MetLife Investment Management LLC Buys 12,047 Shares of Alcoa Co. (NYSE:AA)

MetLife Investment Management LLC increased its holdings in Alcoa Co. (NYSE:AA - Free Report) by 9.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,433 shares of the industrial products company's stock after buying an additional 12,047 shares during the period. MetLife Investment Management LLC owned 0.06% of Alcoa worth $5,494,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. increased its stake in Alcoa by 77.1% during the 4th quarter. Bessemer Group Inc. now owns 680 shares of the industrial products company's stock worth $26,000 after acquiring an additional 296 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Alcoa during the 4th quarter worth $29,000. Smartleaf Asset Management LLC increased its position in shares of Alcoa by 59.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,051 shares of the industrial products company's stock worth $39,000 after purchasing an additional 393 shares during the period. UMB Bank n.a. raised its stake in Alcoa by 78.5% in the fourth quarter. UMB Bank n.a. now owns 1,360 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 598 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Alcoa by 399.0% during the fourth quarter. GAMMA Investing LLC now owns 1,447 shares of the industrial products company's stock worth $55,000 after purchasing an additional 1,157 shares during the period. 82.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on AA. JPMorgan Chase & Co. decreased their target price on shares of Alcoa from $28.00 to $25.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. UBS Group lowered their price objective 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 raised their target price on Alcoa to $43.00 and gave the company a "hold" rating in a report on Friday, January 17th. B. Riley lowered their price target on Alcoa from $44.00 to $43.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Q1 EBITDA beat expectations, Q2 EBITDA estimate raised to 439M from 351M Finally, Jefferies Financial Group dropped their price objective on Alcoa from $50.00 to $45.00 and set a "buy" rating for the company in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, Alcoa presently has a consensus rating of "Moderate Buy" and an average target price of $44.17.

Alcoa Trading Down 0.7 %

Shares of AA stock traded down $0.19 during mid-day trading on Tuesday, reaching $25.37. 1,715,740 shares of the stock traded hands, compared to its average volume of 5,424,394. The company has a market cap of $6.57 billion, a price-to-earnings ratio of -158.24, a price-to-earnings-growth ratio of 0.19 and a beta of 2.28. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 0.48. The stock's fifty day simple moving average is $29.70 and its two-hundred day simple moving average is $36.34. Alcoa Co. has a 1-year low of $21.53 and a 1-year high of $47.77.

Alcoa (NYSE:AA - Get Free Report) last posted its earnings results on Wednesday, April 16th. The industrial products company reported $2.15 EPS for the quarter, topping 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 business had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.58 billion. On average, research analysts anticipate that Alcoa Co. will post 4.43 EPS for the current fiscal year.

Alcoa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 4th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.40 dividend on an annualized basis and a yield of 1.58%. Alcoa's payout ratio is 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.