Union Bancaire Privee UBP SA Invests $454,000 in Alcoa Co. (NYSE:AA)

Union Bancaire Privee UBP SA purchased a new position in Alcoa Co. (NYSE:AA) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 12,790 shares of the industrial products company’s stock, valued at approximately $454,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP acquired a new position in shares of Alcoa in the 3rd quarter worth approximately $43,000. Continuum Advisory LLC increased its stake in shares of Alcoa by 1,945.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 1,070 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Alcoa by 78.5% in the 4th quarter. UMB Bank n.a. now owns 1,360 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 598 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Alcoa by 399.0% in the 4th 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 in the last quarter. Finally, Millburn Ridgefield Corp bought a new stake in shares of Alcoa in the 3rd quarter valued at $89,000. Institutional investors and hedge funds own 82.39% of the company’s stock.

Alcoa Stock Performance

Shares of AA stock opened at $35.02 on Tuesday. The firm has a market capitalization of $9.05 billion, a PE ratio of -218.85, a price-to-earnings-growth ratio of 0.21 and a beta of 2.43. The firm has a fifty day simple moving average of $36.86 and a two-hundred day simple moving average of $37.95. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. Alcoa Co. has a 12 month low of $24.86 and a 12 month high of $47.77.

Alcoa (NYSE:AA) last posted its earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.13. Alcoa had a net margin of 0.50% and a return on equity of 5.54%. Analysts forecast that Alcoa Co. will post 4.43 EPS for the current fiscal year.

Alcoa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 4th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.40 annualized dividend and a dividend yield of 1.14%. Alcoa’s payout ratio is -250.00%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AA shares. BMO Capital Markets lifted their price objective on shares of Alcoa to $43.00 and gave the company a “hold” rating in a research note on Friday, January 17th. Morgan Stanley lowered their price objective on shares of 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. lifted their price objective on shares of Alcoa from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. B. Riley upgraded shares of Alcoa to a “strong-buy” rating in a research note on Tuesday, January 21st. Finally, Bank of America lifted their price objective on shares of Alcoa to $58.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.