Alcoa Co. (NYSE:AA) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its holdings in Alcoa Co. (NYSE:AA) by 83.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 208,272 shares of the industrial products company’s stock after selling 1,083,309 shares during the period. Thrivent Financial for Lutherans’ holdings in Alcoa were worth $7,869,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AA. SBI Securities Co. Ltd. purchased a new stake in shares of Alcoa during the fourth quarter valued at $29,000. Smartleaf Asset Management LLC raised its holdings in Alcoa by 59.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,051 shares of the industrial products company’s stock worth $39,000 after buying an additional 393 shares during the period. Quarry LP acquired a new stake in Alcoa during the 3rd quarter worth about $43,000. Continuum Advisory LLC lifted its stake in Alcoa by 1,945.5% during the third quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company’s stock valued at $46,000 after buying an additional 1,070 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings 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 buying an additional 598 shares during the period. 82.39% of the stock is currently owned by institutional investors.

Alcoa Stock Performance

AA stock opened at $33.95 on Monday. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 0.48. Alcoa Co. has a 12 month low of $27.12 and a 12 month high of $47.77. The firm has a 50 day moving average of $35.29 and a two-hundred day moving average of $38.06. The company has a market capitalization of $8.79 billion, a price-to-earnings ratio of -212.16, a P/E/G ratio of 0.19 and a beta of 2.55.

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

Alcoa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 4th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Tuesday, March 4th. Alcoa’s payout ratio is -250.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group cut their price target on shares of Alcoa from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Bank of America increased their target price on Alcoa to $58.00 and gave the company a “buy” rating in a report on Friday, January 24th. Morgan Stanley lowered their price target on Alcoa from $55.00 to $51.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. B. Riley raised Alcoa to a “strong-buy” rating in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. upped their target price on Alcoa from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $50.17.

About Alcoa

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.