Swiss National Bank Raises Position in Alcoa Co. (NYSE:AA)

Swiss National Bank grew its stake in shares of Alcoa Co. (NYSE:AA - Free Report) by 10.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 508,113 shares of the industrial products company's stock after acquiring an additional 47,200 shares during the period. Swiss National Bank owned 0.20% of Alcoa worth $19,197,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AA. Retirement Systems of Alabama raised its position in shares of Alcoa by 41.6% in the third quarter. Retirement Systems of Alabama now owns 313,822 shares of the industrial products company's stock worth $12,107,000 after buying an additional 92,201 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Alcoa by 6.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 628,116 shares of the industrial products company's stock worth $24,233,000 after buying an additional 36,869 shares in the last quarter. Mountaineer Partners Management LLC raised its position in shares of 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 buying an additional 10,534,036 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Alcoa by 42.0% in the third quarter. Geode Capital Management LLC now owns 4,193,744 shares of the industrial products company's stock worth $161,838,000 after buying an additional 1,239,479 shares in the last quarter. Finally, Impala Asset Management LLC purchased a new stake in shares of Alcoa in the third quarter worth $6,366,000. Hedge funds and other institutional investors own 82.39% of the company's stock.

Remove Ads

Alcoa Trading Down 2.6 %

Shares of NYSE:AA traded down $0.90 on Friday, reaching $33.95. 4,718,804 shares of the company traded hands, compared to its average volume of 5,240,501. The business's 50-day simple moving average is $35.29 and its 200 day simple moving average is $37.96. Alcoa Co. has a 52 week low of $27.12 and a 52 week high of $47.77. The stock has a market capitalization of $8.79 billion, a P/E ratio of -212.16, a price-to-earnings-growth ratio of 0.19 and a beta of 2.55. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48.

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

Alcoa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors 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 annualized dividend and a dividend yield of 1.18%. Alcoa's payout ratio is presently -250.00%.

Wall Street Analyst Weigh In

AA has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price objective on Alcoa to $43.00 and gave the stock a "hold" rating in a research report on Friday, January 17th. Morgan Stanley lowered their price objective on Alcoa from $55.00 to $51.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 28th. Bank of America raised their price target on Alcoa to $58.00 and gave the company a "buy" rating in a research report on Friday, January 24th. HC Wainwright raised their price target on Alcoa to $90.00 and gave the company a "buy" rating in a research report on Tuesday, March 11th. Finally, Jefferies Financial Group lowered their price target on Alcoa from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. 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, Alcoa currently has a consensus rating of "Moderate Buy" and an average target price of $50.17.

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.