13,050 Shares in Alcoa Co. (NYSE:AA) Bought by 111 Capital

111 Capital purchased a new stake in Alcoa Co. (NYSE:AA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,050 shares of the industrial products company's stock, valued at approximately $493,000.

Other institutional investors have also recently made changes to their positions in the company. Ausbil Investment Management Ltd bought a new stake in shares of Alcoa in the 4th quarter valued at about $429,000. Rheos Capital Works Inc. bought a new stake in shares of Alcoa in the 4th quarter valued at about $2,002,000. Drummond Knight Asset Management Pty Ltd bought a new stake in shares of Alcoa in the 4th quarter valued at about $19,646,000. Corient Private Wealth LLC boosted its position in shares of Alcoa by 4.6% during the 4th quarter. Corient Private Wealth LLC now owns 21,602 shares of the industrial products company's stock valued at $816,000 after purchasing an additional 948 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Alcoa by 1.6% during the 4th quarter. Rhumbline Advisers now owns 688,784 shares of the industrial products company's stock valued at $26,022,000 after purchasing an additional 11,094 shares in the last quarter. Institutional investors own 82.39% of the company's stock.

Analysts Set New Price Targets

AA has been the topic of several research analyst reports. Bank of America restated an "underperform" rating and set a $26.00 target price (down previously from $58.00) on shares of Alcoa in a research report on Tuesday, April 8th. UBS Group restated a "neutral" rating and set a $31.00 target price on shares of Alcoa in a research report on Thursday, May 15th. JPMorgan Chase & Co. cut their target price on Alcoa from $28.00 to $25.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Barclays upped their target price on Alcoa to $31.00 and gave the company a "hold" rating in a research report on Friday, May 16th. Finally, Wall Street Zen lowered Alcoa from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $42.50.

Alcoa Stock Up 4.0%

AA stock traded up $1.06 during trading on Tuesday, reaching $27.66. 9,002,499 shares of the stock were exchanged, compared to its average volume of 5,529,425. The firm's 50 day moving average is $26.42 and its 200 day moving average is $33.70. Alcoa Co. has a twelve month low of $21.53 and a twelve month high of $47.77. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. The firm has a market cap of $7.16 billion, a P/E ratio of -172.84, a price-to-earnings-growth ratio of 0.19 and a beta of 2.29.

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

Alcoa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Tuesday, May 20th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.45%. Alcoa's dividend payout ratio is presently 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.