Alcoa Co. (NYSE:AA) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in shares of Alcoa Co. (NYSE:AA - Free Report) by 0.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,979,129 shares of the industrial products company's stock after acquiring an additional 165,420 shares during the period. Vanguard Group Inc. owned 10.06% of Alcoa worth $981,491,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new stake in Alcoa during the fourth quarter worth approximately $29,000. Smartleaf Asset Management LLC grew its position in shares of Alcoa by 59.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,051 shares of the industrial products company's stock valued at $39,000 after buying an additional 393 shares during the last quarter. Quarry LP acquired a new stake in Alcoa during the 3rd quarter worth $43,000. Continuum Advisory LLC lifted its position in Alcoa by 1,945.5% in the third quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company's stock valued at $46,000 after acquiring an additional 1,070 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in Alcoa by 78.5% in the fourth quarter. UMB Bank n.a. now owns 1,360 shares of the industrial products company's stock valued at $51,000 after acquiring an additional 598 shares in the last quarter. Hedge funds and other institutional investors own 82.39% of the company's stock.

Alcoa Stock Performance

AA traded down $0.16 during trading on Monday, hitting $30.50. The stock had a trading volume of 4,981,025 shares, compared to its average volume of 5,366,032. Alcoa Co. has a twelve month low of $27.12 and a twelve month high of $47.77. The firm has a market capitalization of $7.90 billion, a P/E ratio of -190.65, a PEG ratio of 0.19 and a beta of 2.55. 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 company's 50-day moving average price is $34.75 and its 200 day moving average price is $38.19.

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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 (EPS) for the quarter, topping 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%. On average, equities research analysts forecast that Alcoa Co. will post 4.43 EPS for the current fiscal year.

Alcoa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.40 annualized dividend and a dividend yield of 1.31%. Alcoa's payout ratio is currently -250.00%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AA shares. Jefferies Financial Group cut their target price on Alcoa from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. lifted their price target on Alcoa from $38.00 to $40.00 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. Bank of America boosted their price objective on Alcoa to $58.00 and gave the company a "buy" rating in a research note on Friday, January 24th. B. Riley upgraded shares of Alcoa to a "strong-buy" rating in a research report on Tuesday, January 21st. Finally, UBS Group reduced their price target on shares of Alcoa from $53.00 to $47.00 and set a "buy" rating for the company in a research report on Thursday. 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's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.92.

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.