Alcoa (NYSE:AA - Get Free Report) EVP Tammi Jones sold 15,628 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $50.60, for a total transaction of $790,776.80. Following the completion of the sale, the executive vice president directly owned 39,819 shares of the company's stock, valued at $2,014,841.40. This represents a 28.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Alcoa Price Performance
NYSE AA opened at $50.35 on Friday. The company has a current ratio of 1.53, a quick ratio of 0.92 and a debt-to-equity ratio of 0.30. Alcoa has a 12 month low of $30.21 and a 12 month high of $84.38. The stock has a market cap of $13.29 billion, a price-to-earnings ratio of 10.36, a PEG ratio of 0.58 and a beta of 1.63. The company's 50 day moving average is $49.03 and its two-hundred day moving average is $59.97.
Alcoa (NYSE:AA - Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The industrial products company reported $2.12 earnings per share for the quarter, missing analysts' consensus estimates of $2.25 by ($0.13). The firm had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.99 billion. Alcoa had a return on equity of 18.90% and a net margin of 9.48%.During the same quarter in the previous year, the company earned $0.39 earnings per share. As a group, research analysts anticipate that Alcoa will post 6.55 earnings per share for the current year.
Alcoa Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Tuesday, August 11th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, August 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.8%. Alcoa's payout ratio is 8.23%.
Hedge Funds Weigh In On Alcoa
Several institutional investors have recently bought and sold shares of AA. NewEdge Advisors LLC lifted its stake in Alcoa by 1,098.0% in the 1st quarter. NewEdge Advisors LLC now owns 11,704 shares of the industrial products company's stock worth $357,000 after purchasing an additional 10,727 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Alcoa by 0.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 646,609 shares of the industrial products company's stock valued at $19,722,000 after purchasing an additional 4,624 shares during the last quarter. Invesco Ltd. grew its position in shares of Alcoa by 1.9% during the second quarter. Invesco Ltd. now owns 640,528 shares of the industrial products company's stock valued at $18,902,000 after purchasing an additional 12,008 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Alcoa by 173.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,040 shares of the industrial products company's stock valued at $60,000 after purchasing an additional 1,295 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Alcoa by 320.1% in the second quarter. First Trust Advisors LP now owns 269,982 shares of the industrial products company's stock worth $7,967,000 after purchasing an additional 205,717 shares during the last quarter.
Wall Street Analyst Weigh In
AA has been the subject of a number of analyst reports. Wall Street Zen upgraded Alcoa from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Bank of America lowered their price objective on Alcoa from $57.00 to $51.00 and set an "underperform" rating on the stock in a research report on Thursday, July 9th. Royal Bank Of Canada set a $70.00 price objective on Alcoa in a research note on Wednesday, July 1st. B. Riley Financial cut their target price on Alcoa from $92.00 to $80.00 and set a "buy" rating for the company in a research report on Tuesday, July 7th. Finally, Morgan Stanley reissued an "equal weight" rating and set a $53.00 target price (down from $79.00) on shares of Alcoa in a research note on Wednesday, July 8th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $61.09.
Check Out Our Latest Research Report on AA
About Alcoa
(
Get Free Report)
Alcoa Corporation is a global industry leader in the production and management of aluminum, offering an integrated value chain that spans bauxite mining, alumina refining, primary aluminum smelting and the fabrication of value-added products. The company's operations are organized into segments that include raw material extraction, chemical processing and the manufacture of metal mill products and engineered solutions.
Alcoa's product portfolio serves diverse end markets such as aerospace, automotive, packaging, construction, electrical and industrial applications.
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