The Alcoa Inc. (AA) Director Acquires $22,603.75 in Stock

The Alcoa Inc. (AA) Director Acquires $22,603.75 in Stock

Alcoa Inc. (NYSE:AA) Director Ratan Tata purchased 845 shares of Alcoa stock in a transaction on Thursday, October 13th. The stock was bought at an average price of $26.75 per share, for a total transaction of $22,603.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Alcoa Inc. (NYSE:AA) traded down 1.16% on Friday, hitting $26.44. 9,371,826 shares of the company traded hands. The firm’s market capitalization is $11.59 billion. The stock’s 50-day moving average is $29.62 and its 200 day moving average is $29.80. Alcoa Inc. has a 12 month low of $18.42 and a 12 month high of $34.50.

Alcoa (NYSE:AA) last released its quarterly earnings data on Tuesday, October 11th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.21. Alcoa had a negative net margin of 0.88% and a positive return on equity of 3.87%. The firm earned $5.21 billion during the quarter. During the same quarter in the previous year, the business posted $0.07 earnings per share. Alcoa’s revenue for the quarter was down 6.5% on a year-over-year basis. Equities analysts forecast that Alcoa Inc. will post $0.44 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 25th. Investors of record on Friday, November 4th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Wednesday, November 2nd. Alcoa’s payout ratio is currently -63.15%.

A number of equities analysts have commented on AA shares. Goldman Sachs Group Inc. set a $30.00 price objective on shares of Alcoa and gave the stock a “hold” rating in a research note on Monday. Credit Suisse Group AG set a $39.00 price objective on shares of Alcoa and gave the stock a “buy” rating in a research note on Saturday, October 8th. Bank of America Corp. cut shares of Alcoa from a “buy” rating to a “neutral” rating in a research note on Tuesday. Royal Bank Of Canada dropped their price objective on shares of Alcoa to $31.00 and set a “sector perform” rating for the company in a research note on Wednesday. Finally, Deutsche Bank AG dropped their price objective on shares of Alcoa to $33.00 and set a “buy” rating for the company in a research note on Wednesday. Eleven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Alcoa currently has an average rating of “Buy” and an average price target of $17.74.

A number of large investors have recently added to or reduced their stakes in the company. Parametrica Management Ltd bought a new position in shares of Alcoa during the third quarter valued at $158,000. MSI Financial Services Inc raised its position in shares of Alcoa by 44.2% in the third quarter. MSI Financial Services Inc now owns 121,194 shares of the company’s stock valued at $1,229,000 after buying an additional 37,122 shares during the period. Canandaigua National Bank & Trust Co. raised its position in shares of Alcoa by 0.3% in the third quarter. Canandaigua National Bank & Trust Co. now owns 26,223 shares of the company’s stock valued at $266,000 after buying an additional 79 shares during the period. Patten & Patten Inc. TN raised its position in shares of Alcoa by 46.1% in the third quarter. Patten & Patten Inc. TN now owns 187,177 shares of the company’s stock valued at $1,898,000 after buying an additional 59,050 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in shares of Alcoa by 0.9% in the third quarter. Nisa Investment Advisors LLC now owns 174,582 shares of the company’s stock valued at $1,770,000 after buying an additional 1,618 shares during the period.

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