Alcoa Co. (NYSE:AA) Shares Sold by Larson Financial Group LLC

Larson Financial Group LLC decreased its position in Alcoa Co. (NYSE:AA) by 10.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,048 shares of the industrial products company’s stock after selling 337 shares during the quarter. Larson Financial Group LLC’s holdings in Alcoa were worth $103,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Spire Wealth Management grew its position in Alcoa by 252.5% in the first quarter. Spire Wealth Management now owns 899 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 644 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in Alcoa in the fourth quarter valued at approximately $31,000. Private Wealth Management Group LLC purchased a new position in shares of Alcoa during the 4th quarter valued at approximately $33,000. Quent Capital LLC boosted its stake in shares of Alcoa by 64.2% during the 4th quarter. Quent Capital LLC now owns 990 shares of the industrial products company’s stock valued at $34,000 after buying an additional 387 shares during the last quarter. Finally, Scarborough Advisors LLC purchased a new position in shares of Alcoa during the 4th quarter valued at approximately $39,000.

Alcoa Stock Performance

Shares of NYSE AA traded down $1.86 during midday trading on Wednesday, reaching $38.47. 6,121,045 shares of the company traded hands, compared to its average volume of 5,852,134. Alcoa Co. has a 52 week low of $23.07 and a 52 week high of $45.48. The stock has a 50-day moving average price of $40.27 and a 200 day moving average price of $34.42. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.61 and a quick ratio of 0.93. The company has a market cap of $6.91 billion, a price-to-earnings ratio of -10.57 and a beta of 2.45.

Alcoa (NYSE:AA) last issued its quarterly earnings data on Wednesday, April 17th. The industrial products company reported ($0.81) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.19). Alcoa had a negative net margin of 6.41% and a negative return on equity of 8.51%. The company had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the prior year, the firm earned ($0.23) earnings per share. Alcoa’s revenue for the quarter was down 2.7% compared to the same quarter last year. Sell-side analysts anticipate that Alcoa Co. will post 1.97 earnings per share for the current fiscal year.

Alcoa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Tuesday, May 21st were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Monday, May 20th. Alcoa’s dividend payout ratio (DPR) is presently -10.64%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Jefferies Financial Group increased their target price on Alcoa from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Bank of America increased their target price on Alcoa from $40.00 to $46.00 and gave the company a “neutral” rating in a research note on Wednesday, June 26th. UBS Group raised their price objective on Alcoa from $27.00 to $32.00 and gave the stock a “sell” rating in a research note on Friday, April 19th. B. Riley lifted their price objective on shares of Alcoa from $25.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, April 18th. Finally, Citigroup lifted their price objective on shares of Alcoa from $32.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Alcoa currently has an average rating of “Hold” and an average price target of $37.33.

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.