Amundi Sells 194,254 Shares of Alcoa Co. (NYSE:AA)

Amundi decreased its stake in shares of Alcoa Co. (NYSE:AA) by 39.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 293,721 shares of the industrial products company’s stock after selling 194,254 shares during the period. Amundi owned 0.11% of Alcoa worth $10,574,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mountaineer Partners Management LLC boosted its holdings 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 valued at $416,505,000 after purchasing an additional 10,534,036 shares during the period. State Street Corp increased its position in Alcoa by 23.3% during the 3rd quarter. State Street Corp now owns 9,563,645 shares of the industrial products company’s stock worth $368,965,000 after purchasing an additional 1,805,915 shares in the last quarter. Paloma Partners Management Co increased its position in Alcoa by 11,317.8% during the 3rd quarter. Paloma Partners Management Co now owns 1,427,799 shares of the industrial products company’s stock worth $55,084,000 after purchasing an additional 1,415,294 shares in the last quarter. Geode Capital Management LLC increased its position in Alcoa by 42.0% during 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 purchasing an additional 1,239,479 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. acquired a new position in Alcoa during the 3rd quarter worth approximately $36,165,000. Institutional investors own 82.39% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AA shares. B. Riley upgraded shares of Alcoa to a “strong-buy” rating in a research report on Tuesday, January 21st. Bank of America upped 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. Morgan Stanley decreased 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. HC Wainwright upped their price target on shares of Alcoa to $90.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, BMO Capital Markets upped 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. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Alcoa presently has an average rating of “Moderate Buy” and an average target price of $50.17.

Alcoa Trading Up 3.9 %

NYSE:AA opened at $33.56 on Friday. The firm’s fifty day moving average is $35.44 and its 200-day moving average is $37.89. 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 Co. has a 52 week low of $27.12 and a 52 week high of $47.77. The firm has a market cap of $8.69 billion, a P/E ratio of -209.73, a P/E/G ratio of 0.19 and a beta of 2.55.

Alcoa (NYSE:AA) last issued 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%. Equities analysts expect that Alcoa Co. will post 4.43 earnings per share for the current year.

Alcoa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 4th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Tuesday, March 4th. 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.