Great Valley Advisor Group Inc. Purchases 3,910 Shares of Alcoa Co. (NYSE:AA)

Great Valley Advisor Group Inc. increased its position in Alcoa Co. (NYSE:AA) by 32.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,135 shares of the industrial products company’s stock after purchasing an additional 3,910 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Alcoa were worth $622,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in AA. Newbridge Financial Services Group Inc. bought a new position in shares of Alcoa during the second quarter valued at approximately $27,000. UMB Bank n.a. grew its stake in shares of Alcoa by 481.7% in the 3rd quarter. UMB Bank n.a. now owns 762 shares of the industrial products company’s stock worth $29,000 after buying an additional 631 shares during the last quarter. Toronto Dominion Bank increased its position in Alcoa by 1,501.9% during the 1st quarter. Toronto Dominion Bank now owns 1,698 shares of the industrial products company’s stock valued at $57,000 after buying an additional 1,592 shares in the last quarter. Fifth Third Bancorp raised its stake in Alcoa by 15.1% during the second quarter. Fifth Third Bancorp now owns 2,353 shares of the industrial products company’s stock valued at $94,000 after buying an additional 309 shares during the last quarter. Finally, William B. Walkup & Associates Inc. bought a new stake in Alcoa in the second quarter worth $102,000. 82.39% of the stock is currently owned by institutional investors.

Insider Activity at Alcoa

In other Alcoa news, EVP Renato Bacchi sold 23,867 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $42.29, for a total transaction of $1,009,335.43. Following the sale, the executive vice president now owns 57,317 shares in the company, valued at approximately $2,423,935.93. This trade represents a 29.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.08% of the stock is owned by company insiders.

Alcoa Stock Up 0.4 %

AA stock opened at $47.42 on Wednesday. The business’s 50-day moving average is $40.73 and its two-hundred day moving average is $38.02. The company has a market cap of $12.25 billion, a price-to-earnings ratio of -26.81, a P/E/G ratio of 0.87 and a beta of 2.42. Alcoa Co. has a fifty-two week low of $23.80 and a fifty-two week high of $47.77. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.80 and a current ratio of 1.41.

Alcoa (NYSE:AA) last posted its quarterly earnings data on Wednesday, October 16th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.34. Alcoa had a negative net margin of 2.65% and a negative return on equity of 1.45%. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter last year, the firm posted ($1.14) earnings per share. The firm’s revenue was up 11.6% compared to the same quarter last year. As a group, analysts forecast that Alcoa Co. will post 0.89 earnings per share for the current year.

Alcoa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, October 29th were issued a $0.10 dividend. The ex-dividend date was Tuesday, October 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.84%. Alcoa’s dividend payout ratio is currently -22.73%.

Wall Street Analyst Weigh In

AA has been the subject of several recent analyst reports. Morgan Stanley lifted their price target on Alcoa from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. BMO Capital Markets lifted their target price on shares of Alcoa from $42.00 to $45.00 and gave the stock a “market perform” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. upped their target price on shares of Alcoa from $36.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Wolfe Research raised shares of Alcoa from a “peer perform” rating to an “outperform” rating and set a $36.00 price target for the company in a research report on Wednesday, September 4th. Finally, Argus raised Alcoa from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Wednesday, October 23rd. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.75.

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.