Creative Planning Has $825,000 Stock Position in Alcoa $AA

Creative Planning cut its stake in shares of Alcoa (NYSE:AA) by 4.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,944 shares of the industrial products company’s stock after selling 1,262 shares during the period. Creative Planning’s holdings in Alcoa were worth $825,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its stake in Alcoa by 350.9% in the second quarter. SG Americas Securities LLC now owns 130,555 shares of the industrial products company’s stock valued at $3,853,000 after buying an additional 101,600 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Alcoa by 7.7% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 66,515 shares of the industrial products company’s stock valued at $1,963,000 after acquiring an additional 4,758 shares during the period. Police & Firemen s Retirement System of New Jersey boosted its stake in Alcoa by 7.9% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 97,775 shares of the industrial products company’s stock worth $2,885,000 after acquiring an additional 7,151 shares during the last quarter. Horrell Capital Management Inc. bought a new position in Alcoa during the 2nd quarter worth approximately $30,000. Finally, Geode Capital Management LLC grew its holdings in Alcoa by 4.8% during the second quarter. Geode Capital Management LLC now owns 4,637,897 shares of the industrial products company’s stock valued at $136,898,000 after purchasing an additional 211,141 shares during the period.

Alcoa Stock Down 0.2%

NYSE:AA opened at $41.64 on Tuesday. The stock has a 50-day simple moving average of $36.80 and a 200 day simple moving average of $32.45. Alcoa has a 52-week low of $21.53 and a 52-week high of $46.78. The company has a market cap of $10.78 billion, a PE ratio of 9.62, a PEG ratio of 0.22 and a beta of 1.99. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.91 and a current ratio of 1.56.

Alcoa (NYSE:AA) last released its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.13. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $3.03 billion. Alcoa had a return on equity of 15.85% and a net margin of 8.91%.The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.57 EPS. On average, sell-side analysts expect that Alcoa will post 4.43 EPS for the current fiscal year.

Alcoa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Tuesday, November 4th were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, November 4th. This represents a $0.40 dividend on an annualized basis and a yield of 1.0%. Alcoa’s dividend payout ratio (DPR) is 9.24%.

Wall Street Analysts Forecast Growth

AA has been the topic of several analyst reports. HSBC increased their target price on shares of Alcoa from $33.00 to $41.00 and gave the stock a “buy” rating in a report on Friday, October 17th. JPMorgan Chase & Co. raised their price objective on Alcoa from $34.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. UBS Group boosted their target price on Alcoa from $31.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, September 19th. Zacks Research upgraded Alcoa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 25th. Finally, BMO Capital Markets lifted their price objective on Alcoa from $35.00 to $37.00 and gave the company a “market perform” rating in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.35.

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.