Alcoa Co. (NYSE:AA) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its position in Alcoa Co. (NYSE:AA) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,359 shares of the industrial products company’s stock after selling 5,716 shares during the period. Mutual of America Capital Management LLC owned approximately 0.06% of Alcoa worth $3,752,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of AA. Neo Ivy Capital Management purchased a new position in shares of Alcoa in the second quarter worth $27,000. Fairfield Bush & CO. purchased a new position in shares of Alcoa in the first quarter worth $29,000. Resurgent Financial Advisors LLC purchased a new position in shares of Alcoa in the fourth quarter worth $32,000. Quent Capital LLC raised its holdings in shares of Alcoa by 64.2% in the fourth quarter. Quent Capital LLC now owns 990 shares of the industrial products company’s stock worth $34,000 after buying an additional 387 shares during the last quarter. Finally, ICA Group Wealth Management LLC purchased a new position in shares of Alcoa in the fourth quarter worth $36,000.

Insider Activity

In other news, EVP Tammi A. Jones sold 26,468 shares of Alcoa stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $30.78, for a total value of $814,685.04. Following the sale, the executive vice president now owns 41,166 shares in the company, valued at $1,267,089.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AA. Bank of America raised their price target on shares of Alcoa from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, March 18th. UBS Group initiated coverage on shares of Alcoa in a report on Tuesday, January 16th. They issued a “sell” rating and a $29.00 price target for the company. JPMorgan Chase & Co. raised their target price on shares of Alcoa from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Thursday, January 18th. BMO Capital Markets reduced their target price on shares of Alcoa from $30.00 to $29.00 and set a “market perform” rating for the company in a report on Thursday, January 18th. Finally, Morgan Stanley raised their target price on shares of Alcoa from $27.00 to $29.50 and gave the stock an “underweight” rating in a report on Thursday, January 18th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $30.88.

Alcoa Stock Down 1.3 %

AA opened at $36.08 on Wednesday. Alcoa Co. has a fifty-two week low of $23.07 and a fifty-two week high of $42.23. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.74 and a current ratio of 1.45. The company has a fifty day moving average of $30.65 and a two-hundred day moving average of $28.93. The stock has a market capitalization of $6.48 billion, a price-to-earnings ratio of -9.88, a PEG ratio of 2.39 and a beta of 2.47.

Alcoa (NYSE:AA) last released its quarterly earnings data on Wednesday, January 17th. The industrial products company reported ($0.56) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.85) by $0.29. Alcoa had a negative net margin of 6.17% and a negative return on equity of 6.56%. The company had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter in the previous year, the company earned ($0.70) earnings per share. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. On average, research analysts expect that Alcoa Co. will post 0.31 earnings per share for the current year.

Alcoa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Tuesday, March 5th were issued a $0.10 dividend. The ex-dividend date was Monday, March 4th. This represents a $0.40 dividend on an annualized basis and a yield of 1.11%. Alcoa’s payout ratio is -10.96%.

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.