Walser Wealth Management Company A Ltd Liability Co Makes New $1.11 Million Investment in Alcoa $AA

Walser Wealth Management Company A Ltd Liability Co acquired a new position in shares of Alcoa (NYSE:AA) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 16,784 shares of the industrial products company’s stock, valued at approximately $1,113,000.

Several other institutional investors and hedge funds have also modified their holdings of AA. Mirabella Financial Services LLP raised its position in Alcoa by 12,233.1% in the 3rd quarter. Mirabella Financial Services LLP now owns 40,082,462 shares of the industrial products company’s stock valued at $1,318,312,000 after purchasing an additional 39,757,462 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Alcoa by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,580,803 shares of the industrial products company’s stock valued at $615,428,000 after acquiring an additional 462,243 shares during the last quarter. State Street Corp grew its holdings in Alcoa by 6.7% during the 3rd quarter. State Street Corp now owns 11,458,529 shares of the industrial products company’s stock worth $376,871,000 after acquiring an additional 721,063 shares during the period. Geode Capital Management LLC raised its position in shares of Alcoa by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 6,655,655 shares of the industrial products company’s stock valued at $389,621,000 after acquiring an additional 349,426 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Alcoa by 211.7% in the 4th quarter. Bank of New York Mellon Corp now owns 6,254,017 shares of the industrial products company’s stock valued at $332,338,000 after purchasing an additional 4,247,559 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on AA shares. BMO Capital Markets lifted their price objective on Alcoa from $65.00 to $75.00 and gave the stock a “market perform” rating in a research note on Thursday, April 9th. B. Riley Financial decreased 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. Citigroup upped their price target on Alcoa from $54.00 to $76.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Royal Bank Of Canada set a $70.00 price objective on shares of Alcoa in a research note on Wednesday, July 1st. Finally, Argus set a $73.00 target price on shares of Alcoa in a research note on Monday, April 27th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $66.36.

Alcoa Stock Down 3.0%

AA traded down $1.48 during trading on Tuesday, hitting $48.40. The company had a trading volume of 1,530,333 shares, compared to its average volume of 6,457,091. The firm’s 50-day moving average price is $64.56 and its 200 day moving average price is $62.78. Alcoa has a one year low of $28.11 and a one year high of $84.38. The company has a market capitalization of $12.77 billion, a PE ratio of 12.22 and a beta of 1.63. The company has a quick ratio of 0.88, a current ratio of 1.48 and a debt-to-equity ratio of 0.36.

Alcoa (NYSE:AA) last announced its quarterly earnings data on Thursday, April 16th. The industrial products company reported $1.40 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.20). Alcoa had a return on equity of 12.57% and a net margin of 8.27%.The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the prior year, the firm earned $2.15 EPS. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. As a group, equities analysts expect that Alcoa will post 7.41 earnings per share for the current year.

Alcoa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Tuesday, May 19th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Tuesday, May 19th. Alcoa’s dividend payout ratio (DPR) is currently 10.13%.

Alcoa 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.