Diversified Trust Co Has $216,000 Holdings in Alcoa $AA

Diversified Trust Co cut its position in Alcoa (NYSE:AA) by 16.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,314 shares of the industrial products company’s stock after selling 1,432 shares during the quarter. Diversified Trust Co’s holdings in Alcoa were worth $216,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. L1 Capital Pty Ltd acquired a new stake in shares of Alcoa in the first quarter valued at about $52,675,000. Dimensional Fund Advisors LP grew its holdings in Alcoa by 33.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,803,086 shares of the industrial products company’s stock valued at $207,490,000 after buying an additional 1,721,222 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Alcoa in the 2nd quarter valued at approximately $44,151,000. Nuveen LLC acquired a new stake in Alcoa in the 1st quarter valued at approximately $23,339,000. Finally, Deutsche Bank AG grew its stake in shares of Alcoa by 481.2% in the first quarter. Deutsche Bank AG now owns 907,117 shares of the industrial products company’s stock worth $27,667,000 after acquiring an additional 751,053 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AA shares. UBS Group raised their price objective on shares of Alcoa from $31.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday, September 19th. Citigroup upgraded shares of Alcoa to a “buy” rating and set a $42.00 price target on the stock in a research report on Tuesday, July 8th. JPMorgan Chase & Co. decreased their price target on shares of Alcoa from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, July 17th. Bank of America lifted their target price on Alcoa from $26.00 to $27.00 and gave the stock an “underperform” rating in a research report on Thursday, July 17th. Finally, Wall Street Zen downgraded Alcoa from a “buy” rating to a “hold” rating in a research report on Sunday, June 22nd. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Alcoa has a consensus rating of “Hold” and a consensus price target of $42.27.

Alcoa Price Performance

Shares of Alcoa stock opened at $31.23 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.97 and a current ratio of 1.65. The firm’s 50-day simple moving average is $31.16 and its 200-day simple moving average is $29.34. The firm has a market cap of $8.08 billion, a P/E ratio of 8.15, a price-to-earnings-growth ratio of 0.18 and a beta of 2.26. Alcoa has a twelve month low of $21.53 and a twelve month high of $47.77.

Alcoa (NYSE:AA) last announced its quarterly earnings results on Wednesday, July 16th. The industrial products company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.29 by $0.10. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.96 billion. Alcoa had a return on equity of 19.18% and a net margin of 7.86%.Alcoa’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.16 EPS. As a group, research analysts expect that Alcoa will post 4.43 EPS for the current fiscal year.

Alcoa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Tuesday, August 12th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Tuesday, August 12th. Alcoa’s payout ratio is currently 10.44%.

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.