Alcoa Inc (AA) : Deane Retirement Strategies added new position in Alcoa Inc during the most recent quarter end. The investment management firm now holds 261,130 shares of Alcoa Inc which is valued at $2,715,752 , the company said in a statement filed on Apr 18, 2016 with the SEC.Alcoa Inc makes up approximately 2.55% of Deane Retirement Strategies’s portfolio.
Alcoa Inc closed down -0.02 points or -0.19% at $10.4 with 2,01,71,712 shares getting traded on Friday. Post opening the session at $10.45, the shares hit an intraday low of $10.32 and an intraday high of $10.64 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Sigma Planning Corp reduced its stake in AA by selling 4,783 shares or 14.1% in the most recent quarter. The Hedge Fund company now holds 29,133 shares of AA which is valued at $302,983. Alcoa Inc makes up approx 0.04% of Sigma Planning Corp’s portfolio. Integrated Investment Consultants added AA to its portfolio by purchasing 7,500 company shares during the most recent quarter which is valued at $75,075. Alcoa Inc makes up approx 0.04% of Integrated Investment Consultants’s portfolio.Chevy Chase Trust Holdings boosted its stake in AA in the latest quarter, The investment management firm added 29,915 additional shares and now holds a total of 1,109,865 shares of Alcoa Inc which is valued at $10,810,085. Alcoa Inc makes up approx 0.06% of Chevy Chase Trust Holdings’s portfolio.
On the company’s financial health, Alcoa Inc reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 11, 2016. Analyst had a consensus of $0.03. The company had revenue of $4947.00 million for the quarter, compared to analysts expectations of $5153.58 million. The company’s revenue was down -15.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.28 EPS.
Investors should note that on Mar 29, 2016, Alcoa Inc announced a cash dividend of $0.0300. The company’s management has announced May 4, 2016 as the ex-dividend date and fixed the record date on May 6, 2016. The payable date has been fixed on May 25, 2016.
Many Wall Street Analysts have commented on Alcoa Inc. Shares were Reiterated by Stifel on Apr 12, 2016 to “Buy” and Lowered the Price Target to $ 13 from a previous price target of $14 .Alcoa Inc was Initiated by Credit Suisse to “Outperform” on Mar 11, 2016. Berenberg Initiated Alcoa Inc on Mar 3, 2016 to “Hold”, Price Target of the shares are set at $9.
Alcoa Inc. (Alcoa) is engaged in lightweight metals engineering and manufacturing. The Company operates in four segments: Alumina Primary Metals Global Rolled Products and Engineered Products and Solutions. Its products which include aluminum titanium and nickel are used in aircraft automobiles commercial transportation packaging building and construction oil and gas defense consumer electronics and industrial applications across the world. It also produces and manages primary aluminum fabricated aluminum and alumina combined through its active participation in the aspects of the industry including technology mining refining smelting fabricating and recycling. The Company has investments and operating activities in Australia Brazil China Guinea Iceland Russia and Saudi Arabia among others. It produces three dimensional (3D-printed) titanium specialty metals and plastic parts for aerospace medical and energy applications.