Universal Beteiligungs und Servicegesellschaft mbH Invests $4.42 Million in Alcoa (NYSE:AA)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired approximately $4.42 million in shares of Alcoa, representing a new position for the firm in the industrial products company.
• Alcoa's recent earnings report showed a profit of $0.39 EPS, exceeding analysts' expectations, with revenue reaching $3.02 billion, indicating a 3.9% year-over-year increase.
• The company recently declared a quarterly dividend of $0.10 per share, yielding about 1.30%, with a low dividend payout ratio of 10.44%.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Alcoa (NYSE:AA - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 144,739 shares of the industrial products company's stock, valued at approximately $4,415,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of Alcoa as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of AA. Y Intercept Hong Kong Ltd boosted its holdings in shares of Alcoa by 23.0% in the first quarter. Y Intercept Hong Kong Ltd now owns 45,401 shares of the industrial products company's stock valued at $1,385,000 after acquiring an additional 8,482 shares in the last quarter. Carmel Capital Partners LLC boosted its holdings in Alcoa by 65.7% during the first quarter. Carmel Capital Partners LLC now owns 37,546 shares of the industrial products company's stock worth $1,145,000 after buying an additional 14,884 shares in the last quarter. Kailix Advisors LLC boosted its holdings in Alcoa by 1.0% during the first quarter. Kailix Advisors LLC now owns 289,500 shares of the industrial products company's stock worth $8,830,000 after buying an additional 2,930 shares in the last quarter. Montag A & Associates Inc. purchased a new stake in Alcoa during the first quarter worth about $40,000. Finally, South Dakota Investment Council purchased a new stake in Alcoa during the first quarter worth about $583,000.

Alcoa Price Performance

AA traded up $0.02 on Thursday, reaching $30.14. The company had a trading volume of 2,247,659 shares, compared to its average volume of 5,991,469. The company has a fifty day moving average of $29.30 and a 200-day moving average of $30.58. The company has a market capitalization of $7.80 billion, a P/E ratio of 7.88, a PEG ratio of 0.17 and a beta of 2.25. The company has a current ratio of 1.65, a quick ratio of 0.97 and a debt-to-equity ratio of 0.42. Alcoa has a one year low of $21.53 and a one year high of $47.77.

Alcoa (NYSE:AA - Get Free Report) last announced its earnings results on Wednesday, July 16th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.10. Alcoa had a net margin of 7.86% and a return on equity of 19.27%. The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the prior year, the firm posted $0.16 EPS. Alcoa's revenue was up 3.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Alcoa will post 4.43 earnings per share for the current year.

Alcoa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Tuesday, August 12th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.33%. Alcoa's dividend payout ratio (DPR) is 10.44%.

Analysts Set New Price Targets

AA has been the subject of a number of research reports. UBS Group restated a "neutral" rating and set a $31.00 target price on shares of Alcoa in a research report on Thursday, May 15th. Morgan Stanley dropped their price target on shares of Alcoa from $40.00 to $38.00 and set an "overweight" rating for the company in a research report on Friday, July 18th. Wall Street Zen downgraded shares of Alcoa from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Citigroup upgraded shares of Alcoa to a "buy" rating and set a $42.00 target price for the company in a research note on Tuesday, July 8th. Finally, B. Riley reduced their price objective on shares of Alcoa from $38.00 to $37.00 and set a "buy" rating on the stock in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $41.23.

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.