Prospera Financial Services Inc Has $1.77 Million Stock Holdings in Alcoa $AA

Prospera Financial Services Inc raised its stake in shares of Alcoa (NYSE:AA) by 181.0% in the 4th quarter, Holdings Channel reports. The firm owned 33,374 shares of the industrial products company’s stock after purchasing an additional 21,497 shares during the quarter. Prospera Financial Services Inc’s holdings in Alcoa were worth $1,774,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Nordea Investment Management AB raised its position in Alcoa by 187.7% during the 4th quarter. Nordea Investment Management AB now owns 408,624 shares of the industrial products company’s stock worth $21,902,000 after purchasing an additional 266,574 shares during the last quarter. Moran Wealth Management LLC acquired a new stake in Alcoa during the 4th quarter valued at approximately $2,631,000. Lighthouse Investment Partners LLC acquired a new stake in Alcoa during the 3rd quarter valued at approximately $5,606,000. Regal Partners Ltd increased its position in Alcoa by 7.0% during the 3rd quarter. Regal Partners Ltd now owns 451,940 shares of the industrial products company’s stock valued at $14,864,000 after purchasing an additional 29,612 shares during the period. Finally, Alphadyne Asset Management LP acquired a new stake in Alcoa during the 3rd quarter valued at approximately $2,467,000.

Alcoa Stock Down 2.1%

Shares of NYSE:AA opened at $73.04 on Thursday. The company has a market capitalization of $19.27 billion, a price-to-earnings ratio of 18.49 and a beta of 1.51. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.48 and a quick ratio of 0.88. The business’s 50-day moving average is $66.19 and its 200-day moving average is $58.35. Alcoa has a 1 year low of $25.83 and a 1 year high of $75.70.

Alcoa (NYSE:AA) last posted its quarterly earnings results on Thursday, April 16th. The industrial products company reported $1.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.20). Alcoa had a return on equity of 12.57% and a net margin of 8.27%.The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same period last year, the company posted $2.15 earnings per share. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. Equities research analysts predict that Alcoa will post 7.95 earnings per share for the current year.

Alcoa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Tuesday, May 19th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, May 19th. Alcoa’s dividend payout ratio is 10.13%.

Analysts Set New Price Targets

A number of analysts have weighed in on AA shares. Citigroup increased their target price on shares of Alcoa from $54.00 to $76.00 and gave the company a “buy” rating in a research report on Monday, March 16th. Morgan Stanley raised shares of Alcoa from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $64.00 to $80.00 in a research report on Thursday, April 9th. Weiss Ratings raised Alcoa from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. boosted their price objective on Alcoa from $68.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Finally, BMO Capital Markets boosted their price objective on Alcoa from $65.00 to $75.00 and gave the company a “market perform” rating in a research note on Thursday, April 9th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Alcoa has a consensus rating of “Hold” and an average price target of $68.60.

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.