SBI Securities Co. Ltd. Invests $29,000 in Alcoa Co. (NYSE:AA)

SBI Securities Co. Ltd. acquired a new position in Alcoa Co. (NYSE:AA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 761 shares of the industrial products company’s stock, valued at approximately $29,000.

Other institutional investors have also recently made changes to their positions in the company. Retirement Systems of Alabama raised its stake in Alcoa by 41.6% in the 3rd quarter. Retirement Systems of Alabama now owns 313,822 shares of the industrial products company’s stock worth $12,107,000 after acquiring an additional 92,201 shares during the last quarter. ING Groep NV purchased a new position in Alcoa in the 3rd quarter worth $10,201,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Alcoa by 6.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 628,116 shares of the industrial products company’s stock worth $24,233,000 after acquiring an additional 36,869 shares during the last quarter. Mountaineer Partners Management LLC raised its stake in Alcoa by 4,023.0% in the 3rd quarter. Mountaineer Partners Management LLC now owns 10,795,880 shares of the industrial products company’s stock worth $416,505,000 after acquiring an additional 10,534,036 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Alcoa by 42.0% in the 3rd quarter. Geode Capital Management LLC now owns 4,193,744 shares of the industrial products company’s stock worth $161,838,000 after acquiring an additional 1,239,479 shares during the last quarter. Institutional investors and hedge funds own 82.39% of the company’s stock.

Alcoa Price Performance

Shares of Alcoa stock opened at $33.28 on Thursday. 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 Co. has a twelve month low of $27.12 and a twelve month high of $47.77. The business has a 50-day moving average price of $35.59 and a 200 day moving average price of $37.94. The firm has a market cap of $8.61 billion, a PE ratio of -207.97, a P/E/G ratio of 0.19 and a beta of 2.55.

Alcoa (NYSE:AA) last announced its quarterly earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.13. Alcoa had a return on equity of 5.54% and a net margin of 0.50%. Sell-side analysts predict that Alcoa Co. will post 4.43 earnings per share for the current fiscal year.

Alcoa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 4th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Tuesday, March 4th. Alcoa’s payout ratio is -250.00%.

Analyst Ratings Changes

AA has been the subject of a number of research analyst reports. Bank of America raised their target price on Alcoa to $58.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Jefferies Financial Group reduced their target price on Alcoa from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, January 6th. HC Wainwright lifted their price objective on Alcoa to $90.00 and gave the company a “buy” rating in a research note on Tuesday. Morgan Stanley reduced their price objective on Alcoa from $55.00 to $51.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. lifted their price objective on Alcoa from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.17.

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.