Blair William & Co. IL Has $2.29 Million Stock Holdings in Alcoa Co. (NYSE:AA)

Blair William & Co. IL raised its position in Alcoa Co. (NYSE:AA) by 836.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,630 shares of the industrial products company’s stock after purchasing an additional 51,477 shares during the period. Blair William & Co. IL’s holdings in Alcoa were worth $2,293,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. Fifth Third Bancorp raised its holdings in Alcoa by 15.1% during the 2nd quarter. Fifth Third Bancorp now owns 2,353 shares of the industrial products company’s stock worth $94,000 after buying an additional 309 shares during the period. Diversified Trust Co boosted its stake in Alcoa by 5.7% in the 1st quarter. Diversified Trust Co now owns 7,750 shares of the industrial products company’s stock worth $262,000 after purchasing an additional 416 shares during the period. Quadrant Capital Group LLC increased its holdings in Alcoa by 56.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,605 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 576 shares in the last quarter. CWM LLC increased its holdings in Alcoa by 19.5% during the 2nd quarter. CWM LLC now owns 3,651 shares of the industrial products company’s stock worth $145,000 after purchasing an additional 596 shares in the last quarter. Finally, New York State Teachers Retirement System raised its stake in shares of Alcoa by 0.4% in the 1st quarter. New York State Teachers Retirement System now owns 153,900 shares of the industrial products company’s stock valued at $5,200,000 after purchasing an additional 600 shares during the period. Institutional investors own 82.39% of the company’s stock.

Analyst Upgrades and Downgrades

AA has been the subject of several recent research reports. Morgan Stanley decreased their price objective on Alcoa from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. B. Riley lifted their price objective on shares of Alcoa from $37.00 to $41.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Bank of America cut their price target on shares of Alcoa from $46.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, July 18th. StockNews.com cut shares of Alcoa from a “hold” rating to a “sell” rating in a research note on Friday. Finally, B. Riley Financial reaffirmed a “neutral” rating and issued a $41.00 target price on shares of Alcoa in a report on Tuesday, September 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Alcoa currently has a consensus rating of “Hold” and a consensus price target of $40.45.

Alcoa Price Performance

Alcoa stock opened at $33.83 on Monday. The company has a market capitalization of $6.07 billion, a price-to-earnings ratio of -9.00 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 Co. has a 12 month low of $23.07 and a 12 month high of $45.48. The stock’s 50 day moving average is $32.51 and its 200-day moving average is $35.77.

Alcoa (NYSE:AA) last issued its quarterly earnings data on Wednesday, July 17th. The industrial products company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05. The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.84 billion. Alcoa had a negative return on equity of 7.29% and a negative net margin of 5.14%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.35) EPS. Equities research analysts expect that Alcoa Co. will post 0.7 EPS for the current year.

Alcoa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Monday, August 12th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.18%. The ex-dividend date was Monday, August 12th. Alcoa’s dividend payout ratio (DPR) is -10.64%.

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.