Alcoa Co. (NYSE:AA) Shares Purchased by Hosking Partners LLP

Hosking Partners LLP boosted its holdings in shares of Alcoa Co. (NYSE:AA) by 8.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 562,699 shares of the industrial products company’s stock after buying an additional 45,275 shares during the period. Hosking Partners LLP owned approximately 0.22% of Alcoa worth $21,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in AA. Ballentine Partners LLC lifted its stake in Alcoa by 3.2% during 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 period. Oregon Public Employees Retirement Fund boosted its holdings 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 during the last quarter. Wilmington Savings Fund Society FSB raised its stake in shares of Alcoa by 5.3% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 6,521 shares of the industrial products company’s stock valued at $246,000 after buying an additional 328 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Alcoa by 3.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,469 shares of the industrial products company’s stock valued at $365,000 after buying an additional 339 shares during the period. Finally, CreativeOne Wealth LLC boosted its stake in shares of Alcoa by 4.1% in the third quarter. CreativeOne Wealth LLC now owns 9,114 shares of the industrial products company’s stock worth $352,000 after buying an additional 360 shares during the last quarter. Institutional investors and hedge funds own 82.39% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AA. BMO Capital Markets lifted their price target on Alcoa to $43.00 and gave the company a “hold” rating in a research report on Friday, January 17th. B. Riley upgraded shares of Alcoa to a “strong-buy” rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. raised their price target on shares of Alcoa from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Morgan Stanley lowered their target price on shares of Alcoa from $55.00 to $51.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Finally, Jefferies Financial Group dropped their price objective on Alcoa from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $46.55.

Alcoa Trading Down 0.7 %

Shares of AA stock opened at $33.45 on Friday. Alcoa Co. has a twelve month low of $25.97 and a twelve month high of $47.77. The stock has a market cap of $8.66 billion, a price-to-earnings ratio of -209.04, a PEG ratio of 0.19 and a beta of 2.43. The company’s 50-day moving average price is $36.64 and its 200-day moving average price is $37.92. 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) last released 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%. As a group, equities analysts predict that Alcoa Co. will post 4.43 earnings per share for the current year.

Alcoa Announces Dividend

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 of this dividend is Tuesday, March 4th. This represents a $0.40 dividend on an annualized basis and a yield of 1.20%. Alcoa’s payout ratio is currently -250.00%.

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.