6 hours Ago By ABMN Staff
Charles Schwab Investment Management Inc. grew its holdings in Alcoa Co. ( NYSE:AA – Free Report ) by 0.
2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,892,234 shares of the industrial products company’s stock after acquiring an additional 3,644 shares during the quarter.
Charles Schwab Investment Management Inc.’s holdings in Alcoa were worth $71,489,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also bought and sold shares of the business.
Ballentine Partners LLC increased its stake in shares of Alcoa by 3.2% during the fourth quarter. Ballentine Partners LLC now owns 8,973 shares of the industrial products company’s stock valued at $339,000 after buying an additional 279 shares during the period.
Oregon Public Employees Retirement Fund increased its stake in shares of Alcoa by 0.6% during 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 buying an additional 300 shares during the period.
Wilmington Savings Fund Society FSB increased its stake in shares of Alcoa by 5.3% during 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 buying an additional 328 shares during the period.
Wealth Enhancement Advisory Services LLC increased its stake in shares of Alcoa by 3.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,469 shares of the industrial products company’s stock valued at $365,000 after buying an additional 339 shares during the period.
Finally, CreativeOne Wealth LLC increased its stake in shares of Alcoa by 4.1% during the third quarter. CreativeOne Wealth LLC now owns 9,114 shares of the industrial products company’s stock valued at $352,000 after buying an additional 360 shares during the period.
Hedge funds and other institutional investors own 82.39% of the company’s stock. Alcoa Stock Performance Shares of Alcoa stock opened at $31.
93 on Wednesday. Alcoa Co. has a 52 week low of $27.
12 and a 52 week high of $47.77. The business’s fifty day simple moving average is $35.
68 and its 200-day simple moving average is $37.97. The firm has a market cap of $8.
27 billion, a PE ratio of -199.54, a price-to-earnings-growth ratio of 0.19 and a beta of 2.
55. The company has a quick ratio of 0.86, a current ratio of 1.
45 and a debt-to-equity ratio of 0.48. Alcoa Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th.
Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, March 4th.
This represents a $0.40 annualized dividend and a yield of 1.25%.
Alcoa’s dividend payout ratio (DPR) is -250.00%. Wall Street Analyst Weigh In Several brokerages have recently commented on AA.
Bank of America raised their price target on Alcoa to $58.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Morgan Stanley cut their target price on Alcoa from $55.
00 to $51.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. B.
Riley upgraded Alcoa to a “strong-buy” rating in a research note on Tuesday, January 21st. Jefferies Financial Group cut their target price on Alcoa from $50.00 to $45.
00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, BMO Capital Markets lifted their target price on Alcoa to $43.00 and gave the company a “hold” rating in a research note on Friday, January 17th.
Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $50.
17. Check Out Our Latest Analysis on AA About Alcoa ( Free Report ) 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. Read More Want to see what other hedge funds are holding AA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alcoa Co.
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