Wealthfront Advisers LLC Makes New $1.15 Million Investment in Alcoa Co. (NYSE:AA)

Wealthfront Advisers LLC bought a new position in Alcoa Co. (NYSE:AA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,541 shares of the industrial products company's stock, valued at approximately $1,154,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of AA. SBI Securities Co. Ltd. bought a new position in shares of Alcoa in the fourth quarter valued at approximately $29,000. Smartleaf Asset Management LLC boosted its holdings in shares of Alcoa by 59.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,051 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 393 shares in the last quarter. Quarry LP bought a new position in shares of Alcoa in the third quarter valued at approximately $43,000. Continuum Advisory LLC boosted its holdings in shares of 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 in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of 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. Institutional investors own 82.39% of the company's stock.

Alcoa Trading Up 3.9 %

Shares of NYSE:AA traded up $1.32 during mid-day trading on Wednesday, hitting $35.29. The stock had a trading volume of 4,501,601 shares, compared to its average volume of 5,281,032. 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 has a market cap of $9.14 billion, a PE ratio of -220.56, a P/E/G ratio of 0.19 and a beta of 2.55. Alcoa Co. has a 12-month low of $27.12 and a 12-month high of $47.77. The company's 50 day moving average is $35.36 and its 200-day moving average is $37.99.

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Alcoa (NYSE:AA - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 EPS 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, sell-side analysts predict that Alcoa Co. will post 4.43 EPS for the current year.

Alcoa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Tuesday, March 4th will be given a $0.10 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $0.40 dividend on an annualized basis and a yield of 1.13%. Alcoa's payout ratio is -250.00%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased 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. BMO Capital Markets increased their price objective on shares of Alcoa to $43.00 and gave the company a "hold" rating in a report on Friday, January 17th. HC Wainwright increased their price objective on shares of Alcoa to $90.00 and gave the company a "buy" rating in a report on Tuesday, March 11th. Bank of America increased their target price on shares of Alcoa to $58.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Finally, B. Riley raised shares of Alcoa to a "strong-buy" rating in a research note on Tuesday, January 21st. Four equities research 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 company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.