Measured Wealth Private Client Group LLC Invests $513,000 in Alcoa $AA

Measured Wealth Private Client Group LLC purchased a new position in shares of Alcoa (NYSE:AA) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 9,661 shares of the industrial products company’s stock, valued at approximately $513,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Mirabella Financial Services LLP lifted its holdings in shares of Alcoa by 12,233.1% during the 3rd quarter. Mirabella Financial Services LLP now owns 40,082,462 shares of the industrial products company’s stock worth $1,318,312,000 after acquiring an additional 39,757,462 shares during the period. State Street Corp lifted its holdings in shares of Alcoa by 6.7% during the 3rd quarter. State Street Corp now owns 11,458,529 shares of the industrial products company’s stock worth $376,871,000 after acquiring an additional 721,063 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Alcoa by 13.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 11,118,560 shares of the industrial products company’s stock worth $365,710,000 after acquiring an additional 1,322,540 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Alcoa by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 6,655,655 shares of the industrial products company’s stock worth $389,621,000 after acquiring an additional 349,426 shares during the period. Finally, L1 Capital Pty Ltd lifted its holdings in shares of Alcoa by 22.3% during the 3rd quarter. L1 Capital Pty Ltd now owns 5,887,699 shares of the industrial products company’s stock worth $193,646,000 after acquiring an additional 1,073,357 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. BMO Capital Markets increased their price objective on shares of Alcoa from $65.00 to $75.00 and gave the company a “market perform” rating in a research note on Thursday, April 9th. UBS Group raised shares of Alcoa from a “neutral” rating to a “buy” rating and increased their price objective for the company from $75.00 to $80.00 in a research note on Friday, May 22nd. Wells Fargo & Company set a $68.00 price objective on shares of Alcoa in a research note on Thursday, March 12th. JPMorgan Chase & Co. increased their price objective on shares of Alcoa from $68.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Finally, Citigroup increased their price objective on shares of Alcoa from $54.00 to $76.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $68.60.

Alcoa Trading Up 2.7%

NYSE:AA opened at $77.59 on Friday. The company has a current ratio of 1.48, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $20.48 billion, a price-to-earnings ratio of 19.64 and a beta of 1.51. The firm has a fifty day simple moving average of $66.66 and a two-hundred day simple moving average of $58.75. Alcoa has a 12 month low of $25.83 and a 12 month high of $77.72.

Alcoa (NYSE:AA) last posted its quarterly 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 analyst estimates of $3.35 billion. Alcoa had a return on equity of 12.57% and a net margin of 8.27%.The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.15 earnings per share. Analysts expect that Alcoa will post 7.95 EPS for the current fiscal year.

Alcoa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Tuesday, May 19th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Tuesday, May 19th. Alcoa’s dividend payout ratio (DPR) is presently 10.13%.

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.