Alcoa Co. (NYSE:AA) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lowered its position in shares of Alcoa Co. (NYSE:AA - Free Report) by 22.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 269,390 shares of the industrial products company's stock after selling 79,951 shares during the period. Janus Henderson Group PLC owned about 0.10% of Alcoa worth $10,185,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. HB Wealth Management LLC purchased a new stake in Alcoa during the fourth quarter worth $211,000. Union Bancaire Privee UBP SA bought a new position in shares of Alcoa in the 4th quarter worth $454,000. Ausbil Investment Management Ltd purchased a new stake in shares of Alcoa during the 4th quarter worth $429,000. Rheos Capital Works Inc. purchased a new stake in shares of Alcoa during the 4th quarter worth $2,002,000. Finally, Drummond Knight Asset Management Pty Ltd bought a new stake in Alcoa during the fourth quarter valued at about $19,646,000. 82.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on AA shares. Morgan Stanley reduced their target price on shares of Alcoa from $55.00 to $51.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Wall Street Zen downgraded shares of Alcoa from a "buy" rating to a "hold" rating in a research report on Thursday. UBS Group reiterated a "neutral" rating and set a $31.00 price objective on shares of Alcoa in a research note on Thursday, May 15th. JPMorgan Chase & Co. lowered their target price 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. Finally, HC Wainwright lifted 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 given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, Alcoa presently has an average rating of "Hold" and a consensus price target of $42.50.

Alcoa Stock Performance

Shares of NYSE AA traded down $0.37 during mid-day trading on Thursday, hitting $27.90. The stock had a trading volume of 1,113,529 shares, compared to its average volume of 5,912,842. The firm has a market cap of $7.22 billion, a PE ratio of -174.06, a PEG 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 has a 50 day moving average of $27.55 and a two-hundred day moving average of $34.71. Alcoa Co. has a twelve month low of $21.53 and a twelve month high of $47.77.

Alcoa (NYSE:AA - Get Free Report) last announced its quarterly earnings data 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. Alcoa had a return on equity of 5.54% and a net margin of 0.50%. The business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.58 billion. Research analysts predict that Alcoa Co. will post 4.43 EPS for the current fiscal year.

Alcoa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Tuesday, May 20th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.43%. The ex-dividend date is Tuesday, May 20th. Alcoa's payout ratio is 12.05%.

Alcoa Company 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.