Alcoa Co. (NYSE:AA) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in shares of Alcoa Co. (NYSE:AA) by 0.9% in the 4th quarter, Holdings Channel reports. The firm owned 4,232,766 shares of the industrial products company’s stock after acquiring an additional 39,022 shares during the quarter. Geode Capital Management LLC’s holdings in Alcoa were worth $159,966,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in AA. Ballentine Partners LLC lifted its position in 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 purchasing an additional 279 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Alcoa by 0.6% during 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 buying an additional 300 shares during the last quarter. Wilmington Savings Fund Society FSB raised its holdings in shares of Alcoa by 5.3% during 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 buying an additional 328 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Alcoa by 3.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,469 shares of the industrial products company’s stock worth $365,000 after buying an additional 339 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in Alcoa by 59.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,051 shares of the industrial products company’s stock worth $39,000 after buying an additional 393 shares in the last quarter. 82.39% of the stock is currently owned by institutional investors and hedge funds.

Alcoa Stock Performance

AA opened at $24.58 on Tuesday. The business has a fifty day simple moving average of $33.58 and a 200-day simple moving average of $37.95. The firm has a market cap of $6.36 billion, a PE ratio of -153.59, a P/E/G ratio of 0.19 and a beta of 2.28. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 0.48. Alcoa Co. has a fifty-two week low of $23.02 and a fifty-two week high of $47.77.

Alcoa (NYSE:AA) last issued its quarterly earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates 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, equities analysts predict that Alcoa Co. will post 4.43 EPS for the current fiscal year.

Alcoa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 4th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Tuesday, March 4th. Alcoa’s dividend payout ratio is -250.00%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AA. Morgan Stanley cut their target price on Alcoa from $55.00 to $51.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. HC Wainwright lifted their price objective on shares of Alcoa to $90.00 and gave the company a “buy” rating in a research note on Tuesday, March 11th. Bank of America increased their target price on shares of Alcoa to $58.00 and gave the company a “buy” rating in a research report on Friday, January 24th. BMO Capital Markets boosted their price target on shares of Alcoa to $43.00 and gave the stock a “hold” rating in a research report on Friday, January 17th. Finally, UBS Group decreased their price objective on shares of Alcoa from $53.00 to $47.00 and set a “buy” rating for the company in a report on Thursday, March 27th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.92.

Alcoa 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.