11,288 Shares in Alcoa Co. (NYSE:AA) Bought by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC bought a new position in shares of Alcoa Co. (NYSE:AA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 11,288 shares of the industrial products company's stock, valued at approximately $426,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bessemer Group Inc. boosted its position in shares of Alcoa by 77.1% in the fourth quarter. Bessemer Group Inc. now owns 680 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 296 shares during the period. SBI Securities Co. Ltd. bought a new stake in Alcoa in the 4th quarter valued at about $29,000. Point72 Hong Kong Ltd bought a new stake in Alcoa in the 4th quarter valued at about $36,000. Smartleaf Asset Management LLC grew its position in shares of Alcoa by 59.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,051 shares of the industrial products company's stock worth $39,000 after purchasing an additional 393 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings 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 purchasing an additional 598 shares during the period. Institutional investors and hedge funds own 82.39% of the company's stock.

Alcoa Price Performance

Shares of AA traded down $0.23 during mid-day trading on Thursday, reaching $27.65. The company had a trading volume of 3,108,397 shares, compared to its average volume of 5,887,061. The company has a market capitalization of $7.16 billion, a price-to-earnings ratio of -172.83, a P/E/G ratio of 0.19 and a beta of 2.29. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.45. The company's 50 day simple moving average is $26.90 and its 200 day simple moving average is $34.17. Alcoa Co. has a 1-year low of $21.53 and a 1-year high of $47.77.

Alcoa (NYSE:AA - Get Free Report) last issued its earnings results on Wednesday, April 16th. The industrial products company reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.42. The firm had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.58 billion. Alcoa had a net margin of 0.50% and a return on equity of 5.54%. Analysts expect that Alcoa Co. will post 4.43 EPS for the current year.

Alcoa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Tuesday, May 20th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.40 dividend on an annualized basis and a yield of 1.45%. Alcoa's dividend payout ratio is currently 12.05%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AA shares. Wall Street Zen cut Alcoa from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. cut their target price on Alcoa from $28.00 to $25.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Bank of America restated an "underperform" rating and issued a $26.00 price target (down previously from $58.00) on shares of Alcoa in a research report on Tuesday, April 8th. HC Wainwright boosted their price target on Alcoa to $90.00 and gave the company a "buy" rating in a research note on Tuesday, March 11th. Finally, B. Riley reduced their price objective on shares of Alcoa from $44.00 to $43.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Q1 EBITDA beat expectations, Q2 EBITDA estimate raised to 439M from 351M One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $42.50.

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.