Captrust Financial Advisors Has $240,000 Stake in Alcoa Co. (NYSE:AA)

Captrust Financial Advisors raised its position in shares of Alcoa Co. (NYSE:AA) by 20.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,208 shares of the industrial products company’s stock after acquiring an additional 1,050 shares during the period. Captrust Financial Advisors’ holdings in Alcoa were worth $240,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Newbridge Financial Services Group Inc. acquired a new stake in shares of Alcoa in the second quarter valued at approximately $27,000. UMB Bank n.a. boosted its stake in Alcoa by 481.7% in the third quarter. UMB Bank n.a. now owns 762 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 631 shares during the last quarter. Fifth Third Bancorp boosted its stake in Alcoa by 15.1% in the second quarter. Fifth Third Bancorp now owns 2,353 shares of the industrial products company’s stock valued at $94,000 after acquiring an additional 309 shares during the last quarter. William B. Walkup & Associates Inc. bought a new position in Alcoa in the second quarter valued at approximately $102,000. Finally, Blue Trust Inc. boosted its stake in Alcoa by 536.7% in the second quarter. Blue Trust Inc. now owns 2,878 shares of the industrial products company’s stock valued at $114,000 after acquiring an additional 2,426 shares during the last quarter. Institutional investors and hedge funds own 82.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. BMO Capital Markets raised their price objective on shares of Alcoa from $42.00 to $45.00 and gave the company a “market perform” rating in a research note on Thursday, October 17th. UBS Group lifted their price target on shares of Alcoa from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. B. Riley Financial reaffirmed a “neutral” rating and issued a $41.00 price objective on shares of Alcoa in a research report on Tuesday, September 17th. Argus raised shares of Alcoa from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Wednesday, October 23rd. Finally, Morgan Stanley boosted their price objective on shares of Alcoa from $48.00 to $49.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Alcoa has a consensus rating of “Moderate Buy” and an average target price of $46.73.

Alcoa Stock Down 1.3 %

Shares of AA stock opened at $39.12 on Monday. The company has a current ratio of 1.41, a quick ratio of 0.80 and a debt-to-equity ratio of 0.47. Alcoa Co. has a 1 year low of $24.86 and a 1 year high of $47.77. The firm’s fifty day moving average price is $42.65 and its two-hundred day moving average price is $38.26. The firm has a market capitalization of $10.11 billion, a P/E ratio of -22.23, a PEG ratio of 0.79 and a beta of 2.44.

Alcoa (NYSE:AA) last issued its quarterly earnings results on Wednesday, October 16th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.34. Alcoa had a negative net margin of 2.65% and a negative return on equity of 1.45%. The firm had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same period in the previous year, the business earned ($1.14) EPS. The company’s revenue was up 11.6% compared to the same quarter last year. On average, equities analysts predict that Alcoa Co. will post 0.9 EPS for the current fiscal year.

Alcoa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, October 29th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $0.40 annualized dividend and a dividend yield of 1.02%. Alcoa’s dividend payout ratio is presently -22.73%.

Insider Transactions at Alcoa

In related news, EVP Renato Bacchi sold 23,867 shares of Alcoa stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $42.29, for a total transaction of $1,009,335.43. Following the completion of the sale, the executive vice president now owns 57,317 shares of the company’s stock, valued at approximately $2,423,935.93. The trade was a 29.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.08% of the stock is owned by company insiders.

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.