Alcoa $AA Stake Decreased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in Alcoa (NYSE:AA) by 14.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,821 shares of the industrial products company’s stock after selling 20,918 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Alcoa were worth $3,654,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AA. IFP Advisors Inc boosted its position in Alcoa by 1,096.0% during the 2nd quarter. IFP Advisors Inc now owns 897 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 822 shares during the period. Horrell Capital Management Inc. acquired a new stake in Alcoa in the second quarter worth about $30,000. Quarry LP bought a new position in Alcoa in the 1st quarter valued at about $57,000. Banque Transatlantique SA acquired a new position in Alcoa during the 1st quarter valued at about $74,000. Finally, Hantz Financial Services Inc. raised its position in shares of Alcoa by 357.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 2,656 shares of the industrial products company’s stock worth $78,000 after buying an additional 2,076 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AA shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Alcoa in a report on Wednesday. Argus set a $45.00 target price on Alcoa in a research report on Thursday, October 30th. BMO Capital Markets lifted their price target on Alcoa from $35.00 to $37.00 and gave the company a “market perform” rating in a research report on Thursday, October 23rd. Wells Fargo & Company began coverage on Alcoa in a research note on Tuesday, October 7th. They issued an “overweight” rating and a $40.00 price objective on the stock. Finally, Morgan Stanley set a $43.50 target price on Alcoa in a report on Friday, October 24th. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Alcoa has a consensus rating of “Hold” and an average target price of $42.35.

Alcoa Price Performance

Shares of NYSE:AA opened at $36.32 on Friday. The company has a market capitalization of $9.41 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 0.20 and a beta of 2.26. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.91 and a current ratio of 1.56. The stock has a fifty day moving average of $35.86 and a 200-day moving average of $31.84. Alcoa has a one year low of $21.53 and a one year high of $47.77.

Alcoa (NYSE:AA) last issued its earnings results on Wednesday, October 22nd. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.13. Alcoa had a return on equity of 15.85% and a net margin of 8.91%.The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same period in the previous year, the firm posted $0.57 EPS. The company’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, equities analysts anticipate that Alcoa will post 4.43 EPS for the current fiscal year.

Alcoa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Tuesday, November 4th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.1%. The ex-dividend date was Tuesday, November 4th. Alcoa’s payout ratio is presently 9.24%.

Alcoa 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.