Cwm LLC Buys 4,882 Shares of Alcoa Co. (NYSE:AA)

Cwm LLC boosted its position in shares of Alcoa Co. (NYSE:AA) by 133.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,533 shares of the industrial products company’s stock after acquiring an additional 4,882 shares during the period. Cwm LLC’s holdings in Alcoa were worth $329,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Alcoa in the second quarter valued at $296,000. Newbridge Financial Services Group Inc. bought a new stake in Alcoa in the 2nd quarter valued at $27,000. Sanctuary Advisors LLC acquired a new position in shares of Alcoa in the 2nd quarter valued at $304,000. Senator Investment Group LP bought a new position in shares of Alcoa during the 2nd quarter worth about $8,610,000. Finally, William B. Walkup & Associates Inc. acquired a new stake in shares of Alcoa during the 2nd quarter valued at about $102,000. Institutional investors and hedge funds own 82.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AA. UBS Group increased their price target on shares of Alcoa from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. increased their target price on Alcoa from $36.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. BMO Capital Markets boosted their price target on Alcoa from $42.00 to $45.00 and gave the company a “market perform” rating in a research note on Thursday, October 17th. StockNews.com upgraded Alcoa from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, B. Riley Financial restated a “neutral” rating and issued a $41.00 target price on shares of Alcoa in a research note on Tuesday, September 17th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.45.

Alcoa Stock Down 0.5 %

Shares of NYSE AA opened at $41.52 on Tuesday. Alcoa Co. has a 12-month low of $23.07 and a 12-month high of $45.48. The firm’s 50-day simple moving average is $34.96 and its 200 day simple moving average is $36.79. The company has a quick ratio of 0.92, a current ratio of 1.55 and a debt-to-equity ratio of 0.46. The company has a market cap of $7.46 billion, a price-to-earnings ratio of -11.02 and a beta of 2.42.

Alcoa (NYSE:AA) last announced its earnings results on Wednesday, October 16th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.34. The company had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.97 billion. Alcoa had a negative net margin of 5.14% and a negative return on equity of 7.29%. Alcoa’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the business earned ($1.14) earnings per share. On average, research analysts expect that Alcoa Co. will post 0.29 earnings per share for the current fiscal year.

Alcoa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Tuesday, October 29th will be given a $0.10 dividend. The ex-dividend date is Tuesday, October 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.96%. Alcoa’s payout ratio 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.