Vanguard Personalized Indexing Management LLC Has $673,000 Stock Holdings in Alcoa Co. (NYSE:AA)

Vanguard Personalized Indexing Management LLC lifted its position in shares of Alcoa Co. (NYSE:AA) by 34.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,788 shares of the industrial products company’s stock after buying an additional 5,058 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Alcoa were worth $673,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Daiwa Securities Group Inc. lifted its position in shares of Alcoa by 1.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 26,485 shares of the industrial products company’s stock valued at $900,000 after acquiring an additional 338 shares during the period. Quent Capital LLC lifted its position in Alcoa by 64.2% during the fourth quarter. Quent Capital LLC now owns 990 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 387 shares during the period. Raymond James & Associates grew its stake in Alcoa by 2.5% during the third quarter. Raymond James & Associates now owns 20,874 shares of the industrial products company’s stock worth $607,000 after buying an additional 501 shares in the last quarter. Yousif Capital Management LLC increased its holdings in Alcoa by 0.7% in the 4th quarter. Yousif Capital Management LLC now owns 87,960 shares of the industrial products company’s stock valued at $2,991,000 after buying an additional 574 shares during the period. Finally, Apollon Wealth Management LLC raised its position in shares of Alcoa by 8.8% in the 4th quarter. Apollon Wealth Management LLC now owns 7,758 shares of the industrial products company’s stock valued at $264,000 after buying an additional 628 shares in the last quarter. Institutional investors and hedge funds own 82.39% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on AA. Jefferies Financial Group lifted their price objective on shares of Alcoa from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Bank of America upped their price objective on Alcoa from $31.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, March 18th. Morgan Stanley raised Alcoa from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $28.50 to $36.50 in a research note on Monday, April 22nd. B. Riley raised their price target on shares of Alcoa from $25.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday, April 18th. Finally, BMO Capital Markets upped their price objective 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. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $33.54.

Alcoa Price Performance

Shares of AA opened at $42.15 on Thursday. The business has a 50-day moving average of $35.92 and a 200-day moving average of $31.06. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.61 and a quick ratio of 0.93. The company has a market capitalization of $7.57 billion, a price-to-earnings ratio of -11.21, a price-to-earnings-growth ratio of 4.36 and a beta of 2.45. Alcoa Co. has a 1 year low of $23.07 and a 1 year high of $44.57.

Alcoa (NYSE:AA) last issued its quarterly earnings results on Wednesday, April 17th. The industrial products company reported ($0.81) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.19). Alcoa had a negative return on equity of 8.51% and a negative net margin of 6.41%. The firm had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the firm posted ($0.23) EPS. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. As a group, equities research analysts anticipate that Alcoa Co. will post 0.2 earnings per share for the current year.

Alcoa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Tuesday, May 21st will be given a dividend of $0.10 per share. The ex-dividend date is Monday, May 20th. This represents a $0.40 annualized dividend and a dividend yield of 0.95%. Alcoa’s payout ratio is -10.64%.

Insider Buying and Selling

In other Alcoa news, EVP Tammi A. Jones sold 26,468 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $30.78, for a total value of $814,685.04. Following the transaction, the executive vice president now directly owns 41,166 shares of the company’s stock, valued at $1,267,089.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.08% of the stock is currently owned by insiders.

Alcoa 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.