Wellington Management Group LLP Has $30.32 Million Stock Holdings in Alcoa Co. (NYSE:AA)

Wellington Management Group LLP boosted its stake in Alcoa Co. (NYSE:AA - Free Report) by 488.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 802,547 shares of the industrial products company's stock after purchasing an additional 666,117 shares during the quarter. Wellington Management Group LLP owned about 0.31% of Alcoa worth $30,320,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AA. Ballentine Partners LLC increased its stake in shares of Alcoa by 3.2% in the 4th quarter. Ballentine Partners LLC now owns 8,973 shares of the industrial products company's stock valued at $339,000 after acquiring an additional 279 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Alcoa by 0.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 52,624 shares of the industrial products company's stock valued at $1,988,000 after purchasing an additional 300 shares in the last quarter. Wilmington Savings Fund Society FSB increased its stake in Alcoa by 5.3% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,521 shares of the industrial products company's stock valued at $246,000 after purchasing an additional 328 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Alcoa by 3.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,469 shares of the industrial products company's stock worth $365,000 after purchasing an additional 339 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings 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 period. Institutional investors and hedge funds own 82.39% of the company's stock.

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Alcoa Stock Up 4.3 %

Alcoa stock traded up $1.02 during mid-day trading on Friday, reaching $24.77. The company's stock had a trading volume of 7,471,819 shares, compared to its average volume of 5,463,116. The business's 50 day simple moving average is $32.27 and its 200 day simple moving average is $37.45. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.45. Alcoa Co. has a 12 month low of $21.53 and a 12 month high of $47.77. The company has a market capitalization of $6.41 billion, a price-to-earnings ratio of -154.78, a price-to-earnings-growth ratio of 0.19 and a beta of 2.28.

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 for the quarter, beating 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%. As a group, research analysts anticipate that Alcoa Co. will post 4.43 earnings per share for the current year.

Alcoa Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently commented on AA shares. B. Riley raised Alcoa to a "strong-buy" rating in a research note on Tuesday, January 21st. Bank of America reaffirmed an "underperform" rating and set a $26.00 price target (down previously from $58.00) on shares of Alcoa in a research report on Tuesday. JPMorgan Chase & Co. decreased their price objective on Alcoa from $40.00 to $28.00 and set a "neutral" rating for the company in a research report on Thursday. HC Wainwright increased their target price on Alcoa to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, March 11th. Finally, Jefferies Financial Group reduced their price target 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Alcoa has an average rating of "Moderate Buy" and a consensus price target of $46.25.

Alcoa Company 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.