Alcoa Co. (NYSE:AA) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Alcoa Co. (NYSE:AA - Free Report) by 37.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,970 shares of the industrial products company's stock after purchasing an additional 19,231 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Alcoa were worth $2,699,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Newbridge Financial Services Group Inc. purchased a new stake in Alcoa in the 2nd quarter valued at approximately $27,000. UMB Bank n.a. grew its holdings in Alcoa by 481.7% during the third quarter. UMB Bank n.a. now owns 762 shares of the industrial products company's stock worth $29,000 after acquiring an additional 631 shares during the period. Fifth Third Bancorp raised its position in Alcoa by 15.1% in the second quarter. Fifth Third Bancorp now owns 2,353 shares of the industrial products company's stock worth $94,000 after acquiring an additional 309 shares in the last quarter. William B. Walkup & Associates Inc. acquired a new stake in Alcoa in the second quarter valued at $102,000. Finally, Blue Trust Inc. boosted its position in shares of Alcoa by 536.7% during the 2nd quarter. Blue Trust Inc. now owns 2,878 shares of the industrial products company's stock worth $114,000 after purchasing an additional 2,426 shares in the last quarter.

Analyst Ratings Changes

A number of research firms recently commented on AA. B. Riley Financial reissued a "neutral" rating and set a $41.00 price objective on shares of Alcoa in a report on Tuesday, September 17th. StockNews.com raised Alcoa from a "sell" rating to a "hold" rating in a research note on Thursday, October 17th. Morgan Stanley raised their price target on Alcoa from $48.00 to $49.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. Argus upgraded shares of Alcoa from a "hold" rating to a "buy" rating and set a $48.00 price objective on the stock in a research report on Wednesday, October 23rd. Finally, UBS Group raised their target price on shares of Alcoa from $40.00 to $50.00 and gave the company a "buy" rating in a report on Tuesday, October 15th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Alcoa has a consensus rating of "Moderate Buy" and an average price target of $45.25.

Alcoa Trading Down 0.5 %

Shares of Alcoa stock traded down $0.22 during trading hours on Wednesday, reaching $45.68. 1,803,554 shares of the company's stock were exchanged, compared to its average volume of 5,752,988. The firm has a market capitalization of $11.80 billion, a price-to-earnings ratio of -26.08, a price-to-earnings-growth ratio of 0.92 and a beta of 2.44. Alcoa Co. has a 52-week low of $23.80 and a 52-week high of $47.77. The company has a current ratio of 1.41, a quick ratio of 0.80 and a debt-to-equity ratio of 0.47. The company has a fifty day moving average of $42.11 and a 200-day moving average of $38.29.

Alcoa (NYSE:AA - Get Free Report) last posted its quarterly earnings results on Wednesday, October 16th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.34. The firm had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.97 billion. Alcoa had a negative return on equity of 1.45% and a negative net margin of 2.65%. The firm's quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($1.14) earnings per share. Sell-side analysts forecast that Alcoa Co. will post 0.9 EPS for the current fiscal year.

Alcoa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, October 29th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Tuesday, October 29th. Alcoa's dividend payout ratio is presently -22.73%.

Insider Transactions at Alcoa

In related news, EVP Renato Bacchi sold 23,867 shares of Alcoa stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $42.29, for a total transaction of $1,009,335.43. Following the sale, the executive vice president now owns 57,317 shares of the company's stock, valued at $2,423,935.93. The trade was a 29.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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.