Alcoa Co. (NYSE:AA) Shares Bought by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of Alcoa Co. (NYSE:AA) by 7.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,013 shares of the industrial products company’s stock after acquiring an additional 1,659 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Alcoa were worth $1,001,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Alcoa during the 4th quarter valued at approximately $29,000. Smartleaf Asset Management LLC lifted its position in shares of Alcoa by 59.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,051 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 393 shares during the period. Quarry LP acquired a new stake in shares of Alcoa during the 3rd quarter valued at approximately $43,000. Continuum Advisory LLC lifted its position in shares of Alcoa by 1,945.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 1,070 shares during the period. Finally, UMB Bank n.a. raised its position in shares of Alcoa by 78.5% during the 4th quarter. UMB Bank n.a. now owns 1,360 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 598 shares during the last quarter. 82.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AA has been the subject of several research reports. JPMorgan Chase & Co. lifted their price objective on Alcoa from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. BMO Capital Markets lifted their price objective on Alcoa to $43.00 and gave the stock a “hold” rating in a research report on Friday, January 17th. Jefferies Financial Group cut their price objective on Alcoa from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, January 6th. B. Riley upgraded Alcoa to a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, Morgan Stanley cut their price objective on Alcoa from $55.00 to $51.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Alcoa has an average rating of “Moderate Buy” and an average target price of $46.55.

Alcoa Stock Up 0.0 %

AA stock opened at $32.84 on Monday. Alcoa Co. has a one year low of $27.12 and a one year high of $47.77. The company has a 50 day moving average price of $35.92 and a two-hundred day moving average price of $37.99. The stock has a market capitalization of $8.50 billion, a P/E ratio of -205.27, a PEG ratio of 0.19 and a beta of 2.55. 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 quarterly earnings data on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, beating 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, sell-side analysts expect that Alcoa Co. will post 4.43 EPS for the current year.

Alcoa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.40 annualized dividend and a dividend yield of 1.22%. Alcoa’s dividend payout ratio is presently -250.00%.

Alcoa Company 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.