2,826 Shares in Alcoa Co. (NYSE:AA) Acquired by 1620 Investment Advisors Inc.

1620 Investment Advisors Inc. purchased a new position in shares of Alcoa Co. (NYSE:AA) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,826 shares of the industrial products company’s stock, valued at approximately $107,000.

Other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Alcoa during the fourth quarter worth approximately $29,000. Smartleaf Asset Management LLC boosted its holdings in shares of Alcoa by 59.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,051 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 393 shares during the period. Quarry LP acquired a new stake in shares of Alcoa during the third quarter worth approximately $43,000. Continuum Advisory LLC boosted its holdings in shares of Alcoa by 1,945.5% during the third quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 1,070 shares during the period. Finally, UMB Bank n.a. boosted its holdings in shares of Alcoa by 78.5% during the fourth quarter. UMB Bank n.a. now owns 1,360 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 598 shares during the period. 82.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on AA. B. Riley raised shares of Alcoa to a “strong-buy” rating in a research report on Tuesday, January 21st. Jefferies Financial Group decreased their target price on shares of Alcoa from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, January 6th. HC Wainwright boosted their target price on shares of Alcoa to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. Morgan Stanley decreased their target price on shares of Alcoa from $55.00 to $51.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Finally, BMO Capital Markets boosted their target price on shares of Alcoa to $43.00 and gave the stock a “hold” rating in a research report on Friday, January 17th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $50.17.

Alcoa Price Performance

NYSE:AA opened at $33.95 on Friday. The stock has a market cap of $8.79 billion, a P/E ratio of -212.16, a PEG ratio of 0.19 and a beta of 2.55. Alcoa Co. has a one year low of $27.12 and a one year high of $47.77. The company has a fifty day moving average price of $35.29 and a 200 day moving average price of $37.96. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 0.86.

Alcoa (NYSE:AA) last released its 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%. Analysts anticipate 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 was paid on Thursday, March 20th. Investors of record on Tuesday, March 4th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Tuesday, March 4th. Alcoa’s payout ratio is currently -250.00%.

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.