Alcoa Co. (NYSE:AA) Shares Acquired by Diversified Trust Co

Diversified Trust Co increased its stake in shares of Alcoa Co. (NYSE:AAFree Report) by 5.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,750 shares of the industrial products company’s stock after purchasing an additional 416 shares during the period. Diversified Trust Co’s holdings in Alcoa were worth $262,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of AA. Tennessee Valley Asset Management Partners purchased a new position in Alcoa in the 4th quarter valued at $31,000. Private Wealth Management Group LLC acquired a new position in Alcoa during the fourth quarter worth about $33,000. Quent Capital LLC grew its stake in Alcoa by 64.2% during 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 in the last quarter. Scarborough Advisors LLC purchased a new stake in Alcoa during the 4th quarter valued at about $39,000. Finally, Quest Partners LLC acquired a new stake in Alcoa in the 4th quarter valued at about $40,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. UBS Group upped their price target on Alcoa from $27.00 to $32.00 and gave the company a “sell” rating in a research report on Friday, April 19th. StockNews.com lowered Alcoa from a “hold” rating to a “sell” rating in a report on Friday, April 19th. Morgan Stanley upgraded shares of Alcoa from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $36.50 to $50.00 in a research report on Friday, June 21st. BMO Capital Markets upped their price objective on Alcoa from $35.00 to $37.00 and gave the company a “market perform” rating in a report on Thursday, April 18th. Finally, Citigroup upped their target price on shares of Alcoa from $32.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $37.33.

Check Out Our Latest Research Report on AA

Alcoa Stock Performance

Shares of AA opened at $42.44 on Friday. The stock has a 50-day simple moving average of $40.08 and a 200-day simple moving average of $34.27. 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 1 year low of $23.07 and a 1 year high of $45.48. The stock has a market capitalization of $7.62 billion, a PE ratio of -11.29 and a beta of 2.45.

Alcoa (NYSE:AAGet Free Report) last posted its quarterly earnings results on Wednesday, April 17th. The industrial products company reported ($0.81) EPS for the quarter, missing the consensus estimate of ($0.62) by ($0.19). Alcoa had a negative return on equity of 8.51% and a negative net margin of 6.41%. The firm had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the firm earned ($0.23) EPS. The company’s revenue was down 2.7% on a year-over-year basis. On average, analysts predict that Alcoa Co. will post 1.23 earnings per share for the current fiscal year.

Alcoa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Tuesday, May 21st were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, May 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.94%. Alcoa’s dividend payout ratio (DPR) is presently -10.64%.

Alcoa Company 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.

Further Reading

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Institutional Ownership by Quarter for Alcoa (NYSE:AA)

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