Charles Schwab Investment Management Inc. Grows Position in Alcoa Co. (NYSE:AA)

Charles Schwab Investment Management Inc. raised its holdings in shares of Alcoa Co. (NYSE:AA) by 0.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,892,234 shares of the industrial products company’s stock after purchasing an additional 3,644 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.73% of Alcoa worth $71,489,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Gryphon Financial Partners LLC lifted its holdings in shares of Alcoa by 8.5% in the fourth quarter. Gryphon Financial Partners LLC now owns 7,834 shares of the industrial products company’s stock worth $296,000 after buying an additional 616 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Alcoa in the fourth quarter worth about $29,000. Smartleaf Asset Management LLC lifted its holdings in shares of Alcoa by 59.7% in the fourth 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. Levin Capital Strategies L.P. purchased a new stake in Alcoa in the fourth quarter valued at approximately $216,000. Finally, U S Global Investors Inc. purchased a new stake in Alcoa in the fourth quarter valued at approximately $189,000. 82.39% of the stock is owned by hedge funds and other institutional investors.

Alcoa Trading Up 3.1 %

Alcoa stock opened at $31.93 on Wednesday. The firm has a 50 day moving average of $35.68 and a 200 day moving average of $37.97. The firm has a market capitalization of $8.27 billion, a price-to-earnings ratio of -199.54, a P/E/G ratio of 0.19 and a beta of 2.55. Alcoa Co. has a 12-month low of $27.12 and a 12-month high of $47.77. 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 earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, topping 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, research analysts predict that Alcoa Co. will post 4.43 earnings per share for the current year.

Alcoa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.25%. Alcoa’s dividend payout ratio is currently -250.00%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AA. B. Riley raised shares of Alcoa to a “strong-buy” rating in a research note on Tuesday, January 21st. Bank of America raised their target price on shares of Alcoa to $58.00 and gave the company a “buy” rating in a research note on Friday, January 24th. 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. BMO Capital Markets raised their target price on shares of Alcoa to $43.00 and gave the company a “hold” rating in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. raised their target price on shares of Alcoa from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Alcoa currently has an average rating of “Moderate Buy” and a consensus price target of $50.17.

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.