Global Retirement Partners LLC Has $316,000 Position in Alcoa Co. (NYSE:AA)

Global Retirement Partners LLC grew its stake in Alcoa Co. (NYSE:AA) by 32.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,360 shares of the industrial products company’s stock after buying an additional 2,070 shares during the period. Global Retirement Partners LLC’s holdings in Alcoa were worth $316,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Quarry LP acquired a new stake in Alcoa during the 3rd quarter valued at approximately $43,000. Continuum Advisory LLC boosted its stake in shares of Alcoa by 1,945.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 1,070 shares during the last quarter. UMB Bank n.a. increased its position in shares of Alcoa by 78.5% during the fourth quarter. UMB Bank n.a. now owns 1,360 shares of the industrial products company’s stock worth $51,000 after buying an additional 598 shares during the period. GAMMA Investing LLC raised its stake in Alcoa by 399.0% during the fourth quarter. GAMMA Investing LLC now owns 1,447 shares of the industrial products company’s stock worth $55,000 after buying an additional 1,157 shares during the last quarter. Finally, Millburn Ridgefield Corp acquired a new position in Alcoa in the third quarter valued at $89,000. 82.39% of the stock is currently owned by institutional investors.

Alcoa Stock Performance

AA opened at $35.02 on Tuesday. The company has a market cap of $9.05 billion, a price-to-earnings ratio of -218.85, a PEG ratio of 0.21 and a beta of 2.43. The company’s fifty day moving average price is $36.86 and its two-hundred day moving average price is $37.95. Alcoa Co. has a 1-year low of $24.86 and a 1-year high of $47.77. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48.

Alcoa (NYSE:AA) last announced its quarterly earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share for the quarter, beating 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, analysts expect that Alcoa Co. will post 4.43 EPS for the current fiscal year.

Alcoa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 4th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.40 annualized dividend and a yield of 1.14%. Alcoa’s dividend payout ratio (DPR) is currently -250.00%.

Wall Street Analysts Forecast Growth

AA has been the subject of a number of recent analyst reports. B. Riley upgraded Alcoa to a “strong-buy” rating in a report on Tuesday, January 21st. Bank of America raised their target price on Alcoa to $58.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. BMO Capital Markets boosted their price target on Alcoa to $43.00 and gave the company a “hold” rating in a research note on Friday, January 17th. JPMorgan Chase & Co. increased their price target on Alcoa from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Finally, Jefferies Financial Group lowered their price objective on shares of Alcoa from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.55.

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.