12,274 Shares in Alcoa (NYSE:AA) Acquired by Baader Bank Aktiengesellschaft

Key Points

• Baader Bank Aktiengesellschaft has made a new investment of approximately $366,000 in Alcoa, acquiring 12,274 shares during the first quarter.
• Alcoa has seen significant increases in holdings from several institutional investors in the fourth quarter, including Sourcerock Group LLC, which raised its stake by 319.1%.
• The company plans to pay a quarterly dividend of $0.10 on August 28, translating to an annualized yield of 1.33%, with a low dividend payout ratio of 10.44%.

Baader Bank Aktiengesellschaft bought a new position in shares of Alcoa (NYSE:AA - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,274 shares of the industrial products company's stock, valued at approximately $366,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its stake 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 purchasing an additional 296 shares during the period. Versant Capital Management Inc raised 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 purchasing an additional 520 shares during the period. Point72 Hong Kong Ltd purchased a new position in Alcoa during the fourth quarter worth approximately $36,000. Montag A & Associates Inc. purchased a new position in Alcoa during the first quarter worth approximately $40,000. Finally, Continuum Advisory LLC raised its stake in Alcoa by 30.7% during the fourth quarter. Continuum Advisory LLC now owns 1,470 shares of the industrial products company's stock worth $56,000 after purchasing an additional 345 shares during the period. 82.39% of the stock is currently owned by institutional investors and hedge funds.

Alcoa Stock Performance

Shares of NYSE AA traded down $1.57 during midday trading on Friday, hitting $28.40. The company's stock had a trading volume of 6,928,186 shares, compared to its average volume of 6,093,337. Alcoa has a 1-year low of $21.53 and a 1-year high of $47.77. The firm's fifty day moving average price is $29.35 and its 200-day moving average price is $30.48. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.97 and a current ratio of 1.65. The firm has a market cap of $7.35 billion, a P/E ratio of 7.42, a P/E/G ratio of 0.17 and a beta of 2.25.

Alcoa (NYSE:AA - Get Free Report) last posted its earnings results on Wednesday, July 16th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.10. The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.96 billion. Alcoa had a net margin of 7.86% and a return on equity of 19.27%. Alcoa's revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 EPS. On average, sell-side analysts forecast that Alcoa will post 4.43 EPS for the current fiscal year.

Alcoa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Tuesday, August 12th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, August 12th. This represents a $0.40 annualized dividend and a dividend yield of 1.4%. Alcoa's dividend payout ratio (DPR) is 10.44%.

Analyst Ratings Changes

A number of equities analysts have weighed in on AA shares. 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. JPMorgan Chase & Co. cut their target price on shares of Alcoa from $28.00 to $27.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. Barclays raised their target price on shares of Alcoa to $31.00 and gave the company a "hold" rating in a research note on Friday, May 16th. UBS Group reissued a "neutral" rating and issued a $31.00 target price on shares of Alcoa in a research note on Thursday, May 15th. Finally, Morgan Stanley cut their target price on shares of Alcoa from $40.00 to $38.00 and set an "overweight" rating on the stock in a research note on Friday, July 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, Alcoa has an average rating of "Hold" and an average price target of $41.23.

Alcoa 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.