Alcoa (NYSE:AA) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC boosted its position in shares of Alcoa (NYSE:AA - Free Report) by 110.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,953 shares of the industrial products company's stock after buying an additional 14,145 shares during the quarter. Natixis Advisors LLC's holdings in Alcoa were worth $822,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AA. Bessemer Group Inc. boosted its position in Alcoa by 77.1% during the fourth quarter. Bessemer Group Inc. now owns 680 shares of the industrial products company's stock worth $26,000 after acquiring an additional 296 shares during the last quarter. Versant Capital Management Inc boosted its stake in Alcoa by 134.7% during the first quarter. Versant Capital Management Inc now owns 906 shares of the industrial products company's stock worth $28,000 after buying an additional 520 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in Alcoa in the 4th quarter valued at $36,000. Montag A & Associates Inc. acquired a new stake in shares of Alcoa in the 1st quarter worth $40,000. Finally, Continuum Advisory LLC raised its holdings in shares of Alcoa by 30.7% during the 4th quarter. Continuum Advisory LLC now owns 1,470 shares of the industrial products company's stock worth $56,000 after acquiring an additional 345 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AA. Wall Street Zen lowered shares of Alcoa from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. UBS Group restated a "neutral" rating and set a $31.00 price target on shares of Alcoa in a report on Thursday, May 15th. Bank of America upped their price objective on Alcoa from $26.00 to $27.00 and gave the company an "underperform" rating in a report on Thursday, July 17th. Barclays raised their target price on Alcoa to $31.00 and gave the stock a "hold" rating in a research note on Friday, May 16th. Finally, Citigroup raised shares of Alcoa to a "buy" rating and set a $42.00 price target on the stock in a research note on Tuesday, July 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Alcoa presently has a consensus rating of "Hold" and an average price target of $41.23.

Alcoa Stock Up 1.1%

Shares of NYSE AA traded up $0.35 during mid-day trading on Wednesday, reaching $31.73. The company had a trading volume of 4,154,307 shares, compared to its average volume of 5,988,060. The company has a current ratio of 1.65, a quick ratio of 0.97 and a debt-to-equity ratio of 0.41. The firm has a 50 day simple moving average of $29.67 and a two-hundred day simple moving average of $30.00. The stock has a market cap of $8.21 billion, a P/E ratio of 8.28, a PEG ratio of 0.17 and a beta of 2.24. Alcoa has a 52-week low of $21.53 and a 52-week high of $47.77.

Alcoa (NYSE:AA - Get Free Report) last posted its earnings results on Wednesday, July 16th. The industrial products company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.10. The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.96 billion. Alcoa had a net margin of 7.86% and a return on equity of 19.18%. The company's revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm posted $0.16 EPS. Sell-side analysts predict that Alcoa will post 4.43 earnings per share for the current year.

Alcoa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Tuesday, August 12th will be given a $0.10 dividend. The ex-dividend date is Tuesday, August 12th. This represents a $0.40 annualized dividend and a yield of 1.3%. Alcoa's dividend payout ratio is 10.44%.

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.