Alcoa Co. (NYSE:AA) Shares Sold by Lido Advisors LLC

Lido Advisors LLC lessened its holdings in Alcoa Co. (NYSE:AA - Free Report) by 32.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,581 shares of the industrial products company's stock after selling 10,243 shares during the quarter. Lido Advisors LLC's holdings in Alcoa were worth $815,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Alcoa during the fourth quarter valued at approximately $259,273,000. Northern Trust Corp lifted its position in shares of Alcoa by 46.8% during the 4th quarter. Northern Trust Corp now owns 2,549,608 shares of the industrial products company's stock valued at $96,324,000 after acquiring an additional 813,214 shares during the last quarter. ARGA Investment Management LP boosted its stake in shares of Alcoa by 29.6% during the 4th quarter. ARGA Investment Management LP now owns 2,998,311 shares of the industrial products company's stock worth $113,276,000 after acquiring an additional 684,505 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Alcoa by 488.2% in the 4th quarter. Wellington Management Group LLP now owns 802,547 shares of the industrial products company's stock worth $30,320,000 after acquiring an additional 666,117 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Alcoa by 96.1% during the fourth quarter. Victory Capital Management Inc. now owns 1,065,125 shares of the industrial products company's stock worth $40,240,000 after purchasing an additional 522,039 shares during the period. Institutional investors own 82.39% of the company's stock.

Alcoa Trading Up 4.3 %

NYSE:AA opened at $25.59 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.45. The company has a market capitalization of $6.62 billion, a P/E ratio of -159.94, a P/E/G ratio of 0.19 and a beta of 2.28. The stock's 50 day moving average price is $28.87 and its 200 day moving average price is $35.91. Alcoa Co. has a 52 week low of $21.53 and a 52 week high of $47.77.

Alcoa (NYSE:AA - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.42. Alcoa had a net margin of 0.50% and a return on equity of 5.54%. The business had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.58 billion. On average, research analysts forecast that Alcoa Co. will post 4.43 EPS for the current fiscal year.

Alcoa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 4th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, March 4th. This represents a $0.40 annualized dividend and a yield of 1.56%. Alcoa's dividend payout ratio (DPR) is presently 12.05%.

Wall Street Analyst Weigh In

AA has been the topic of a number of analyst reports. UBS Group dropped their price target on Alcoa from $47.00 to $32.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. BMO Capital Markets boosted their price target on shares of Alcoa to $43.00 and gave the company a "hold" rating in a report on Friday, January 17th. Jefferies Financial Group decreased their price objective on shares of Alcoa from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Morgan Stanley cut their target price on shares of Alcoa from $55.00 to $51.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 28th. Finally, Bank of America reaffirmed an "underperform" rating and issued a $26.00 target price (down previously from $58.00) on shares of Alcoa in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $44.17.

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.

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