Alcoa $AA Shares Sold by Hosking Partners LLP

Hosking Partners LLP lessened its position in Alcoa (NYSE:AA) by 1.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 536,903 shares of the industrial products company’s stock after selling 9,797 shares during the period. Hosking Partners LLP’s holdings in Alcoa were worth $17,659,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS boosted its position in shares of Alcoa by 3.4% during the third quarter. KLP Kapitalforvaltning AS now owns 54,700 shares of the industrial products company’s stock worth $1,799,000 after buying an additional 1,800 shares during the period. D.A. Davidson & CO. grew its stake in shares of Alcoa by 7.5% in the third quarter. D.A. Davidson & CO. now owns 13,219 shares of the industrial products company’s stock worth $435,000 after purchasing an additional 922 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in shares of Alcoa during the third quarter valued at $220,000. Merit Financial Group LLC bought a new stake in shares of Alcoa during the third quarter valued at about $444,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in Alcoa by 63.6% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 45,000 shares of the industrial products company’s stock worth $1,480,000 after purchasing an additional 17,500 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AA shares. Citigroup raised their price objective on shares of Alcoa from $42.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Wells Fargo & Company boosted their price objective on Alcoa from $40.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 23rd. Zacks Research upgraded Alcoa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 25th. UBS Group lifted their target price on Alcoa from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $52.00 price target on shares of Alcoa in a report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $47.33.

Alcoa Stock Down 1.3%

Shares of Alcoa stock opened at $62.73 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.56 and a debt-to-equity ratio of 0.40. Alcoa has a 12-month low of $21.53 and a 12-month high of $65.01. The firm has a market capitalization of $16.24 billion, a PE ratio of 14.49, a price-to-earnings-growth ratio of 0.25 and a beta of 1.95. The stock’s fifty day moving average is $44.77 and its 200-day moving average is $36.63.

Alcoa (NYSE:AA) last posted its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.13. Alcoa had a return on equity of 15.85% and a net margin of 8.91%.The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the previous year, the company earned $0.57 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities analysts anticipate that Alcoa will post 4.43 earnings per share for the current year.

Alcoa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Tuesday, November 4th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Tuesday, November 4th. Alcoa’s dividend payout ratio is 9.24%.

Alcoa Company Profile

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.