Alcoa Co. (NYSE:AA) Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise trimmed its position in shares of Alcoa Co. (NYSE:AA) by 19.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,244 shares of the industrial products company’s stock after selling 800 shares during the period. Banque Cantonale Vaudoise’s holdings in Alcoa were worth $129,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC boosted its position in Alcoa by 39.4% during the 4th quarter. CWM LLC now owns 2,723 shares of the industrial products company’s stock worth $93,000 after acquiring an additional 769 shares during the period. Victory Capital Management Inc. lifted its holdings in Alcoa by 44.1% in the fourth quarter. Victory Capital Management Inc. now owns 426,793 shares of the industrial products company’s stock worth $14,511,000 after purchasing an additional 130,660 shares during the period. M&T Bank Corp grew its position in Alcoa by 22.9% in the 4th quarter. M&T Bank Corp now owns 11,518 shares of the industrial products company’s stock valued at $391,000 after buying an additional 2,146 shares in the last quarter. National Bank of Canada FI increased its stake in Alcoa by 33.5% during the 4th quarter. National Bank of Canada FI now owns 122,853 shares of the industrial products company’s stock valued at $4,091,000 after buying an additional 30,844 shares during the period. Finally, Private Advisor Group LLC bought a new stake in shares of Alcoa during the 4th quarter worth about $247,000. 82.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AA has been the topic of a number of research analyst reports. B. Riley raised their price objective on shares of Alcoa from $39.00 to $43.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th. Wolfe Research raised Alcoa from an “underperform” rating to a “peer perform” rating in a research note on Friday, August 2nd. Morgan Stanley decreased their target price on Alcoa from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. StockNews.com upgraded shares of Alcoa from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Finally, Bank of America reduced their price objective on shares of Alcoa from $46.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, July 18th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $39.40.

Alcoa Stock Down 5.9 %

AA stock opened at $30.22 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 0.92. The firm has a market capitalization of $5.43 billion, a P/E ratio of -8.04 and a beta of 2.45. Alcoa Co. has a 52-week low of $23.07 and a 52-week high of $45.48. The company’s 50 day simple moving average is $34.76 and its 200-day simple moving average is $35.35.

Alcoa (NYSE:AA) last announced its earnings results on Wednesday, July 17th. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.05. The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.84 billion. Alcoa had a negative net margin of 5.14% and a negative return on equity of 7.29%. The company’s revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.35) EPS. As a group, equities research analysts anticipate that Alcoa Co. will post 0.7 EPS for the current year.

Alcoa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Monday, August 12th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.40 dividend on an annualized basis and a yield of 1.32%. Alcoa’s payout ratio is presently -10.64%.

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.