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

Deutsche Bank AG trimmed 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 & Exchange Commission. The institutional investor owned 156,064 shares of the industrial products company's stock after selling 185,386 shares during the period. Deutsche Bank AG owned 0.06% of Alcoa worth $5,896,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. HB Wealth Management LLC acquired a new position in Alcoa in the 4th quarter valued at $211,000. Union Bancaire Privee UBP SA acquired a new position in Alcoa in the 4th quarter valued at $454,000. Ausbil Investment Management Ltd acquired a new position in Alcoa in the 4th quarter valued at $429,000. Rheos Capital Works Inc. acquired a new position in Alcoa in the 4th quarter valued at $2,002,000. Finally, Drummond Knight Asset Management Pty Ltd bought a new stake in Alcoa in the 4th quarter valued at $19,646,000. 82.39% of the stock is owned by institutional investors.

Alcoa Price Performance

Shares of Alcoa stock traded down $0.32 during mid-day trading on Thursday, reaching $27.95. 4,813,298 shares of the stock were exchanged, compared to its average volume of 5,496,265. 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 company has a market cap of $7.24 billion, a price-to-earnings ratio of -174.69, a price-to-earnings-growth ratio of 0.19 and a beta of 2.29. Alcoa Co. has a fifty-two week low of $21.53 and a fifty-two week high of $47.77. The firm has a 50-day simple moving average of $27.55 and a 200 day simple moving average of $34.71.

Alcoa (NYSE:AA - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The industrial products company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.42. The firm had revenue of $3.37 billion during the quarter, compared to analysts' expectations of $3.58 billion. Alcoa had a net margin of 0.50% and a return on equity of 5.54%. On average, sell-side analysts predict that Alcoa Co. 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 Friday, June 6th. Shareholders of record on Tuesday, May 20th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Tuesday, May 20th. Alcoa's payout ratio is presently 12.05%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wall Street Zen downgraded shares of Alcoa from a "buy" rating to a "hold" rating in a report on Thursday. Barclays increased their price target on shares of Alcoa to $31.00 and gave the company a "hold" rating in a report on Friday, May 16th. JPMorgan Chase & Co. reduced their price target on shares of Alcoa from $28.00 to $25.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. B. Riley reduced their price target on shares of Alcoa from $44.00 to $43.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Q1 EBITDA beat expectations, Q2 EBITDA estimate raised to 439M from 351M Finally, Bank of America reissued an "underperform" rating and issued a $26.00 price target (down from $58.00) on shares of Alcoa in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average 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.