Alcoa $AA Shares Acquired by Mirabella Financial Services LLP

Mirabella Financial Services LLP increased its stake in shares of Alcoa (NYSE:AA) by 62.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 325,000 shares of the industrial products company’s stock after acquiring an additional 125,000 shares during the quarter. Alcoa comprises approximately 1.0% of Mirabella Financial Services LLP’s portfolio, making the stock its 22nd largest holding. Mirabella Financial Services LLP owned about 0.13% of Alcoa worth $9,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Cetera Investment Advisers increased its position in shares of Alcoa by 19.0% during the first quarter. Cetera Investment Advisers now owns 16,368 shares of the industrial products company’s stock worth $499,000 after purchasing an additional 2,615 shares in the last quarter. Natixis Advisors LLC grew its stake in Alcoa by 110.4% during the 1st quarter. Natixis Advisors LLC now owns 26,953 shares of the industrial products company’s stock worth $822,000 after buying an additional 14,145 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Alcoa by 0.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,899,066 shares of the industrial products company’s stock worth $57,922,000 after buying an additional 6,832 shares during the period. Deutsche Bank AG increased its position in Alcoa by 481.2% during the first quarter. Deutsche Bank AG now owns 907,117 shares of the industrial products company’s stock worth $27,667,000 after buying an additional 751,053 shares during the period. Finally, National Bank of Canada FI lifted its stake in Alcoa by 16.6% in the first quarter. National Bank of Canada FI now owns 33,685 shares of the industrial products company’s stock valued at $1,027,000 after buying an additional 4,807 shares during the last quarter.

Alcoa Price Performance

Shares of NYSE:AA opened at $44.02 on Friday. The firm has a market capitalization of $11.40 billion, a price-to-earnings ratio of 10.17, a price-to-earnings-growth ratio of 0.23 and a beta of 1.99. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.56 and a quick ratio of 0.91. The business’s 50 day simple moving average is $37.51 and its 200-day simple moving average is $32.69. Alcoa has a 12 month low of $21.53 and a 12 month high of $46.19.

Alcoa (NYSE:AA) last issued its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.13. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $3.03 billion. Alcoa had a return on equity of 15.85% and a net margin of 8.91%.Alcoa’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 earnings per share. As a group, equities analysts forecast that Alcoa will post 4.43 earnings per share for the current fiscal year.

Alcoa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Tuesday, November 4th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, November 4th. Alcoa’s dividend payout ratio is presently 9.24%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AA. BMO Capital Markets raised their target price on shares of Alcoa from $35.00 to $37.00 and gave the stock a “market perform” rating in a research report on Thursday, October 23rd. Morgan Stanley set a $43.50 price target on shares of Alcoa in a research note on Friday, October 24th. B. Riley raised their price objective on shares of Alcoa from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. UBS Group upped their target price on shares of Alcoa from $31.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, September 19th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Alcoa in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.35.

Alcoa Company 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.