5,000 Shares in Alcoa Co. (NYSE:AA) Purchased by U S Global Investors Inc.

U S Global Investors Inc. acquired a new stake in shares of Alcoa Co. (NYSE:AA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,000 shares of the industrial products company’s stock, valued at approximately $189,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Quarry LP purchased a new position in shares of Alcoa in the third quarter valued at $43,000. Continuum Advisory LLC grew its holdings in Alcoa by 1,945.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company’s stock valued at $46,000 after buying an additional 1,070 shares in the last quarter. UMB Bank n.a. increased its position in shares of Alcoa by 78.5% during the fourth quarter. UMB Bank n.a. now owns 1,360 shares of the industrial products company’s stock valued at $51,000 after buying an additional 598 shares during the period. GAMMA Investing LLC boosted its position in shares of Alcoa by 399.0% in the fourth quarter. GAMMA Investing LLC now owns 1,447 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 1,157 shares during the period. Finally, Millburn Ridgefield Corp purchased a new position in Alcoa during the third quarter valued at approximately $89,000. Institutional investors own 82.39% of the company’s stock.

Alcoa Price Performance

Shares of NYSE:AA opened at $33.45 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 0.48. The stock has a market cap of $8.66 billion, a PE ratio of -209.04, a PEG ratio of 0.19 and a beta of 2.43. The company’s fifty day moving average is $36.64 and its 200 day moving average is $37.92. Alcoa Co. has a 52 week low of $25.97 and a 52 week high of $47.77.

Alcoa (NYSE:AA) last released its earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13. Alcoa had a return on equity of 5.54% and a net margin of 0.50%. Research analysts anticipate that Alcoa Co. will post 4.43 earnings per share for the current year.

Alcoa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 4th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.20%. The ex-dividend date is Tuesday, March 4th. Alcoa’s dividend payout ratio (DPR) is currently -250.00%.

Analysts Set New Price Targets

Several research analysts have commented on AA shares. Bank of America raised their price target on shares of Alcoa to $58.00 and gave the company a “buy” rating in a report on Friday, January 24th. JPMorgan Chase & Co. raised their price target on Alcoa from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Morgan Stanley decreased their price objective on shares of Alcoa from $55.00 to $51.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. B. Riley upgraded shares of Alcoa to a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, BMO Capital Markets increased their price target on shares of Alcoa to $43.00 and gave the stock a “hold” rating in a report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $46.55.

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.