Dimensional Fund Advisors LP Cuts Stock Position in Alcoa Co. (NYSE:AA)

Dimensional Fund Advisors LP trimmed its position in shares of Alcoa Co. (NYSE:AA - Free Report) by 29.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,081,864 shares of the industrial products company's stock after selling 2,090,984 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.97% of Alcoa worth $191,986,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. grew its position in shares of Alcoa by 77.1% in the 4th quarter. Bessemer Group Inc. now owns 680 shares of the industrial products company's stock valued at $26,000 after buying an additional 296 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Alcoa in the fourth quarter valued at approximately $29,000. Smartleaf Asset Management LLC increased its position in Alcoa by 59.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,051 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 393 shares during the period. UMB Bank n.a. raised its holdings in Alcoa by 78.5% during the 4th quarter. UMB Bank n.a. now owns 1,360 shares of the industrial products company's stock worth $51,000 after purchasing an additional 598 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Alcoa by 399.0% in the 4th quarter. GAMMA Investing LLC now owns 1,447 shares of the industrial products company's stock worth $55,000 after purchasing an additional 1,157 shares during the period. Institutional investors and hedge funds own 82.39% of the company's stock.

Alcoa Stock Down 0.8 %

NYSE AA traded down $0.20 during trading hours on Tuesday, hitting $25.36. The company's stock had a trading volume of 1,715,740 shares, compared to its average volume of 5,424,394. The company has a market capitalization of $6.57 billion, a PE ratio of -158.24, a price-to-earnings-growth 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 52 week low of $21.53 and a 52 week high of $47.77. The company's 50-day simple moving average is $29.70 and its two-hundred day simple moving average is $36.34.

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 (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.42. The company had revenue of $3.37 billion for the quarter, compared to analysts' expectations of $3.58 billion. Alcoa had a return on equity of 5.54% and a net margin of 0.50%. Research analysts anticipate that Alcoa Co. will post 4.43 EPS for the current fiscal year.

Alcoa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 4th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date was Tuesday, March 4th. Alcoa's payout ratio is currently 12.05%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AA. BMO Capital Markets lifted their target price on shares of Alcoa to $43.00 and gave the stock a "hold" rating in a research note on Friday, January 17th. StockNews.com raised Alcoa from a "hold" rating to a "buy" rating in a research note on Friday, April 18th. B. Riley decreased their target price on Alcoa from $44.00 to $43.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Q1 EBITDA beat expectations, Q2 EBITDA estimate raised to 439M from 351M Bank of America reissued an "underperform" rating and issued a $26.00 price target (down from $58.00) on shares of Alcoa in a research note on Tuesday, April 8th. Finally, Jefferies Financial Group reduced their price objective on shares of Alcoa from $50.00 to $45.00 and set a "buy" rating for the company in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $44.17.

About Alcoa

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.