Focus Partners Advisor Solutions LLC Grows Stake in Alcoa $AA

Focus Partners Advisor Solutions LLC boosted its position in shares of Alcoa (NYSE:AA) by 31.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,870 shares of the industrial products company’s stock after purchasing an additional 3,582 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Alcoa were worth $454,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Continuum Advisory LLC increased its holdings in Alcoa by 30.7% during the 4th quarter. Continuum Advisory LLC now owns 1,470 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 345 shares during the period. Captrust Financial Advisors increased its holdings in Alcoa by 5.8% during the 4th quarter. Captrust Financial Advisors now owns 6,569 shares of the industrial products company’s stock worth $248,000 after purchasing an additional 361 shares during the period. Versant Capital Management Inc increased its holdings in Alcoa by 134.7% during the 1st quarter. Versant Capital Management Inc now owns 906 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 520 shares during the period. Circle Wealth Management LLC increased its holdings in Alcoa by 7.5% during the 4th quarter. Circle Wealth Management LLC now owns 8,746 shares of the industrial products company’s stock worth $330,000 after purchasing an additional 612 shares during the period. Finally, State of Michigan Retirement System increased its holdings in Alcoa by 1.1% during the 1st quarter. State of Michigan Retirement System now owns 61,875 shares of the industrial products company’s stock worth $1,887,000 after purchasing an additional 700 shares during the period.

Alcoa Stock Up 1.7%

Alcoa stock opened at $31.82 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.65 and a quick ratio of 0.97. The stock has a market capitalization of $8.24 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 0.18 and a beta of 2.26. Alcoa has a 1-year low of $21.53 and a 1-year high of $47.77. The business has a fifty day moving average price of $30.64 and a 200-day moving average price of $29.46.

Alcoa (NYSE:AA) last posted its quarterly earnings data on Wednesday, July 16th. The industrial products company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Alcoa had a return on equity of 19.18% and a net margin of 7.86%.The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 EPS. Equities research analysts forecast that Alcoa will post 4.43 EPS for the current fiscal year.

Alcoa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Tuesday, August 12th were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.3%. Alcoa’s dividend payout ratio (DPR) is presently 10.44%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AA shares. B. Riley cut their price target on Alcoa from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Tuesday, July 15th. Wall Street Zen downgraded Alcoa from a “buy” rating to a “hold” rating in a report on Sunday, June 22nd. Citigroup upgraded Alcoa to a “buy” rating and set a $42.00 price target on the stock in a report on Tuesday, July 8th. UBS Group reiterated a “neutral” rating and issued a $31.00 price target on shares of Alcoa in a report on Thursday, May 15th. Finally, JPMorgan Chase & Co. cut their price target on Alcoa from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Thursday, July 17th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $41.67.

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.