Banco Bilbao Vizcaya Argentaria S.A. Purchases Shares of 35,357 Alcoa Co. (NYSE:AA)

Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in shares of Alcoa Co. (NYSE:AA) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 35,357 shares of the industrial products company’s stock, valued at approximately $1,335,000.

A number of other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. lifted its holdings in Alcoa by 77.1% during the 4th quarter. Bessemer Group Inc. now owns 680 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 296 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Alcoa during the fourth quarter worth $29,000. Smartleaf Asset Management LLC lifted its holdings in shares of Alcoa by 59.7% during the fourth 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 in the last quarter. UMB Bank n.a. boosted its position 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 valued at $51,000 after acquiring an additional 598 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Alcoa by 399.0% in the fourth 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. Institutional investors own 82.39% of the company’s stock.

Alcoa Stock Down 2.8 %

Shares of NYSE AA opened at $25.69 on Monday. The stock has a 50-day moving average price of $29.91 and a two-hundred day moving average price of $36.45. Alcoa Co. has a 12 month low of $21.53 and a 12 month high of $47.77. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. The company has a market cap of $6.65 billion, a price-to-earnings ratio of -160.56, a PEG ratio of 0.19 and a beta of 2.28.

Alcoa (NYSE:AA) last issued its quarterly earnings data on Wednesday, April 16th. The industrial products company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.73 by $0.42. The business had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.58 billion. Alcoa had a net margin of 0.50% and a return on equity of 5.54%. As a group, analysts forecast that Alcoa Co. will post 4.43 earnings per share for the current fiscal year.

Alcoa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 4th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, March 4th. This represents a $0.40 dividend on an annualized basis and a yield of 1.56%. Alcoa’s dividend payout ratio is currently 12.05%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AA. HC Wainwright lifted their price objective on shares of Alcoa to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. UBS Group cut their price target on Alcoa from $47.00 to $32.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. JPMorgan Chase & Co. lowered their price objective on Alcoa from $28.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Bank of America reaffirmed an “underperform” rating and issued a $26.00 price objective (down from $58.00) on shares of Alcoa in a report on Tuesday, April 8th. Finally, BMO Capital Markets increased their target price on Alcoa to $43.00 and gave the stock a “hold” rating in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.17.

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.