Alcoa Co. (NYSE:AA) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Alcoa Co. (NYSE:AA - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 641,985 shares of the industrial products company's stock after purchasing an additional 13,869 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.25% of Alcoa worth $24,254,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Bessemer Group Inc. increased its position in shares of Alcoa by 77.1% in the 4th quarter. Bessemer Group Inc. now owns 680 shares of the industrial products company's stock valued at $26,000 after buying an additional 296 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Alcoa during the 4th quarter worth approximately $29,000. Point72 Hong Kong Ltd acquired a new position in shares of Alcoa during the 4th quarter worth approximately $36,000. Smartleaf Asset Management LLC increased its holdings 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 acquiring an additional 393 shares during the last quarter. Finally, IMG Wealth Management Inc. acquired a new position in Alcoa in the 4th quarter valued at $73,000. 82.39% of the stock is owned by institutional investors and hedge funds.

Alcoa Trading Down 3.2%

Shares of NYSE AA traded down $0.88 during trading hours on Friday, reaching $26.75. The stock had a trading volume of 5,668,244 shares, compared to its average volume of 5,486,522. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of -167.19, a P/E/G ratio of 0.19 and a beta of 2.29. Alcoa Co. has a 52-week low of $21.53 and a 52-week high of $47.77. 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 business's fifty day moving average price is $26.64 and its two-hundred day moving average price is $33.86.

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

Alcoa Dividend Announcement

The company also recently declared 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. The ex-dividend date is Tuesday, May 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.50%. Alcoa's dividend payout ratio is currently 12.05%.

Analyst Ratings Changes

AA has been the subject of several recent analyst reports. HC Wainwright upped their price objective on Alcoa to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. UBS Group reissued a "neutral" rating and issued a $31.00 price objective on shares of Alcoa in a research note on Thursday, May 15th. JPMorgan Chase & Co. reduced their price objective on Alcoa from $28.00 to $25.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Barclays lifted their target price on Alcoa to $31.00 and gave the company a "hold" rating in a research report on Friday, May 16th. Finally, B. Riley dropped their price target on Alcoa from $44.00 to $43.00 and set a "buy" rating on the stock in a report 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 issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Alcoa presently has a consensus rating of "Hold" and an average price target 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.