United Capital Financial Advisers LLC reduced its position in Alcoa Co. (NYSE:AA – Get Rating) by 14.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,054 shares of the industrial products company’s stock after selling 1,534 shares during the quarter. United Capital Financial Advisers LLC’s holdings in Alcoa were worth $305,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Wipfli Financial Advisors LLC purchased a new stake in shares of Alcoa during the third quarter valued at $27,000. Neo Ivy Capital Management purchased a new stake in shares of Alcoa during the second quarter valued at $27,000. Fairfield Bush & CO. purchased a new stake in shares of Alcoa during the first quarter valued at $29,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of Alcoa during the third quarter valued at $32,000. Finally, Ritter Daniher Financial Advisory LLC DE purchased a new stake in shares of Alcoa during the second quarter valued at $33,000.
Insider Transactions at Alcoa
In other news, CEO Roy Christopher Harvey sold 30,000 shares of the business’s stock in a transaction dated Wednesday, February 8th. The shares were sold at an average price of $51.34, for a total transaction of $1,540,200.00. Following the completion of the sale, the chief executive officer now owns 950,140 shares of the company’s stock, valued at $48,780,187.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Roy Christopher Harvey sold 30,000 shares of the business’s stock in a transaction dated Wednesday, February 8th. The shares were sold at an average price of $51.34, for a total transaction of $1,540,200.00. Following the completion of the sale, the chief executive officer now owns 950,140 shares of the company’s stock, valued at $48,780,187.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Harden Sonya Elam sold 4,514 shares of the company’s stock in a transaction dated Tuesday, January 31st. The shares were sold at an average price of $51.87, for a total transaction of $234,141.18. Following the sale, the executive vice president now directly owns 29,427 shares of the company’s stock, valued at approximately $1,526,378.49. The disclosure for this sale can be found here. Insiders sold 210,188 shares of company stock valued at $11,017,365 over the last 90 days.
Wall Street Analyst Weigh In
Alcoa Trading Down 6.6 %
Shares of Alcoa stock opened at $50.17 on Wednesday. The firm has a 50-day simple moving average of $50.20 and a two-hundred day simple moving average of $46.38. The company has a market cap of $8.95 billion, a P/E ratio of -59.02, a price-to-earnings-growth ratio of 7.44 and a beta of 2.45. Alcoa Co. has a fifty-two week low of $33.55 and a fifty-two week high of $98.09. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.94 and a current ratio of 1.75.
Alcoa (NYSE:AA – Get Rating) last issued its quarterly earnings data on Wednesday, January 18th. The industrial products company reported ($0.70) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.85) by $0.15. The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.70 billion. Alcoa had a negative net margin of 0.82% and a positive return on equity of 13.17%. The company’s revenue was down 20.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.50 earnings per share. As a group, equities analysts predict that Alcoa Co. will post 2.41 earnings per share for the current fiscal year.
Alcoa Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Tuesday, March 7th will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, March 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.80%. Alcoa’s dividend payout ratio is currently -47.06%.
Alcoa Company Profile
Alcoa Corp. engages in the production of bauxite, alumina, and aluminum products. It operates through the following segments: Bauxite, Alumina, and Aluminum. The Bauxite segment represents the company’ global bauxite mining operations. The Alumina segment includes the company’s worldwide refining system, which processes bauxite into alumina.
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