Fiduciary Alliance LLC Makes New Investment in Alcoa Co. (NYSE:AA)

Fiduciary Alliance LLC bought a new position in shares of Alcoa Co. (NYSE:AA) during the fourth quarter, Holdings Channel.com reports. The firm bought 30,357 shares of the industrial products company’s stock, valued at approximately $1,147,000.

Several other institutional investors have also recently made changes to their positions in AA. Newbridge Financial Services Group Inc. purchased a new position in Alcoa during the 2nd quarter valued at about $27,000. UMB Bank n.a. increased its stake in shares of Alcoa by 481.7% during the third quarter. UMB Bank n.a. now owns 762 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 631 shares in the last quarter. Quarry LP purchased a new position in shares of Alcoa during the third quarter valued at approximately $43,000. Continuum Advisory LLC boosted its position in shares of Alcoa by 1,945.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 1,070 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Alcoa by 399.0% in the 4th quarter. GAMMA Investing LLC now owns 1,447 shares of the industrial products company’s stock worth $55,000 after buying an additional 1,157 shares during the last quarter. Institutional investors own 82.39% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. UBS Group boosted their target price on Alcoa from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Morgan Stanley upped their price target on shares of Alcoa from $48.00 to $49.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Jefferies Financial Group reduced their price objective on shares of Alcoa from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, January 6th. JPMorgan Chase & Co. increased their price target on shares of Alcoa from $36.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, Argus raised shares of Alcoa from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $46.45.

Insider Buying and Selling at Alcoa

In other Alcoa news, EVP Renato Bacchi sold 23,867 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $42.29, for a total value of $1,009,335.43. Following the completion of the sale, the executive vice president now owns 57,317 shares in the company, valued at $2,423,935.93. This represents a 29.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.08% of the stock is owned by corporate insiders.

Alcoa Price Performance

NYSE AA opened at $36.42 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.41 and a quick ratio of 0.80. Alcoa Co. has a 1-year low of $24.86 and a 1-year high of $47.77. The stock has a market capitalization of $9.41 billion, a price-to-earnings ratio of -20.69, a PEG ratio of 0.79 and a beta of 2.47. The business’s fifty day moving average price is $41.20 and its 200-day moving average price is $37.80.

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 the consensus estimate of $0.23 by $0.34. Alcoa had a negative return on equity of 1.45% and a negative net margin of 2.65%. The business had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.97 billion. During the same period last year, the firm posted ($1.14) earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, equities analysts predict that Alcoa Co. will post 0.9 earnings per share for the current year.

Alcoa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, October 29th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, October 29th. This represents a $0.40 dividend on an annualized basis and a yield of 1.10%. Alcoa’s dividend payout ratio is currently -22.73%.

Alcoa 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.