Alcoa Co. (NYSE:AA) Shares Acquired by Swiss National Bank

Swiss National Bank increased its position in Alcoa Co. (NYSE:AA) by 10.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 508,113 shares of the industrial products company’s stock after acquiring an additional 47,200 shares during the period. Swiss National Bank’s holdings in Alcoa were worth $19,197,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Ballentine Partners LLC increased its holdings in shares of Alcoa by 3.2% in the 4th quarter. Ballentine Partners LLC now owns 8,973 shares of the industrial products company’s stock worth $339,000 after acquiring an additional 279 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of Alcoa by 0.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 52,624 shares of the industrial products company’s stock worth $1,988,000 after acquiring an additional 300 shares during the period. Wilmington Savings Fund Society FSB increased its stake in Alcoa by 5.3% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 6,521 shares of the industrial products company’s stock valued at $246,000 after buying an additional 328 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Alcoa by 3.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,469 shares of the industrial products company’s stock valued at $365,000 after buying an additional 339 shares during the period. Finally, CreativeOne Wealth LLC increased its stake in Alcoa by 4.1% during the 3rd quarter. CreativeOne Wealth LLC now owns 9,114 shares of the industrial products company’s stock valued at $352,000 after buying an additional 360 shares during the period. Institutional investors and hedge funds own 82.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on AA. Jefferies Financial Group lowered their target price on shares of Alcoa from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. BMO Capital Markets raised their target price on shares of Alcoa to $43.00 and gave the company a “hold” rating in a research note on Friday, January 17th. Bank of America raised their target price on shares of Alcoa to $58.00 and gave the company a “buy” rating in a research note on Friday, January 24th. HC Wainwright raised their target price on shares of Alcoa to $90.00 and gave the company a “buy” rating in a research note on Tuesday, March 11th. Finally, B. Riley upgraded shares of Alcoa to a “strong-buy” rating in a research report on Tuesday, January 21st. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $50.17.

Alcoa Stock Performance

Shares of AA opened at $33.96 on Wednesday. Alcoa Co. has a one year low of $27.12 and a one year high of $47.77. The company has a 50-day moving average of $35.36 and a two-hundred day moving average of $37.99. The stock has a market cap of $8.79 billion, a price-to-earnings ratio of -212.22, a PEG ratio of 0.19 and a beta of 2.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 0.86.

Alcoa (NYSE:AA) last announced its earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.91 by $0.13. Alcoa had a net margin of 0.50% and a return on equity of 5.54%. On average, equities research analysts expect that Alcoa Co. will post 4.43 earnings per share for the current year.

Alcoa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Tuesday, March 4th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Tuesday, March 4th. Alcoa’s payout ratio is -250.00%.

Alcoa Company 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.