Private Advisor Group LLC Sells 3,375 Shares of Alcoa Co. (NYSE:AA)

Private Advisor Group LLC decreased its holdings in shares of Alcoa Co. (NYSE:AA) by 22.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,991 shares of the industrial products company’s stock after selling 3,375 shares during the quarter. Private Advisor Group LLC’s holdings in Alcoa were worth $453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of AA. Wealth Enhancement Advisory Services LLC raised its holdings in Alcoa by 68.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 9,130 shares of the industrial products company’s stock valued at $352,000 after acquiring an additional 3,724 shares during the period. State of Alaska Department of Revenue raised its holdings in Alcoa by 55.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 30,005 shares of the industrial products company’s stock valued at $1,157,000 after acquiring an additional 10,726 shares during the period. Nisa Investment Advisors LLC raised its holdings in Alcoa by 44.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 16,642 shares of the industrial products company’s stock valued at $642,000 after acquiring an additional 5,147 shares during the period. New York State Teachers Retirement System raised its holdings in Alcoa by 6.7% during the 3rd quarter. New York State Teachers Retirement System now owns 164,157 shares of the industrial products company’s stock valued at $6,333,000 after acquiring an additional 10,257 shares during the period. Finally, US Bancorp DE raised its holdings in Alcoa by 14.3% during the 3rd quarter. US Bancorp DE now owns 10,482 shares of the industrial products company’s stock valued at $404,000 after acquiring an additional 1,310 shares during the period. Institutional investors own 82.39% of the company’s stock.

Alcoa Stock Down 5.8 %

Shares of NYSE:AA opened at $31.33 on Tuesday. Alcoa Co. has a 52-week low of $26.57 and a 52-week high of $47.77. The firm has a fifty day moving average of $36.41 and a 200 day moving average of $38.02. The firm has a market capitalization of $8.11 billion, a PE ratio of -195.81, a price-to-earnings-growth ratio of 0.19 and a beta of 2.43. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.45.

Alcoa (NYSE:AA) last announced 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 anticipate that Alcoa Co. will post 4.43 EPS for the current fiscal year.

Alcoa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Tuesday, March 4th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.28%. The ex-dividend date is Tuesday, March 4th. Alcoa’s dividend payout ratio is presently -250.00%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Alcoa from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Morgan Stanley reduced their price target on shares of Alcoa from $55.00 to $51.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. BMO Capital Markets boosted their price target on shares of Alcoa to $43.00 and gave the company a “hold” rating in a research report on Friday, January 17th. Bank of America boosted their price target on shares of Alcoa to $58.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, B. Riley upgraded shares of Alcoa to a “strong-buy” rating in a research report on Tuesday, January 21st. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $46.55.

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.