19,390 Shares in Alcoa $AA Acquired by Wellington Shields Capital Management LLC

Wellington Shields Capital Management LLC bought a new position in shares of Alcoa (NYSE:AA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,390 shares of the industrial products company’s stock, valued at approximately $1,030,000.

A number of other large investors have also recently made changes to their positions in AA. Mirabella Financial Services LLP increased its stake in shares of Alcoa by 12,233.1% during the third quarter. Mirabella Financial Services LLP now owns 40,082,462 shares of the industrial products company’s stock worth $1,318,312,000 after buying an additional 39,757,462 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Alcoa by 13.5% during the third quarter. Dimensional Fund Advisors LP now owns 11,118,560 shares of the industrial products company’s stock worth $365,710,000 after buying an additional 1,322,540 shares during the period. Man Group plc increased its holdings in Alcoa by 12,588.2% in the third quarter. Man Group plc now owns 1,164,902 shares of the industrial products company’s stock valued at $38,314,000 after buying an additional 1,155,721 shares during the last quarter. L1 Capital Pty Ltd increased its holdings in Alcoa by 22.3% in the third quarter. L1 Capital Pty Ltd now owns 5,887,699 shares of the industrial products company’s stock valued at $193,646,000 after buying an additional 1,073,357 shares during the last quarter. Finally, State Street Corp increased its holdings in Alcoa by 9.8% in the second quarter. State Street Corp now owns 10,737,466 shares of the industrial products company’s stock valued at $316,863,000 after buying an additional 959,240 shares during the last quarter.

Alcoa Trading Up 0.1%

NYSE AA opened at $71.43 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.48 and a quick ratio of 0.88. The firm’s fifty day moving average price is $65.85 and its 200 day moving average price is $57.82. The company has a market capitalization of $18.85 billion, a price-to-earnings ratio of 18.08 and a beta of 1.51. Alcoa has a 12 month low of $25.83 and a 12 month high of $75.70.

Alcoa (NYSE:AA) last posted its earnings results on Thursday, April 16th. The industrial products company reported $1.40 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.20). The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Alcoa had a net margin of 8.27% and a return on equity of 12.57%. The company’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period last year, the business earned $2.15 earnings per share. On average, sell-side analysts expect that Alcoa will post 7.95 earnings per share for the current fiscal year.

Alcoa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Tuesday, May 19th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, May 19th. Alcoa’s dividend payout ratio (DPR) is 10.13%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AA. Wall Street Zen cut Alcoa from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. BMO Capital Markets upped their price objective on Alcoa from $65.00 to $75.00 and gave the stock a “market perform” rating in a research report on Thursday, April 9th. Morgan Stanley raised Alcoa from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $64.00 to $80.00 in a research report on Thursday, April 9th. Weiss Ratings raised Alcoa from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Finally, Zacks Research lowered shares of Alcoa from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $68.60.

About Alcoa

Alcoa Corporation is a global industry leader in the production and management of aluminum, offering an integrated value chain that spans bauxite mining, alumina refining, primary aluminum smelting and the fabrication of value-added products. The company’s operations are organized into segments that include raw material extraction, chemical processing and the manufacture of metal mill products and engineered solutions.

Alcoa’s product portfolio serves diverse end markets such as aerospace, automotive, packaging, construction, electrical and industrial applications.