Alcoa (NYSE:AA) EVP Tammi Jones Sells 15,628 Shares

Alcoa (NYSE:AA) EVP Tammi Jones sold 15,628 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $50.60, for a total transaction of $790,776.80. Following the sale, the executive vice president owned 39,819 shares in the company, valued at approximately $2,014,841.40. The trade was a 28.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Alcoa Price Performance

Shares of AA opened at $50.35 on Friday. Alcoa has a twelve month low of $30.21 and a twelve month high of $84.38. The company has a market capitalization of $13.29 billion, a P/E ratio of 10.36, a price-to-earnings-growth ratio of 0.58 and a beta of 1.63. The firm has a 50 day moving average of $49.03 and a 200 day moving average of $59.97. The company has a quick ratio of 0.92, a current ratio of 1.53 and a debt-to-equity ratio of 0.30.

Alcoa (NYSE:AA) last released its quarterly earnings data on Thursday, July 16th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.13). The business had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.99 billion. Alcoa had a net margin of 9.48% and a return on equity of 18.90%. During the same period last year, the company posted $0.39 earnings per share. As a group, equities research analysts anticipate that Alcoa will post 6.55 earnings per share for the current fiscal year.

Alcoa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Tuesday, August 11th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.40 annualized dividend and a dividend yield of 0.8%. Alcoa’s dividend payout ratio (DPR) is 8.23%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Alcoa during the 2nd quarter valued at $1,528,523,000. California State Teachers Retirement System increased its stake in shares of Alcoa by 5,246.0% in the 2nd quarter. California State Teachers Retirement System now owns 15,966,936 shares of the industrial products company’s stock worth $832,516,000 after purchasing an additional 15,668,264 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Alcoa by 211.7% in the 4th quarter. Bank of New York Mellon Corp now owns 6,254,017 shares of the industrial products company’s stock worth $332,338,000 after purchasing an additional 4,247,559 shares during the period. Castle Hook Partners LP bought a new position in Alcoa in the 4th quarter worth $210,874,000. Finally, Maple Rock Capital Partners Inc. purchased a new position in Alcoa during the fourth quarter valued at $173,412,000.

Wall Street Analyst Weigh In

AA has been the subject of a number of research analyst reports. UBS Group cut their target price on shares of Alcoa from $80.00 to $68.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Zacks Research downgraded Alcoa from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Royal Bank Of Canada set a $70.00 price objective on Alcoa in a report on Wednesday, July 1st. Wall Street Zen upgraded Alcoa from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, Wells Fargo & Company reduced their price objective on Alcoa from $72.00 to $71.00 and set an “overweight” rating for the company in a research report on Friday, July 17th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $61.09.

About Alcoa

Alcoa Corporation is a global industry leader in the production and management of aluminum, offering an integrated value chain that spans bauxite mining, alumina refining, primary aluminum smelting and the fabrication of value-added products. The company’s operations are organized into segments that include raw material extraction, chemical processing and the manufacture of metal mill products and engineered solutions.

Alcoa’s product portfolio serves diverse end markets such as aerospace, automotive, packaging, construction, electrical and industrial applications.