Alcoa $AA Holdings Cut by BW Gestao de Investimentos Ltda.

BW Gestao de Investimentos Ltda. lowered its holdings in Alcoa (NYSE:AA) by 88.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,455 shares of the industrial products company’s stock after selling 612,545 shares during the period. BW Gestao de Investimentos Ltda.’s holdings in Alcoa were worth $4,116,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AA. Mirabella Financial Services LLP lifted its holdings in Alcoa by 12,233.1% in the third quarter. Mirabella Financial Services LLP now owns 40,082,462 shares of the industrial products company’s stock worth $1,318,312,000 after acquiring an additional 39,757,462 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Alcoa by 13.5% during the third quarter. Dimensional Fund Advisors LP now owns 11,118,560 shares of the industrial products company’s stock valued at $365,710,000 after buying an additional 1,322,540 shares during the last quarter. Norges Bank bought a new stake in Alcoa during the 4th quarter valued at $67,582,000. Man Group plc boosted its position in Alcoa by 12,588.2% during the 3rd quarter. Man Group plc now owns 1,164,902 shares of the industrial products company’s stock worth $38,314,000 after acquiring an additional 1,155,721 shares during the period. Finally, L1 Capital Pty Ltd boosted its position in Alcoa by 22.3% during the 3rd quarter. L1 Capital Pty Ltd now owns 5,887,699 shares of the industrial products company’s stock worth $193,646,000 after acquiring an additional 1,073,357 shares during the period.

Alcoa Price Performance

Shares of NYSE:AA opened at $83.84 on Wednesday. The company’s fifty day moving average is $67.05 and its two-hundred day moving average is $59.18. The company has a quick ratio of 0.88, a current ratio of 1.48 and a debt-to-equity ratio of 0.36. Alcoa has a 12-month low of $25.94 and a 12-month high of $84.38. The company has a market cap of $22.12 billion, a P/E ratio of 21.22 and a beta of 1.56.

Alcoa (NYSE:AA) last announced its earnings results on Thursday, April 16th. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.20). Alcoa had a net margin of 8.27% and a return on equity of 12.57%. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same period last year, the firm earned $2.15 earnings per share. Alcoa’s revenue for the quarter was down 5.2% compared to the same quarter last year. Equities analysts expect that Alcoa will post 7.95 earnings per share for the current fiscal year.

Alcoa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Tuesday, May 19th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, May 19th. Alcoa’s dividend payout ratio is presently 10.13%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Argus set a $73.00 price target on Alcoa in a research report on Monday, April 27th. BMO Capital Markets boosted their target price on Alcoa from $65.00 to $75.00 and gave the stock a “market perform” rating in a report on Thursday, April 9th. UBS Group raised Alcoa from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $75.00 to $80.00 in a report on Friday, May 22nd. Wells Fargo & Company set a $68.00 price target on Alcoa in a report on Thursday, March 12th. Finally, Zacks Research cut Alcoa from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $68.60.

Alcoa Profile

Alcoa Corporation is a global industry leader in the production and management of aluminum, offering an integrated value chain that spans bauxite mining, alumina refining, primary aluminum smelting and the fabrication of value-added products. The company’s operations are organized into segments that include raw material extraction, chemical processing and the manufacture of metal mill products and engineered solutions.

Alcoa’s product portfolio serves diverse end markets such as aerospace, automotive, packaging, construction, electrical and industrial applications.