Alcoa Co. (NYSE:AA) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC reduced its holdings in shares of Alcoa Co. (NYSE:AA - Free Report) by 16.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,349,845 shares of the industrial products company's stock after selling 464,170 shares during the period. Fisher Asset Management LLC owned about 1.32% of Alcoa worth $79,895,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tennessee Valley Asset Management Partners bought a new position in shares of Alcoa in the fourth quarter worth approximately $31,000. Quent Capital LLC grew its holdings in shares of Alcoa by 64.2% in the fourth quarter. Quent Capital LLC now owns 990 shares of the industrial products company's stock worth $34,000 after purchasing an additional 387 shares during the last quarter. Bourgeon Capital Management LLC grew its holdings in shares of Alcoa by 100.0% in the fourth quarter. Bourgeon Capital Management LLC now owns 2,000 shares of the industrial products company's stock worth $68,000 after purchasing an additional 1,000 shares during the last quarter. Central Bank & Trust Co. grew its holdings in shares of Alcoa by 190.4% in the fourth quarter. Central Bank & Trust Co. now owns 2,384 shares of the industrial products company's stock worth $81,000 after purchasing an additional 1,563 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Alcoa by 53.0% in the third quarter. Signaturefd LLC now owns 2,661 shares of the industrial products company's stock worth $77,000 after purchasing an additional 922 shares during the last quarter.

Insider Transactions at Alcoa

In other news, EVP Tammi A. Jones sold 26,468 shares of Alcoa stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $30.78, for a total value of $814,685.04. Following the completion of the transaction, the executive vice president now owns 41,166 shares of the company's stock, valued at approximately $1,267,089.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Alcoa Trading Up 2.3 %

Alcoa stock traded up $0.83 on Friday, hitting $36.77. 5,496,634 shares of the stock traded hands, compared to its average volume of 6,977,672. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.93 and a current ratio of 1.61. The business's fifty day simple moving average is $32.93 and its 200 day simple moving average is $29.68. Alcoa Co. has a 1 year low of $23.07 and a 1 year high of $38.20.

Alcoa (NYSE:AA - Get Free Report) last posted its quarterly earnings results on Wednesday, April 17th. The industrial products company reported ($0.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.62) by ($0.19). The company had revenue of $2.60 billion during the quarter, compared to analysts' expectations of $2.55 billion. Alcoa had a negative return on equity of 8.51% and a negative net margin of 6.41%. Alcoa's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.23) EPS. Research analysts expect that Alcoa Co. will post 0.2 EPS for the current year.

Alcoa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Tuesday, March 5th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Monday, March 4th. Alcoa's dividend payout ratio is presently -10.64%.

Wall Street Analysts Forecast Growth

AA has been the topic of several recent analyst reports. Bank of America raised their target price on shares of Alcoa from $31.00 to $32.00 and gave the stock a "neutral" rating in a report on Monday, March 18th. Jefferies Financial Group lifted their price target on shares of Alcoa from $45.00 to $48.00 and gave the company a "buy" rating in a report on Thursday, April 18th. B. Riley lifted their price target on shares of Alcoa from $25.00 to $31.00 and gave the company a "neutral" rating in a report on Thursday, April 18th. JPMorgan Chase & Co. lifted their price target on shares of Alcoa from $30.00 to $32.00 and gave the company a "neutral" rating in a report on Thursday, January 18th. Finally, Morgan Stanley upgraded shares of Alcoa from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $28.50 to $36.50 in a report on Monday, April 22nd. Three analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Alcoa presently has an average rating of "Hold" and an average target price of $33.54.

Alcoa 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.