Alcoa Co. (NYSE:AA) Shares Purchased by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV boosted its stake in Alcoa Co. (NYSE:AA - Free Report) by 25.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 111,143 shares of the industrial products company's stock after buying an additional 22,610 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Alcoa were worth $4,188,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Ballentine Partners LLC grew its holdings in shares of Alcoa by 3.2% during the fourth quarter. Ballentine Partners LLC now owns 8,973 shares of the industrial products company's stock worth $339,000 after buying an additional 279 shares in the last quarter. Bessemer Group Inc. boosted its position in Alcoa by 77.1% during the fourth 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 last quarter. Oregon Public Employees Retirement Fund grew its stake in Alcoa by 0.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 52,624 shares of the industrial products company's stock worth $1,988,000 after acquiring an additional 300 shares during the period. Wilmington Savings Fund Society FSB grew its stake in Alcoa by 5.3% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 6,521 shares of the industrial products company's stock worth $246,000 after acquiring an additional 328 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Alcoa by 3.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,469 shares of the industrial products company's stock valued at $365,000 after acquiring an additional 339 shares during the last quarter. Institutional investors and hedge funds own 82.39% of the company's stock.

Alcoa Trading Down 0.7%

Shares of NYSE:AA traded down $0.19 during trading on Thursday, reaching $28.08. 1,319,503 shares of the stock were exchanged, compared to its average volume of 5,482,894. The firm's 50-day moving average price is $27.55 and its 200 day moving average price is $34.71. The firm has a market cap of $7.27 billion, a price-to-earnings ratio of -175.51, a price-to-earnings-growth ratio of 0.19 and a beta of 2.29. Alcoa Co. has a 12-month low of $21.53 and a 12-month high of $47.77. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.45.

Alcoa (NYSE:AA - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The industrial products company reported $2.15 earnings per share (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 company had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.58 billion. On average, sell-side analysts anticipate that Alcoa Co. will post 4.43 earnings per share for the current fiscal year.

Alcoa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Tuesday, May 20th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.40 dividend on an annualized basis and a yield of 1.42%. Alcoa's dividend payout ratio (DPR) is 12.05%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AA shares. JPMorgan Chase & Co. decreased their price objective on Alcoa from $28.00 to $25.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Morgan Stanley reduced their target price on Alcoa from $55.00 to $51.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 28th. HC Wainwright lifted their price target on Alcoa to $90.00 and gave the company a "buy" rating in a report on Tuesday, March 11th. UBS Group reaffirmed a "neutral" rating and set a $31.00 price objective on shares of Alcoa in a research note on Thursday, May 15th. Finally, Barclays increased their price objective on shares of Alcoa to $31.00 and gave the stock a "hold" rating in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $42.50.

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.