Alcoa (NYSE:AA) EVP Sells $790,776.80 in Stock

Alcoa (NYSE:AA) EVP Tammi Jones sold 15,628 shares of Alcoa stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $50.60, for a total value of $790,776.80. Following the completion of the transaction, the executive vice president directly owned 39,819 shares in the company, valued at $2,014,841.40. This represents a 28.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Alcoa Stock Up 0.1%

Shares of NYSE:AA opened at $50.35 on Monday. The stock has a 50-day simple moving average of $49.03 and a 200-day simple moving average of $59.95. The stock has a market capitalization of $13.29 billion, a P/E ratio of 10.36, a PEG ratio of 0.57 and a beta of 1.63. Alcoa has a 1 year low of $30.21 and a 1 year high of $84.38. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.92 and a current ratio of 1.53.

Alcoa (NYSE:AA) last posted its quarterly earnings results on Thursday, July 16th. The industrial products company reported $2.12 EPS for the quarter, missing the consensus estimate of $2.25 by ($0.13). The business had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.99 billion. Alcoa had a net margin of 9.48% and a return on equity of 18.90%. During the same quarter in the previous year, the business posted $0.39 EPS. Equities analysts forecast that Alcoa will post 6.55 earnings per share for the current year.

Alcoa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Tuesday, August 11th were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.40 annualized dividend and a yield of 0.8%. Alcoa’s dividend payout ratio (DPR) is 8.23%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Wall Street Zen upgraded Alcoa from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Bank of America dropped their price target on shares of Alcoa from $57.00 to $51.00 and set an “underperform” rating for the company in a research note on Thursday, July 9th. Royal Bank Of Canada set a $70.00 price objective on shares of Alcoa in a research note on Wednesday, July 1st. Wells Fargo & Company decreased their price objective on shares of Alcoa from $72.00 to $71.00 and set an “overweight” rating for the company in a report on Friday, July 17th. Finally, Weiss Ratings raised shares of Alcoa from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 17th. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Alcoa presently has an average rating of “Hold” and a consensus target price of $61.09.

Institutional Trading of Alcoa

Several institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp boosted its stake in Alcoa by 3,061.2% in the first quarter. Fifth Third Bancorp now owns 63,098 shares of the industrial products company’s stock valued at $4,185,000 after acquiring an additional 61,102 shares during the period. Advisors Preferred LLC bought a new position in shares of Alcoa during the first quarter valued at approximately $1,613,000. XY Capital Ltd acquired a new stake in shares of Alcoa during the 1st quarter worth approximately $1,662,000. Quantbot Technologies LP acquired a new stake in shares of Alcoa during the 2nd quarter worth approximately $1,179,000. Finally, Regal Partners Ltd lifted its holdings in shares of Alcoa by 567.4% in the 1st quarter. Regal Partners Ltd now owns 356,330 shares of the industrial products company’s stock worth $23,635,000 after purchasing an additional 302,940 shares during the last quarter. Institutional investors own 82.39% of the company’s stock.

About Alcoa

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.