Vanguard Personalized Indexing Management LLC Has $1.09 Million Holdings in Alcoa Co. (NYSE:AA)

Vanguard Personalized Indexing Management LLC grew its stake in Alcoa Co. (NYSE:AA) by 17.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,426 shares of the industrial products company’s stock after purchasing an additional 4,102 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Alcoa were worth $1,090,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AA. Dimensional Fund Advisors LP boosted its position in shares of Alcoa by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,665,106 shares of the industrial products company’s stock valued at $265,132,000 after acquiring an additional 390,930 shares in the last quarter. ANTIPODES PARTNERS Ltd bought a new stake in shares of Alcoa in the 2nd quarter valued at approximately $93,061,000. L1 Capital Pty Ltd acquired a new position in shares of Alcoa in the 1st quarter worth approximately $72,658,000. Capital Research Global Investors lifted its position in shares of Alcoa by 29.8% during the 1st quarter. Capital Research Global Investors now owns 2,067,742 shares of the industrial products company’s stock worth $69,869,000 after buying an additional 475,000 shares during the period. Finally, ARGA Investment Management LP boosted its stake in Alcoa by 202.2% in the 1st quarter. ARGA Investment Management LP now owns 1,491,544 shares of the industrial products company’s stock valued at $50,399,000 after buying an additional 997,912 shares in the last quarter. Institutional investors and hedge funds own 82.39% of the company’s stock.

Alcoa Trading Up 1.1 %

AA opened at $34.21 on Tuesday. The firm’s fifty day simple moving average is $32.40 and its 200 day simple moving average is $35.80. Alcoa Co. has a 12 month low of $23.07 and a 12 month high of $45.48. The stock has a market capitalization of $6.14 billion, a P/E ratio of -9.10 and a beta of 2.42. The company has a current ratio of 1.55, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46.

Alcoa (NYSE:AA) last announced its earnings results on Wednesday, July 17th. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05. Alcoa had a negative return on equity of 7.29% and a negative net margin of 5.14%. The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter last year, the firm earned ($0.35) EPS. Alcoa’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, research analysts anticipate that Alcoa Co. will post 0.7 EPS for the current fiscal year.

Alcoa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Monday, August 12th were paid a $0.10 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.40 annualized dividend and a yield of 1.17%. Alcoa’s payout ratio is currently -10.64%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. B. Riley Financial reiterated a “neutral” rating and set a $41.00 price objective on shares of Alcoa in a research note on Tuesday, September 17th. B. Riley boosted their price target on shares of Alcoa from $37.00 to $41.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. UBS Group raised their price objective on shares of Alcoa from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. StockNews.com cut shares of Alcoa from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Bank of America decreased their price target on Alcoa from $46.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, July 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Alcoa has an average rating of “Hold” and an average price target of $40.45.

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.