Zurcher Kantonalbank Zurich Cantonalbank Has $5.50 Million Holdings in Alcoa $AA

Key Points

• Zurcher Kantonalbank raised its stake in Alcoa by 26.6% during Q4 and now owns 103,517 shares valued at about $5.50 million.
• Alcoa missed Q1 estimates, reporting $1.40 EPS vs. $1.60 expected and $3.19 billion in revenue vs. $3.35 billion, with revenue down 5.2% year‑over‑year.
• Analyst sentiment is mixed but trending higher—several firms have boosted price targets (e.g., Morgan Stanley to $80, B. Riley to $96) while the MarketBeat consensus remains a "Hold" with an average target of $61.73.

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Alcoa (NYSE:AA - Free Report) by 26.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,517 shares of the industrial products company's stock after acquiring an additional 21,758 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Alcoa were worth $5,501,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Krilogy Financial LLC acquired a new stake in shares of Alcoa during the fourth quarter valued at approximately $1,223,000. Hedges Asset Management LLC acquired a new stake in shares of Alcoa during the fourth quarter valued at approximately $266,000. Moran Wealth Management LLC acquired a new stake in shares of Alcoa during the fourth quarter valued at approximately $2,631,000. Merit Financial Group LLC grew its position in Alcoa by 114.2% during the fourth quarter. Merit Financial Group LLC now owns 28,945 shares of the industrial products company's stock valued at $1,538,000 after purchasing an additional 15,432 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Alcoa during the fourth quarter valued at approximately $100,000. Institutional investors and hedge funds own 82.39% of the company's stock.

Alcoa Stock Performance

AA stock opened at $66.02 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.48 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $17.42 billion, a price-to-earnings ratio of 16.71 and a beta of 1.70. Alcoa has a 12 month low of $23.60 and a 12 month high of $75.70. The firm has a 50 day moving average of $64.54 and a two-hundred day moving average of $53.84.

Alcoa (NYSE:AA - Get Free Report) last posted its earnings results on Thursday, April 16th. The industrial products company reported $1.40 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.20). The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.35 billion. Alcoa had a return on equity of 12.57% and a net margin of 8.27%.The business's revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.15 earnings per share. As a group, equities analysts anticipate that Alcoa will post 7.66 EPS for the current fiscal year.

Alcoa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Tuesday, March 10th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, March 10th. Alcoa's payout ratio is currently 10.13%.

Analysts Set New Price Targets

AA has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Alcoa in a research report on Monday, December 29th. Morgan Stanley raised shares of Alcoa from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $64.00 to $80.00 in a research report on Thursday, April 9th. B. Riley Financial boosted their price objective on shares of Alcoa from $78.00 to $96.00 and gave the company a "buy" rating in a research report on Tuesday, April 7th. Wells Fargo & Company set a $68.00 price objective on shares of Alcoa in a research report on Thursday, March 12th. Finally, BMO Capital Markets boosted their price objective on shares of Alcoa from $65.00 to $75.00 and gave the company a "market perform" rating in a research report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Alcoa has an average rating of "Hold" and an average price target of $61.73.

About Alcoa

Alcoa Corporation is a global industry leader in the production and management of aluminum, offering an integrated value chain that spans bauxite mining, alumina refining, primary aluminum smelting and the fabrication of value-added products. The company's operations are organized into segments that include raw material extraction, chemical processing and the manufacture of metal mill products and engineered solutions.

Alcoa's product portfolio serves diverse end markets such as aerospace, automotive, packaging, construction, electrical and industrial applications.

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