Mount Vernon Associates Inc. MD boosted its position in shares of Alcoa Inc. (NYSE:AA) by 3.6% during the second quarter, Holdings Channel reports. The fund owned 86,300 shares of the company’s stock after buying an additional 3,000 shares during the period. Mount Vernon Associates Inc. MD’s holdings in Alcoa were worth $800,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Chevy Chase Trust Holdings Inc. raised its stake in shares of Alcoa by 2.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 1,109,865 shares of the company’s stock worth $10,632,000 after buying an additional 29,915 shares during the last quarter. DnB Asset Management AS raised its stake in shares of Alcoa by 53.3% in the first quarter. DnB Asset Management AS now owns 107,875 shares of the company’s stock worth $1,033,000 after buying an additional 37,500 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Alcoa by 16.2% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 252,529 shares of the company’s stock worth $2,419,000 after buying an additional 35,190 shares during the last quarter. Exxonmobil Investment Management Inc. TX raised its stake in shares of Alcoa by 9.0% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 320,133 shares of the company’s stock worth $3,067,000 after buying an additional 26,478 shares during the last quarter. Finally, Nepsis Capital Management Inc. bought a new stake in shares of Alcoa during the first quarter worth $3,583,000.

Shares of Alcoa Inc. (NYSE:AA) traded down 0.85% during mid-day trading on Monday, reaching $9.36. 20,731,067 shares of the company’s stock were exchanged. The company’s market capitalization is $12.31 billion. The company’s 50-day moving average price is $10.13 and its 200-day moving average price is $9.91. Alcoa Inc. has a one year low of $6.14 and a one year high of $11.50.

Alcoa (NYSE:AA) last released its quarterly earnings results on Monday, July 11th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. Alcoa had a negative net margin of 1.45% and a positive return on equity of 3.44%. The business had revenue of $5.30 billion for the quarter. During the same quarter in the prior year, the business posted $0.19 earnings per share. The firm’s quarterly revenue was down 10.2% on a year-over-year basis. On average, equities analysts expect that Alcoa Inc. will post $0.44 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 25th. Stockholders of record on Friday, August 5th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Wednesday, August 3rd. Alcoa’s dividend payout ratio is currently -42.86%.

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Alcoa in a research note on Tuesday, July 12th. BMO Capital Markets reaffirmed a “hold” rating and set a $9.00 target price on shares of Alcoa in a research note on Tuesday, July 12th. Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 target price on shares of Alcoa in a research note on Wednesday, June 15th. Macquarie reaffirmed a “buy” rating on shares of Alcoa in a research note on Tuesday, July 12th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Alcoa in a research note on Tuesday, May 31st. Ten equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $11.29.

In other news, Director Ulrich Schmidt purchased 5,000 shares of the stock in a transaction dated Wednesday, July 20th. The shares were acquired at an average cost of $10.40 per share, for a total transaction of $52,000.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $104,000. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Alcoa Company Profile

Alcoa Inc is engaged in lightweight metals engineering and manufacturing. The Company operates in five segments: Alumina, Primary Metals, Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. The Company’s multi-material products, which include aluminum, titanium and nickel, are used across the world in aerospace, automobiles, commercial transportation, packaging, building and construction, defense, consumer electronics, oil and gas, and industrial applications.

5 Day Chart for NYSE:AA

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