Mercer Global Advisors Inc. ADV Takes Position in Alcoa Co. (NYSE:AA)

Mercer Global Advisors Inc. ADV acquired a new stake in Alcoa Co. (NYSE:AA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,063 shares of the industrial products company's stock, valued at approximately $720,000.

A number of other institutional investors have also modified their holdings of the company. Ballentine Partners LLC raised its position in shares of Alcoa by 3.2% in the fourth quarter. Ballentine Partners LLC now owns 8,973 shares of the industrial products company's stock valued at $339,000 after buying an additional 279 shares during the last quarter. Bessemer Group Inc. raised 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 buying an additional 296 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Alcoa by 0.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 52,624 shares of the industrial products company's stock valued at $1,988,000 after buying an additional 300 shares during the last quarter. Wilmington Savings Fund Society FSB raised its position in shares of Alcoa by 5.3% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,521 shares of the industrial products company's stock valued at $246,000 after buying an additional 328 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Alcoa by 3.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,469 shares of the industrial products company's stock valued at $365,000 after buying an additional 339 shares during the last quarter. Institutional investors and hedge funds own 82.39% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. UBS Group dropped their price target on shares of Alcoa from $47.00 to $32.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. BMO Capital Markets upped their price target on shares of Alcoa to $43.00 and gave the stock a "hold" rating in a research report on Friday, January 17th. HC Wainwright upped their price target on shares of Alcoa to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. Bank of America reaffirmed an "underperform" rating and set a $26.00 price target (down previously from $58.00) on shares of Alcoa in a research report on Tuesday, April 8th. Finally, Morgan Stanley dropped their price target on shares of Alcoa from $55.00 to $51.00 and set an "overweight" rating for the company in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $44.17.

Alcoa Price Performance

AA opened at $25.89 on Monday. The company has a market cap of $6.70 billion, a P/E ratio of -161.81, a P/E/G ratio of 0.19 and a beta of 2.29. The company has a 50 day moving average of $28.13 and a two-hundred day moving average of $35.30. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 0.48. Alcoa Co. has a 52-week low of $21.53 and a 52-week high of $47.77.

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

Alcoa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Tuesday, May 20th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.54%. Alcoa's dividend payout ratio (DPR) is presently 12.05%.

About Alcoa

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.

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