Inceptionr LLC Makes New $435,000 Investment in Alcoa Co. (NYSE:AA)

Inceptionr LLC acquired a new position in Alcoa Co. (NYSE:AA) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,519 shares of the industrial products company’s stock, valued at approximately $435,000.

Other hedge funds have also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in shares of Alcoa in the fourth quarter worth about $29,000. Smartleaf Asset Management LLC boosted its stake in shares of Alcoa by 59.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,051 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 393 shares during the period. Quarry LP bought a new position in shares of Alcoa in the third quarter worth about $43,000. Continuum Advisory LLC boosted its stake in shares of Alcoa by 1,945.5% in the third quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 1,070 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of Alcoa by 78.5% in the fourth quarter. UMB Bank n.a. now owns 1,360 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 598 shares during the period. Institutional investors own 82.39% of the company’s stock.

Alcoa Trading Up 0.0 %

Shares of AA stock opened at $32.84 on Friday. Alcoa Co. has a 1 year low of $27.12 and a 1 year high of $47.77. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 0.86. The stock’s 50 day simple moving average is $35.92 and its two-hundred day simple moving average is $37.96. The company has a market cap of $8.50 billion, a PE ratio of -205.27, a price-to-earnings-growth ratio of 0.19 and a beta of 2.55.

Alcoa (NYSE:AA) last issued its quarterly earnings data on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share (EPS) 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 predict that Alcoa Co. will post 4.43 earnings per share for the current year.

Alcoa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.40 dividend on an annualized basis and a yield of 1.22%. Alcoa’s dividend payout ratio (DPR) is presently -250.00%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on AA shares. Bank of America upped their price objective on Alcoa to $58.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. BMO Capital Markets increased their price target on Alcoa to $43.00 and gave the company a “hold” rating in a research note on Friday, January 17th. Morgan Stanley dropped their price target on Alcoa from $55.00 to $51.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. JPMorgan Chase & Co. increased their price target on Alcoa from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Finally, Jefferies Financial Group dropped their price target on Alcoa from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.55.

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.