Deutsche Bank AG Sells 185,386 Shares of Alcoa Co. (NYSE:AA)

Deutsche Bank AG reduced its holdings in Alcoa Co. (NYSE:AA - Free Report) by 54.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 156,064 shares of the industrial products company's stock after selling 185,386 shares during the quarter. Deutsche Bank AG owned 0.06% of Alcoa worth $5,896,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AA. HB Wealth Management LLC acquired a new position in shares of Alcoa during the fourth quarter worth about $211,000. UMB Bank n.a. boosted its position in shares of Alcoa by 78.5% during the fourth quarter. UMB Bank n.a. now owns 1,360 shares of the industrial products company's stock worth $51,000 after buying an additional 598 shares during the period. Ballentine Partners LLC boosted its position in shares of Alcoa by 3.2% during the fourth quarter. Ballentine Partners LLC now owns 8,973 shares of the industrial products company's stock worth $339,000 after buying an additional 279 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Alcoa by 12.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 18,642 shares of the industrial products company's stock worth $704,000 after buying an additional 2,000 shares during the period. Finally, Kingswood Wealth Advisors LLC acquired a new position in shares of Alcoa during the fourth quarter worth about $238,000. 82.39% of the stock is currently owned by institutional investors.

Alcoa Stock Performance

Shares of NYSE AA traded up $0.09 during midday trading on Friday, hitting $28.07. 5,294,072 shares of the company's stock were exchanged, compared to its average volume of 5,505,431. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 0.48. Alcoa Co. has a 12 month low of $21.53 and a 12 month high of $47.77. The company's 50 day moving average price is $27.30 and its 200 day moving average price is $34.45. The firm has a market capitalization of $7.27 billion, a PE ratio of -175.41, a price-to-earnings-growth ratio of 0.19 and a beta of 2.29.

Alcoa (NYSE:AA - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The industrial products company reported $2.15 EPS for the quarter, beating 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 firm had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.58 billion. As a group, analysts predict that Alcoa Co. will post 4.43 earnings per share for the current fiscal year.

Alcoa Announces Dividend

The company 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 dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Tuesday, May 20th. Alcoa's dividend payout ratio is currently 12.05%.

Wall Street Analyst Weigh In

Several brokerages recently commented on AA. Morgan Stanley reduced their price target on Alcoa from $55.00 to $51.00 and set an "overweight" rating for the company in a research report on Tuesday, January 28th. Wall Street Zen cut Alcoa from a "buy" rating to a "hold" rating in a research report on Thursday. Bank of America reissued an "underperform" rating and set a $26.00 price target (down from $58.00) on shares of Alcoa in a research report on Tuesday, April 8th. JPMorgan Chase & Co. reduced their price target on Alcoa from $28.00 to $25.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Finally, HC Wainwright increased their price target on Alcoa to $90.00 and gave the company a "buy" rating in a research report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $42.50.

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.