Alcoa Co. (NYSE:AA) Shares Bought by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV raised its stake in Alcoa Co. (NYSE:AA) by 25.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 111,143 shares of the industrial products company’s stock after acquiring an additional 22,610 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Alcoa were worth $4,188,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Alcoa by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 25,979,129 shares of the industrial products company’s stock worth $981,491,000 after buying an additional 165,420 shares during the period. Norges Bank acquired a new position in shares of Alcoa during the 4th quarter worth approximately $259,273,000. Geode Capital Management LLC raised its stake in shares of Alcoa by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 4,232,766 shares of the industrial products company’s stock worth $159,966,000 after buying an additional 39,022 shares during the period. ARGA Investment Management LP raised its stake in shares of Alcoa by 29.6% during the 4th quarter. ARGA Investment Management LP now owns 2,998,311 shares of the industrial products company’s stock worth $113,276,000 after buying an additional 684,505 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Alcoa by 8.1% during the 4th quarter. Bank of New York Mellon Corp now owns 2,550,861 shares of the industrial products company’s stock worth $96,372,000 after buying an additional 192,078 shares during the period. 82.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on AA shares. JPMorgan Chase & Co. dropped their price target on Alcoa from $28.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, April 17th. B. Riley dropped their price target on Alcoa from $44.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Q1 EBITDA beat expectations, Q2 EBITDA estimate raised to 439M from 351M Barclays boosted their price target on Alcoa to $31.00 and gave the stock a “hold” rating in a research report on Friday. BMO Capital Markets boosted their price target on Alcoa to $43.00 and gave the stock a “hold” rating in a research report on Friday, January 17th. Finally, StockNews.com upgraded Alcoa from a “hold” rating to a “buy” rating in a research report on Friday, April 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.08.

Alcoa Stock Up 2.9%

Shares of NYSE:AA opened at $29.51 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 0.48. The business has a fifty day moving average of $27.80 and a two-hundred day moving average of $34.95. The stock has a market cap of $7.64 billion, a P/E ratio of -184.42, a PEG ratio of 0.19 and a beta of 2.29. Alcoa Co. has a 52-week low of $21.53 and a 52-week high of $47.77.

Alcoa (NYSE:AA) last released its quarterly earnings results on Wednesday, April 16th. The industrial products company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.42. The business had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.58 billion. Alcoa had a return on equity of 5.54% and a net margin of 0.50%. On average, research analysts expect that Alcoa Co. will post 4.43 earnings per share for the current year.

Alcoa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Tuesday, May 20th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Tuesday, May 20th. Alcoa’s dividend payout ratio is presently 12.05%.

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.