California State Teachers Retirement System Has $6.50 Million Stock Position in Alcoa Co. (NYSE:AA)

California State Teachers Retirement System decreased its stake in shares of Alcoa Co. (NYSE:AAFree Report) by 4.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 191,268 shares of the industrial products company’s stock after selling 8,118 shares during the quarter. California State Teachers Retirement System owned about 0.11% of Alcoa worth $6,503,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Daiwa Securities Group Inc. raised its stake in Alcoa by 1.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 26,485 shares of the industrial products company’s stock valued at $900,000 after acquiring an additional 338 shares during the period. Quent Capital LLC raised its stake in Alcoa by 64.2% in the 4th quarter. Quent Capital LLC now owns 990 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 387 shares during the period. Yousif Capital Management LLC raised its stake in Alcoa by 0.7% in the 4th quarter. Yousif Capital Management LLC now owns 87,960 shares of the industrial products company’s stock valued at $2,991,000 after acquiring an additional 574 shares during the period. Quadrant Capital Group LLC raised its stake in Alcoa by 56.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,605 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 576 shares during the period. Finally, Apollon Wealth Management LLC raised its stake in Alcoa by 8.8% in the 4th quarter. Apollon Wealth Management LLC now owns 7,758 shares of the industrial products company’s stock valued at $264,000 after acquiring an additional 628 shares during the period. Institutional investors and hedge funds own 82.39% of the company’s stock.

Insider Activity at Alcoa

In related news, EVP Tammi A. Jones sold 26,468 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $30.78, for a total value of $814,685.04. Following the sale, the executive vice president now directly owns 41,166 shares of the company’s stock, valued at $1,267,089.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.08% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AA has been the topic of a number of research analyst reports. UBS Group increased their price target on Alcoa from $27.00 to $32.00 and gave the company a “sell” rating in a research note on Friday, April 19th. Citigroup increased their price objective on Alcoa from $32.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Jefferies Financial Group increased their price objective on Alcoa from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Morgan Stanley upgraded Alcoa from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $28.50 to $36.50 in a research report on Monday, April 22nd. Finally, BMO Capital Markets increased their price objective on Alcoa from $35.00 to $37.00 and gave the stock a “market perform” rating in a research report on Thursday, April 18th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Alcoa has a consensus rating of “Hold” and an average target price of $35.04.

Read Our Latest Analysis on AA

Alcoa Stock Performance

AA opened at $41.17 on Tuesday. The business’s fifty day moving average is $38.58 and its 200-day moving average is $32.52. The firm has a market cap of $7.39 billion, a P/E ratio of -10.95 and a beta of 2.46. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.93 and a current ratio of 1.61. Alcoa Co. has a 52-week low of $23.07 and a 52-week high of $45.48.

Alcoa (NYSE:AAGet Free Report) last released its quarterly earnings data on Wednesday, April 17th. The industrial products company reported ($0.81) earnings per share for the quarter, missing the consensus estimate of ($0.62) by ($0.19). The business had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.55 billion. Alcoa had a negative net margin of 6.41% and a negative return on equity of 8.51%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the business earned ($0.23) earnings per share. Sell-side analysts expect that Alcoa Co. will post 0.2 EPS for the current fiscal year.

Alcoa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Tuesday, May 21st were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Monday, May 20th. Alcoa’s dividend payout ratio (DPR) is presently -10.64%.

Alcoa Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alcoa (NYSE:AA)

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