Measured Wealth Private Client Group LLC Acquires Shares of 9,661 Alcoa $AA

Measured Wealth Private Client Group LLC acquired a new stake in Alcoa (NYSE:AA) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,661 shares of the industrial products company’s stock, valued at approximately $513,000.

A number of other large investors have also recently made changes to their positions in AA. Mirabella Financial Services LLP lifted its stake in shares of Alcoa by 12,233.1% in the third 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 buying an additional 39,757,462 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Alcoa by 13.5% during the third quarter. Dimensional Fund Advisors LP now owns 11,118,560 shares of the industrial products company’s stock valued at $365,710,000 after purchasing an additional 1,322,540 shares in the last quarter. Norges Bank bought a new position in shares of Alcoa during the fourth quarter valued at about $67,582,000. Man Group plc lifted its position in shares of Alcoa by 12,588.2% during the third quarter. Man Group plc now owns 1,164,902 shares of the industrial products company’s stock valued at $38,314,000 after purchasing an additional 1,155,721 shares in the last quarter. Finally, L1 Capital Pty Ltd lifted its position in shares of Alcoa by 22.3% during the third quarter. L1 Capital Pty Ltd now owns 5,887,699 shares of the industrial products company’s stock valued at $193,646,000 after purchasing an additional 1,073,357 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Weiss Ratings raised shares of Alcoa from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. raised their price target on shares of Alcoa from $68.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. B. Riley Financial raised their price target on shares of Alcoa from $78.00 to $96.00 and gave the company a “buy” rating in a research report on Tuesday, April 7th. Wall Street Zen lowered shares of Alcoa from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Argus set a $73.00 price target on shares of Alcoa in a research report on Monday, April 27th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $68.60.

Alcoa Stock Performance

Shares of AA stock opened at $77.59 on Friday. The firm has a market cap of $20.48 billion, a price-to-earnings ratio of 19.64 and a beta of 1.51. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.48. Alcoa has a 52 week low of $25.83 and a 52 week high of $77.72. The firm’s 50-day simple moving average is $66.66 and its two-hundred day simple moving average is $58.75.

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 the consensus estimate of $1.60 by ($0.20). The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.35 billion. Alcoa had a return on equity of 12.57% and a net margin of 8.27%.The business’s revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.15 EPS. As a group, equities analysts forecast that Alcoa will post 7.95 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 5th. Stockholders of record on Tuesday, May 19th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. Alcoa’s dividend payout ratio (DPR) is presently 10.13%.

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.