Alcoa Co. (NYSE:AA) Shares Sold by River Global Investors LLP

River Global Investors LLP lessened its position in Alcoa Co. (NYSE:AA - Free Report) by 44.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,230 shares of the industrial products company's stock after selling 19,302 shares during the quarter. River Global Investors LLP's holdings in Alcoa were worth $916,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AA. Mountaineer Partners Management LLC lifted its stake 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 purchasing an additional 10,534,036 shares during the last quarter. State Street Corp raised its holdings in shares of Alcoa by 23.3% in the third quarter. State Street Corp now owns 9,563,645 shares of the industrial products company's stock worth $368,965,000 after buying an additional 1,805,915 shares during the period. Paloma Partners Management Co raised its holdings in shares of Alcoa by 11,317.8% in the third quarter. Paloma Partners Management Co now owns 1,427,799 shares of the industrial products company's stock worth $55,084,000 after buying an additional 1,415,294 shares during the period. Geode Capital Management LLC lifted its stake in shares of Alcoa by 42.0% during the 3rd quarter. Geode Capital Management LLC now owns 4,193,744 shares of the industrial products company's stock worth $161,838,000 after acquiring an additional 1,239,479 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. purchased a new position in Alcoa during the 3rd quarter valued at $36,165,000. 82.39% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

AA has been the topic of a number of recent analyst reports. B. Riley upgraded Alcoa to a "strong-buy" rating in a research note on Tuesday, January 21st. Jefferies Financial Group reduced their price target on shares of Alcoa from $50.00 to $45.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. lifted their price objective on shares of Alcoa from $38.00 to $40.00 and gave the company a "neutral" rating in a report on Thursday, January 16th. Bank of America upped their target price on shares of Alcoa to $58.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Finally, BMO Capital Markets lifted their price target on shares of Alcoa to $43.00 and gave the company a "hold" rating in a research note on Friday, January 17th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $50.17.

Alcoa Stock Up 4.1 %

NYSE AA traded up $1.32 during midday trading on Wednesday, hitting $33.28. 4,768,346 shares of the company traded hands, compared to its average volume of 5,318,492. The company has a market cap of $8.61 billion, a PE ratio of -207.97, a price-to-earnings-growth ratio of 0.19 and a beta of 2.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 0.86. Alcoa Co. has a 52 week low of $27.12 and a 52 week high of $47.77. The company's 50-day simple moving average is $35.68 and its 200-day simple moving average is $37.97.

Alcoa (NYSE:AA - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share (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%. As a group, equities research analysts forecast that Alcoa Co. will post 4.43 earnings per share for the current year.

Alcoa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 4th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.40 annualized dividend and a dividend yield of 1.20%. Alcoa's dividend payout ratio (DPR) is presently -250.00%.

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.