Banco Bilbao Vizcaya Argentaria S.A. Buys Shares of 35,357 Alcoa Co. (NYSE:AA)

Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in Alcoa Co. (NYSE:AA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 35,357 shares of the industrial products company's stock, valued at approximately $1,335,000.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Alcoa in the fourth quarter valued at approximately $259,273,000. ARGA Investment Management LP grew its stake in shares of Alcoa by 29.6% in the fourth 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 stake in shares of Alcoa by 488.2% in the fourth 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 in the last quarter. Victory Capital Management Inc. increased 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 acquiring an additional 522,039 shares during the period. Finally, Federated Hermes Inc. raised its stake in shares of Alcoa by 395.3% in the fourth quarter. Federated Hermes Inc. now owns 454,507 shares of the industrial products company's stock valued at $17,171,000 after acquiring an additional 362,737 shares in the last quarter. Hedge funds and other institutional investors own 82.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on AA shares. StockNews.com raised Alcoa from a "hold" rating to a "buy" rating in a research note on Friday, April 18th. Morgan Stanley lowered their price objective on Alcoa from $55.00 to $51.00 and set an "overweight" rating for the company in a research report on Tuesday, January 28th. BMO Capital Markets raised their target price on shares of Alcoa to $43.00 and gave the company a "hold" rating in a report on Friday, January 17th. HC Wainwright boosted their price target on shares of Alcoa to $90.00 and gave the stock a "buy" rating in a report on Tuesday, March 11th. Finally, UBS Group reduced their price objective on shares of Alcoa from $47.00 to $32.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $44.17.

Alcoa Stock Performance

Shares of NYSE AA traded down $0.07 during trading hours on Thursday, reaching $24.46. The stock had a trading volume of 5,124,055 shares, compared to its average volume of 5,427,070. The firm has a 50-day moving average of $29.26 and a 200-day moving average of $36.18. The firm has a market cap of $6.33 billion, a price-to-earnings ratio of -152.89, a PEG ratio of 0.19 and a beta of 2.28. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. Alcoa Co. has a fifty-two week low of $21.53 and a fifty-two week high of $47.77.

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

Alcoa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 4th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.64%. The ex-dividend date was Tuesday, March 4th. Alcoa's payout ratio is 12.05%.

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.