Insider Selling: Alcoa (NYSE:AA) EVP Sells 15,628 Shares of Stock

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

Alcoa Stock Performance

Shares of AA stock traded down $0.84 during trading on Friday, reaching $50.35. 2,413,011 shares of the company’s stock were exchanged, compared to its average volume of 6,199,719. The company has a quick ratio of 0.92, a current ratio of 1.53 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $13.29 billion, a PE ratio of 10.36, a PEG ratio of 0.56 and a beta of 1.63. Alcoa has a twelve month low of $30.21 and a twelve month high of $84.38. The firm’s fifty day moving average price is $49.21 and its 200-day moving average price is $60.03.

Alcoa (NYSE:AA) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $3.99 billion. Alcoa had a net margin of 9.48% and a return on equity of 18.90%. During the same period in the prior year, the business earned $0.39 EPS. As a group, sell-side analysts anticipate that Alcoa will post 6.55 EPS for the current year.

Alcoa Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently commented on AA shares. Argus decreased their target price on Alcoa from $73.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. BMO Capital Markets dropped their price target on Alcoa from $60.00 to $55.00 and set a “market perform” rating for the company in a report on Friday, July 17th. UBS Group reduced their price target on Alcoa from $80.00 to $68.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Bank of America decreased their price objective on Alcoa from $57.00 to $51.00 and set an “underperform” rating on the stock in a report on Thursday, July 9th. Finally, Zacks Research cut Alcoa from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $61.09.

Institutional Trading of Alcoa

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Alcoa during the 2nd quarter worth approximately $1,528,523,000. California State Teachers Retirement System raised its position in shares of Alcoa by 5,246.0% in the second quarter. California State Teachers Retirement System now owns 15,966,936 shares of the industrial products company’s stock valued at $832,516,000 after buying an additional 15,668,264 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Alcoa by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,580,803 shares of the industrial products company’s stock valued at $615,428,000 after buying an additional 462,243 shares in the last quarter. State Street Corp boosted its stake in shares of Alcoa by 6.7% in the third quarter. State Street Corp now owns 11,458,529 shares of the industrial products company’s stock valued at $376,871,000 after buying an additional 721,063 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Alcoa by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 6,655,655 shares of the industrial products company’s stock valued at $389,621,000 after buying an additional 349,426 shares during the period. Institutional investors own 82.39% of the company’s stock.

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.