Alcoa Co. (NYSE:AA) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its position in Alcoa Co. (NYSE:AA - Free Report) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 934,864 shares of the industrial products company's stock after selling 25,216 shares during the quarter. Russell Investments Group Ltd. owned about 0.36% of Alcoa worth $35,318,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Alcoa during the fourth quarter worth about $259,273,000. State Street Corp increased its position in Alcoa by 23.3% during the 3rd quarter. State Street Corp now owns 9,563,645 shares of the industrial products company's stock worth $368,965,000 after purchasing an additional 1,805,915 shares in the last quarter. Geode Capital Management LLC lifted its position in Alcoa by 42.0% during the third quarter. Geode Capital Management LLC now owns 4,193,744 shares of the industrial products company's stock valued at $161,838,000 after buying an additional 1,239,479 shares in the last quarter. ARGA Investment Management LP grew its stake in Alcoa by 29.6% during the fourth quarter. ARGA Investment Management LP now owns 2,998,311 shares of the industrial products company's stock worth $113,276,000 after buying an additional 684,505 shares during the period. Finally, Wellington Management Group LLP grew its stake in Alcoa by 488.2% during the fourth quarter. Wellington Management Group LLP now owns 802,547 shares of the industrial products company's stock worth $30,320,000 after buying an additional 666,117 shares during the period. Institutional investors and hedge funds own 82.39% of the company's stock.

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Alcoa Stock Performance

Shares of NYSE AA traded up $1.02 during trading on Friday, reaching $24.77. The stock had a trading volume of 7,471,819 shares, compared to its average volume of 5,455,014. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.45. The stock has a market cap of $6.41 billion, a PE ratio of -154.78, a P/E/G ratio of 0.19 and a beta of 2.28. Alcoa Co. has a one year low of $21.53 and a one year high of $47.77. The firm's 50 day moving average price is $32.27 and its two-hundred day moving average price is $37.44.

Alcoa (NYSE:AA - Get Free Report) last released its earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.13. Alcoa had a net margin of 0.50% and a return on equity of 5.54%. On average, research analysts forecast that Alcoa Co. will post 4.43 earnings per share for the current fiscal year.

Alcoa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 4th were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.40 dividend on an annualized basis and a yield of 1.62%. Alcoa's payout ratio is currently -250.00%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AA. BMO Capital Markets lifted their target price on shares of Alcoa to $43.00 and gave the company a "hold" rating in a report on Friday, January 17th. UBS Group reduced their price objective on Alcoa from $53.00 to $47.00 and set a "buy" rating on the stock in a research note on Thursday, March 27th. JPMorgan Chase & Co. decreased their target price on shares of Alcoa from $40.00 to $28.00 and set a "neutral" rating for the company in a research note on Thursday. HC Wainwright lifted their price target on shares of Alcoa to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, March 11th. Finally, Jefferies Financial Group decreased their price objective on shares of Alcoa from $50.00 to $45.00 and set a "buy" rating for the company in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $46.25.

Alcoa 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.