9,040 Shares in Alcoa Co. (NYSE:AA) Purchased by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC bought a new position in Alcoa Co. (NYSE:AA – Get Rating) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 9,040 shares of the industrial products company’s stock, valued at approximately $304,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in AA. Renaissance Technologies LLC acquired a new stake in shares of Alcoa in the 1st quarter worth about $318,670,000. Assenagon Asset Management S.A. increased its stake in Alcoa by 179.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,760,379 shares of the industrial products company’s stock valued at $80,238,000 after buying an additional 1,130,137 shares during the last quarter. State Street Corp increased its stake in Alcoa by 16.3% in the 2nd quarter. State Street Corp now owns 7,842,113 shares of the industrial products company’s stock valued at $357,444,000 after buying an additional 1,101,643 shares during the last quarter. Menora Mivtachim Holdings LTD. increased its stake in Alcoa by 88.0% in the 2nd quarter. Menora Mivtachim Holdings LTD. now owns 1,558,511 shares of the industrial products company’s stock valued at $71,037,000 after buying an additional 729,299 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in Alcoa by 64,013.9% in the 3rd quarter. Pacer Advisors Inc. now owns 680,249 shares of the industrial products company’s stock valued at $22,897,000 after buying an additional 679,188 shares during the last quarter.

Alcoa Stock Up 2.4 %

AA opened at $54.61 on Tuesday. The company has a 50 day moving average of $46.94 and a 200 day moving average of $45.50. The company has a market cap of $9.66 billion, a PE ratio of -65.01, a price-to-earnings-growth ratio of 1.65 and a beta of 2.41. Alcoa Co. has a 12 month low of $33.55 and a 12 month high of $98.09. The company has a current ratio of 1.81, a quick ratio of 1.00 and a debt-to-equity ratio of 0.25.

Alcoa (NYSE:AA – Get Rating) last posted its earnings results on Wednesday, October 19th. The industrial products company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.42). Alcoa had a positive return on equity of 22.27% and a negative net margin of 0.91%. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.97 billion. During the same quarter in the prior year, the company earned $2.05 earnings per share. The business’s revenue for the quarter was down 8.3% compared to the same quarter last year. On average, sell-side analysts expect that Alcoa Co. will post 4.62 EPS for the current year.

Alcoa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Tuesday, November 1st were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Monday, October 31st. Alcoa’s dividend payout ratio is presently -47.62%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. UBS Group assumed coverage on shares of Alcoa in a research note on Thursday, October 6th. They issued a “neutral” rating and a $43.00 price objective for the company. The Goldman Sachs Group reduced their target price on shares of Alcoa from $75.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, October 13th. StockNews.com assumed coverage on shares of Alcoa in a research report on Wednesday, October 12th. They set a “hold” rating for the company. TheStreet downgraded shares of Alcoa from a “b-” rating to a “c-” rating in a research report on Wednesday, October 19th. Finally, Credit Suisse Group reduced their target price on shares of Alcoa from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday, October 20th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Alcoa has an average rating of “Hold” and an average target price of $69.08.

About Alcoa

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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 three segments: Bauxite, 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.