Tammi Jones Sells 15,628 Shares of Alcoa (NYSE:AA) Stock

Alcoa (NYSE:AA) EVP Tammi Jones sold 15,628 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $50.60, for a total transaction of $790,776.80. Following the completion of the sale, the executive vice president directly owned 39,819 shares of the company’s stock, valued at approximately $2,014,841.40. This trade represents a 28.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Alcoa Stock Performance

Shares of NYSE:AA opened at $50.35 on Friday. The firm’s 50 day simple moving average is $49.03 and its 200-day simple moving average is $59.97. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.92 and a current ratio of 1.53. Alcoa has a one year low of $30.21 and a one year high of $84.38. The firm has a market cap of $13.29 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 0.57 and a beta of 1.63.

Alcoa (NYSE:AA) last announced its quarterly earnings results on Thursday, July 16th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.13). Alcoa had a net margin of 9.48% and a return on equity of 18.90%. The firm had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the previous year, the firm posted $0.39 EPS. As a group, equities analysts predict that Alcoa will post 6.55 EPS for the current year.

Alcoa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Tuesday, August 11th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.40 dividend on an annualized basis and a yield of 0.8%. Alcoa’s payout ratio is 8.23%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AA. BlackRock Inc. bought a new stake in Alcoa during the second quarter valued at about $1,528,523,000. California State Teachers Retirement System raised its holdings in Alcoa by 5,246.0% in the second quarter. California State Teachers Retirement System now owns 15,966,936 shares of the industrial products company’s stock worth $832,516,000 after purchasing an additional 15,668,264 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Alcoa by 211.7% during the fourth quarter. Bank of New York Mellon Corp now owns 6,254,017 shares of the industrial products company’s stock valued at $332,338,000 after buying an additional 4,247,559 shares during the last quarter. Castle Hook Partners LP purchased a new stake in shares of Alcoa during the fourth quarter valued at about $210,874,000. Finally, Maple Rock Capital Partners Inc. bought a new stake in shares of Alcoa in the 4th quarter valued at about $173,412,000.

Wall Street Analysts Forecast Growth

AA has been the topic of a number of recent research reports. Royal Bank Of Canada set a $70.00 price target on Alcoa in a research report on Wednesday, July 1st. B. Riley Financial lowered their price objective on shares of Alcoa from $92.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Argus lowered their price objective on shares of Alcoa from $73.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. BMO Capital Markets dropped their target price on shares of Alcoa from $60.00 to $55.00 and set a “market perform” rating on the stock in a report on Friday, July 17th. Finally, Wall Street Zen raised shares of Alcoa from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have 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 $61.09.

Alcoa Company Profile

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.