Alcoa Co. (NYSE:AA) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its holdings in shares of Alcoa Co. (NYSE:AA) by 4.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,359 shares of the industrial products company’s stock after selling 5,716 shares during the period. Mutual of America Capital Management LLC’s holdings in Alcoa were worth $3,752,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. State Street Corp boosted its stake in Alcoa by 3.4% during the 1st quarter. State Street Corp now owns 8,273,477 shares of the industrial products company’s stock worth $352,119,000 after purchasing an additional 271,387 shares during the period. Morgan Stanley raised its position in Alcoa by 24.9% during the 3rd quarter. Morgan Stanley now owns 5,941,667 shares of the industrial products company’s stock worth $172,665,000 after buying an additional 1,185,323 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Alcoa by 4,737.1% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,578,275 shares of the industrial products company’s stock worth $208,174,000 after buying an additional 4,483,625 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Alcoa during the 1st quarter worth $318,670,000. Finally, Invesco Ltd. raised its position in Alcoa by 7.4% during the 3rd quarter. Invesco Ltd. now owns 3,216,008 shares of the industrial products company’s stock worth $93,457,000 after buying an additional 222,884 shares during the last quarter.

Insiders Place Their Bets

In other Alcoa news, EVP Tammi A. Jones sold 26,468 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $30.78, for a total transaction of $814,685.04. Following the sale, the executive vice president now directly owns 41,166 shares of the company’s stock, valued at approximately $1,267,089.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Analysts Set New Price Targets

AA has been the subject of a number of research analyst reports. Bank of America increased their price target on shares of Alcoa from $31.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, March 18th. JPMorgan Chase & Co. increased their price target on shares of Alcoa from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday, January 18th. StockNews.com upgraded shares of Alcoa from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. BMO Capital Markets cut their price target on shares of Alcoa from $30.00 to $29.00 and set a “market perform” rating for the company in a report on Thursday, January 18th. Finally, Morgan Stanley increased their price target on shares of Alcoa from $27.00 to $29.50 and gave the company an “underweight” rating in a report on Thursday, January 18th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $30.88.

Alcoa Price Performance

Shares of NYSE AA opened at $36.08 on Wednesday. The stock has a market cap of $6.48 billion, a price-to-earnings ratio of -9.88, a PEG ratio of 2.39 and a beta of 2.47. Alcoa Co. has a 52 week low of $23.07 and a 52 week high of $42.23. The company’s 50-day moving average price is $30.65 and its 200 day moving average price is $28.93. The company has a current ratio of 1.45, a quick ratio of 0.74 and a debt-to-equity ratio of 0.30.

Alcoa (NYSE:AA) last released its quarterly earnings results on Wednesday, January 17th. The industrial products company reported ($0.56) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.85) by $0.29. Alcoa had a negative net margin of 6.17% and a negative return on equity of 6.56%. The company had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same period last year, the company earned ($0.70) EPS. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. As a group, research analysts forecast that Alcoa Co. will post 0.31 earnings per share for the current fiscal year.

Alcoa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Tuesday, March 5th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 4th. This represents a $0.40 annualized dividend and a dividend yield of 1.11%. Alcoa’s dividend payout ratio is currently -10.96%.

Alcoa 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.