Alcoa Co. (NYSE:AA) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. grew its position in shares of Alcoa Co. (NYSE:AA) by 8.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,179 shares of the industrial products company’s stock after purchasing an additional 1,069 shares during the period. D.A. Davidson & CO.’s holdings in Alcoa were worth $536,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Quarry LP acquired a new stake in shares of Alcoa in the third quarter worth approximately $43,000. Continuum Advisory LLC boosted its position in shares of Alcoa by 1,945.5% in the third quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 1,070 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Alcoa by 78.5% in the fourth quarter. UMB Bank n.a. now owns 1,360 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 598 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Alcoa by 399.0% in the fourth quarter. GAMMA Investing LLC now owns 1,447 shares of the industrial products company’s stock worth $55,000 after acquiring an additional 1,157 shares during the last quarter. Finally, Millburn Ridgefield Corp acquired a new stake in shares of Alcoa in the third quarter worth approximately $89,000.

Alcoa Trading Down 1.9 %

AA opened at $34.37 on Wednesday. The firm has a market capitalization of $8.90 billion, a P/E ratio of -214.82, a P/E/G ratio of 0.19 and a beta of 2.43. The firm’s 50 day moving average is $36.78 and its 200-day moving average is $37.98. Alcoa Co. has a 52-week low of $24.86 and a 52-week high of $47.77. 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 (NYSE:AA) last issued its quarterly earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.13. Alcoa had a net margin of 0.50% and a return on equity of 5.54%. Analysts expect that Alcoa Co. will post 4.43 EPS for the current fiscal year.

Alcoa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 4th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.16%. Alcoa’s dividend payout ratio (DPR) is presently -250.00%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AA shares. Bank of America raised their target price on shares of Alcoa to $58.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. raised their target price on shares of Alcoa from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Jefferies Financial Group cut their price target on shares of Alcoa from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, January 6th. BMO Capital Markets raised their price target on shares of Alcoa to $43.00 and gave the company a “hold” rating in a report on Friday, January 17th. Finally, Morgan Stanley cut their price target on shares of Alcoa from $55.00 to $51.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Four 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.55.

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.