U.S. Capital Wealth Advisors LLC Takes Position in Alcoa Co. (NYSE:AA)

U.S. Capital Wealth Advisors LLC acquired a new stake in Alcoa Co. (NYSE:AA) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 17,753 shares of the industrial products company’s stock, valued at approximately $706,000.

Other large investors also recently modified their holdings of the company. Spire Wealth Management increased its position in Alcoa by 252.5% during the first quarter. Spire Wealth Management now owns 899 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 644 shares during the period. Tennessee Valley Asset Management Partners bought a new position in Alcoa during the fourth quarter worth about $31,000. Private Wealth Management Group LLC bought a new position in Alcoa during the fourth quarter worth about $33,000. Scarborough Advisors LLC bought a new position in Alcoa during the fourth quarter worth about $39,000. Finally, Quest Partners LLC bought a new position in Alcoa during the fourth quarter worth about $40,000. 82.39% of the stock is owned by institutional investors.

Alcoa Price Performance

Shares of AA traded down $0.07 during mid-day trading on Friday, reaching $30.56. The company had a trading volume of 7,068,556 shares, compared to its average volume of 6,162,947. The company’s 50 day simple moving average is $37.61 and its 200 day simple moving average is $34.76. Alcoa Co. has a 1-year low of $23.07 and a 1-year high of $45.48. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.55. The company has a market capitalization of $5.49 billion, a price-to-earnings ratio of -8.14 and a beta of 2.45.

Alcoa (NYSE:AA) last posted its quarterly earnings results on Wednesday, July 17th. The industrial products company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05. Alcoa had a negative net margin of 5.14% and a negative return on equity of 7.29%. The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same period last year, the company posted ($0.35) EPS. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. Analysts expect that Alcoa Co. will post 0.7 EPS for the current year.

Alcoa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Monday, August 12th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $0.40 annualized dividend and a yield of 1.31%. Alcoa’s dividend payout ratio is presently -10.64%.

Wall Street Analyst Weigh In

A number of research firms recently commented on AA. BMO Capital Markets raised their price target on shares of Alcoa from $35.00 to $37.00 and gave the stock a “market perform” rating in a research report on Thursday, April 18th. Citigroup raised their target price on shares of Alcoa from $32.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Jefferies Financial Group raised their target price on shares of Alcoa from $45.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Bank of America decreased their target price on shares of Alcoa from $46.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, July 18th. Finally, Wolfe Research raised shares of Alcoa from an “underperform” rating to a “peer perform” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $38.80.

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.