Douglas Lane & Associates LLC Acquires 13,194 Shares of Alcoa Co. (NYSE:AA)

Douglas Lane & Associates LLC lifted its holdings in shares of Alcoa Co. (NYSE:AA - Free Report) by 1.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,401,884 shares of the industrial products company's stock after purchasing an additional 13,194 shares during the period. Douglas Lane & Associates LLC owned 0.54% of Alcoa worth $42,757,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of AA. Rhumbline Advisers increased its position in Alcoa by 1.3% during the 1st quarter. Rhumbline Advisers now owns 697,655 shares of the industrial products company's stock valued at $21,278,000 after purchasing an additional 8,871 shares during the period. GAMMA Investing LLC raised its stake in Alcoa by 4,743.7% during the first quarter. GAMMA Investing LLC now owns 70,089 shares of the industrial products company's stock worth $2,298,000 after buying an additional 68,642 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Alcoa by 134.7% in the first quarter. Versant Capital Management Inc now owns 906 shares of the industrial products company's stock valued at $28,000 after buying an additional 520 shares during the period. Wellington Management Group LLP boosted its position in Alcoa by 488.2% during the fourth quarter. Wellington Management Group LLP now owns 802,547 shares of the industrial products company's stock valued at $30,320,000 after acquiring an additional 666,117 shares during the last quarter. Finally, California State Teachers Retirement System grew its holdings in Alcoa by 5.8% during the 4th quarter. California State Teachers Retirement System now owns 240,870 shares of the industrial products company's stock worth $9,100,000 after acquiring an additional 13,137 shares during the period. Institutional investors own 82.39% of the company's stock.

Alcoa Stock Up 3.4%

AA traded up $0.94 during midday trading on Thursday, reaching $28.31. 3,014,617 shares of the company were exchanged, compared to its average volume of 5,933,158. The company has a market cap of $7.33 billion, a price-to-earnings ratio of -176.94, a price-to-earnings-growth ratio of 0.19 and a beta of 2.29. Alcoa Co. has a one year low of $21.53 and a one year high of $47.77. The company's fifty day moving average price is $26.36 and its 200 day moving average price is $33.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.45.

Alcoa (NYSE:AA - Get Free Report) last announced its earnings results on Wednesday, April 16th. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.42. The company had revenue of $3.37 billion for the quarter, compared to analysts' expectations of $3.58 billion. Alcoa had a return on equity of 5.54% and a net margin of 0.50%. As a group, analysts expect that Alcoa Co. will post 4.43 EPS for the current 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 paid a $0.10 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $0.40 annualized dividend and a dividend yield of 1.41%. Alcoa's payout ratio is 12.05%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AA shares. B. Riley cut their target price on Alcoa from $44.00 to $43.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Q1 EBITDA beat expectations, Q2 EBITDA estimate raised to 439M from 351M Wall Street Zen cut Alcoa from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. lowered their price objective on shares of Alcoa from $28.00 to $25.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Barclays boosted their target price on shares of Alcoa to $31.00 and gave the company a "hold" rating in a research report on Friday, May 16th. Finally, HC Wainwright raised their price target on shares of Alcoa to $90.00 and gave the stock a "buy" rating in a report on Tuesday, March 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. 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.