26,965 shares of the industrial products company's stock worth $1,073,000 after acquiring an additional 368 shares during the period. Rosenberg Matthew Hamilton raised its stake in Alcoa by 15.3% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 3,452 shares of the industrial products company's stock worth $133,000 after purchasing an additional 459 shares in the last quarter. Finally, Eads & Heald Wealth Management boosted its holdings in shares of Alcoa by 6.6% in the 3rd quarter. Eads & Heald Wealth Management now owns 8,403 shares of the industrial products company's stock valued at $324,000 after purchasing an additional 517 shares in the last quarter.

Wall Street Analysts Forecast Growth

AA has been the subject of several recent analyst reports. B. Riley upgraded Alcoa from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $41.00 to $50.00 in a research report on Thursday, October 17th. Morgan Stanley raised their price target on shares of Alcoa from $48.00 to $49.00 and gave the company an "overweight" rating in a research note on Friday, October 18th. Wolfe Research raised shares of Alcoa from a "peer perform" rating to an "outperform" rating and set a $36.00 price objective for the company in a research note on Wednesday, September 4th. Argus raised shares of Alcoa from a "hold" rating to a "buy" rating and set a $48.00 target price on the stock in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. raised 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. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Alcoa currently has a consensus rating of "Moderate Buy" and a consensus target price of $44.75.

Alcoa Stock Performance

Alcoa stock traded down $0.08 during trading hours on Thursday, reaching $45.66. 532,869 shares of the company's stock were exchanged, compared to its average volume of 5,825,886. Alcoa Co. has a twelve month low of $23.80 and a twelve month high of $46.55. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.80 and a current ratio of 1.41. The firm's 50 day simple moving average is $39.91 and its 200 day simple moving average is $37.82.

Alcoa (NYSE:AA - Get Free Report) last posted its quarterly earnings results on Wednesday, October 16th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.34. Alcoa had a negative return on equity of 1.45% and a negative net margin of 2.65%. The firm had revenue of $2.90 billion for the quarter, compared to analysts' expectations of $2.97 billion. During the same period in the prior year, the business earned ($1.14) EPS. The company's revenue for the quarter was up 11.6% compared to the same quarter last year. As a group, sell-side analysts predict that Alcoa Co. will post 0.89 earnings per share for the current year.

Alcoa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, October 29th were paid a $0.10 dividend. The ex-dividend date was Tuesday, October 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.88%. Alcoa's dividend payout ratio is presently -22.73%.

Insider Buying and Selling

In other Alcoa news, EVP Renato Bacchi sold 23,867 shares of Alcoa stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $42.29, for a total transaction of $1,009,335.43. Following the transaction, the executive vice president now directly owns 57,317 shares of the company's stock, valued at $2,423,935.93. The trade was a 29.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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.