Alcoa Co. (NYSE:AA) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. raised its holdings in shares of Alcoa Co. (NYSE:AA - Free Report) by 96.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,065,125 shares of the industrial products company's stock after acquiring an additional 522,039 shares during the period. Victory Capital Management Inc. owned approximately 0.41% of Alcoa worth $40,240,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AA. Mountaineer Partners Management LLC lifted its stake in Alcoa by 4,023.0% during the 3rd quarter. Mountaineer Partners Management LLC now owns 10,795,880 shares of the industrial products company's stock valued at $416,505,000 after acquiring an additional 10,534,036 shares during the period. State Street Corp increased its holdings in shares of Alcoa by 23.3% during the 3rd quarter. State Street Corp now owns 9,563,645 shares of the industrial products company's stock valued at $368,965,000 after purchasing an additional 1,805,915 shares in the last quarter. Paloma Partners Management Co increased its holdings in shares of Alcoa by 11,317.8% during the 3rd quarter. Paloma Partners Management Co now owns 1,427,799 shares of the industrial products company's stock valued at $55,084,000 after purchasing an additional 1,415,294 shares in the last quarter. Geode Capital Management LLC increased its holdings 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 valued at $161,838,000 after purchasing an additional 1,239,479 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. purchased a new position in shares of Alcoa during the 3rd quarter valued at approximately $36,165,000. 82.39% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Alcoa from $38.00 to $40.00 and gave the company a "neutral" rating in a report on Thursday, January 16th. Morgan Stanley cut their target price on shares of Alcoa from $55.00 to $51.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. 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. Jefferies Financial Group cut their target price on shares of Alcoa from $50.00 to $45.00 and set a "buy" rating for the company in a report on Monday, January 6th. Finally, Bank of America boosted their price target on shares of Alcoa to $58.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $46.55.

Alcoa Price Performance

AA stock traded up $0.01 during mid-day trading on Friday, reaching $32.84. The company's stock had a trading volume of 4,178,040 shares, compared to its average volume of 5,317,898. The stock has a market cap of $8.50 billion, a PE ratio of -205.27, a P/E/G ratio of 0.19 and a beta of 2.55. The company's 50 day moving average is $35.92 and its two-hundred day moving average is $37.99. Alcoa Co. has a fifty-two week low of $27.12 and a fifty-two week high of $47.77. 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 EPS for the quarter, topping 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%. Equities research analysts expect that Alcoa Co. will post 4.43 EPS for the current year.

Alcoa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 4th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.40 dividend on an annualized basis and a yield of 1.22%. Alcoa's payout ratio is -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.