U.S. Capital Wealth Advisors LLC Purchases New Position in Alcoa Co. (NYSE:AA)

U.S. Capital Wealth Advisors LLC purchased a new stake in Alcoa Co. (NYSE:AA) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 17,753 shares of the industrial products company’s stock, valued at approximately $706,000.

Other large investors have also recently added to or reduced their stakes in the company. Spire Wealth Management boosted its position in Alcoa by 252.5% in the 1st quarter. Spire Wealth Management now owns 899 shares of the industrial products company’s stock valued at $30,000 after buying an additional 644 shares during the last quarter. Tennessee Valley Asset Management Partners purchased a new position in Alcoa in the 4th quarter valued at about $31,000. Private Wealth Management Group LLC purchased a new position in Alcoa in the 4th quarter valued at about $33,000. Scarborough Advisors LLC purchased a new position in Alcoa in the 4th quarter valued at about $39,000. Finally, Quest Partners LLC purchased a new position in Alcoa in the 4th quarter valued at about $40,000. 82.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AA has been the subject of a number of analyst reports. Wolfe Research raised shares of Alcoa from an “underperform” rating to a “peer perform” rating in a research report on Friday, August 2nd. Morgan Stanley reduced their price target on shares of Alcoa from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. BMO Capital Markets increased their price target on shares of Alcoa from $35.00 to $37.00 and gave the stock a “market perform” rating in a research report on Thursday, April 18th. StockNews.com raised shares of Alcoa from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Finally, B. Riley increased their price target on shares of Alcoa from $39.00 to $43.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Alcoa has an average rating of “Hold” and a consensus price target of $38.80.

Alcoa Stock Performance

NYSE AA traded down $0.07 during trading hours on Friday, reaching $30.56. The company’s stock had a trading volume of 7,068,556 shares, compared to its average volume of 6,162,947. The company has a current ratio of 1.55, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The business has a 50-day simple moving average of $37.61 and a 200 day simple moving average of $34.76. Alcoa Co. has a 52 week low of $23.07 and a 52 week high of $45.48. The stock has a market cap of $5.49 billion, a PE ratio of -8.14 and a beta of 2.45.

Alcoa (NYSE:AA) last announced its quarterly earnings results on Wednesday, July 17th. The industrial products company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.11 by $0.05. Alcoa had a negative net margin of 5.14% and a negative return on equity of 7.29%. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter last year, the business earned ($0.35) earnings per share. Alcoa’s revenue was up 8.3% compared to the same quarter last year. Equities research analysts predict that Alcoa Co. will post 0.7 earnings per share for the current fiscal year.

Alcoa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Monday, August 12th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $0.40 annualized dividend and a dividend yield of 1.31%. Alcoa’s payout ratio is currently -10.64%.

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.