Fiduciary Alliance LLC Invests $1.15 Million in Alcoa Co. (NYSE:AA)

Fiduciary Alliance LLC purchased a new stake in shares of Alcoa Co. (NYSE:AA) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 30,357 shares of the industrial products company’s stock, valued at approximately $1,147,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Newbridge Financial Services Group Inc. bought a new stake in shares of Alcoa during the second quarter valued at about $27,000. UMB Bank n.a. increased its holdings in Alcoa by 481.7% during the 3rd quarter. UMB Bank n.a. now owns 762 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 631 shares during the period. Quarry LP purchased a new stake in Alcoa in the 3rd quarter worth approximately $43,000. Continuum Advisory LLC boosted its holdings in Alcoa by 1,945.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 1,070 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Alcoa by 399.0% during the 4th quarter. GAMMA Investing LLC now owns 1,447 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 1,157 shares in the last quarter. 82.39% of the stock is owned by institutional investors.

Alcoa Stock Up 1.4 %

AA opened at $36.42 on Tuesday. Alcoa Co. has a 12 month low of $24.86 and a 12 month high of $47.77. The company has a current ratio of 1.41, a quick ratio of 0.80 and a debt-to-equity ratio of 0.47. The business’s 50-day moving average price is $41.20 and its 200-day moving average price is $37.80. The company has a market cap of $9.41 billion, a P/E ratio of -20.69, a P/E/G ratio of 0.79 and a beta of 2.47.

Alcoa (NYSE:AA) last announced its quarterly earnings data on Wednesday, October 16th. The industrial products company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.34. Alcoa had a negative return on equity of 1.45% and a negative net margin of 2.65%. The firm had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter in the previous year, the company posted ($1.14) earnings per share. The business’s revenue was up 11.6% on a year-over-year basis. On average, equities analysts expect that Alcoa Co. will post 0.9 EPS for the current year.

Alcoa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, October 29th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Tuesday, October 29th. Alcoa’s dividend payout ratio (DPR) is presently -22.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AA shares. B. Riley Financial reissued a “neutral” rating and set a $41.00 price objective on shares of Alcoa in a research note on Tuesday, September 17th. Bank of America lifted their price target on Alcoa to $58.00 and gave the company a “buy” rating in a research report on Thursday, November 28th. StockNews.com upgraded shares of Alcoa from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Morgan Stanley lifted their target price on shares of Alcoa from $48.00 to $49.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. increased their price target on shares of Alcoa from $36.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $46.45.

Insider Buying and Selling at Alcoa

In related news, EVP Renato Bacchi sold 23,867 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $42.29, for a total transaction of $1,009,335.43. Following the completion of the transaction, the executive vice president now owns 57,317 shares in the company, valued at $2,423,935.93. This represents a 29.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.08% of the company’s stock.

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.