Alcoa Co. (NYSE:AA) Shares Purchased by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd raised its position in Alcoa Co. (NYSE:AA) by 25.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 438,819 shares of the industrial products company’s stock after purchasing an additional 89,389 shares during the quarter. Temasek Holdings Private Ltd owned 0.17% of Alcoa worth $16,579,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in AA. Ballentine Partners LLC boosted its position in shares of Alcoa by 3.2% during 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 in the last quarter. Bessemer Group Inc. lifted its stake in Alcoa by 77.1% during the fourth quarter. Bessemer Group Inc. now owns 680 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 296 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Alcoa by 0.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 52,624 shares of the industrial products company’s stock valued at $1,988,000 after purchasing an additional 300 shares in the last quarter. Wilmington Savings Fund Society FSB increased its stake in Alcoa by 5.3% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,521 shares of the industrial products company’s stock valued at $246,000 after purchasing an additional 328 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in Alcoa by 5.8% during the fourth 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 in the last quarter. 82.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AA. UBS Group reaffirmed a “neutral” rating and issued a $31.00 target price on shares of Alcoa in a research report on Thursday. JPMorgan Chase & Co. cut their target price on Alcoa from $28.00 to $25.00 and set a “neutral” rating on the stock 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 on the stock in a research note on Thursday, April 17th. Q1 EBITDA beat expectations, Q2 EBITDA estimate raised to 439M from 351M StockNews.com upgraded Alcoa from a “hold” rating to a “buy” rating in a research note on Friday, April 18th. Finally, Morgan Stanley lowered their target price on shares of Alcoa from $55.00 to $51.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.08.

Alcoa Stock Performance

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 stock has a market cap of $7.64 billion, a price-to-earnings ratio of -184.42, a price-to-earnings-growth ratio of 0.19 and a beta of 2.29. Alcoa Co. has a fifty-two week low of $21.53 and a fifty-two week high of $47.77. The business has a fifty day moving average of $27.80 and a 200-day moving average of $34.91.

Alcoa (NYSE:AA) last released its earnings results on Wednesday, April 16th. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.42. The company had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.58 billion. Alcoa had a net margin of 0.50% and a return on equity of 5.54%. As a group, analysts predict that Alcoa Co. will post 4.43 earnings per share for the current fiscal year.

Alcoa Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Tuesday, May 20th. Alcoa’s dividend payout ratio (DPR) is 12.05%.

About Alcoa

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.