Alcoa VP Sells $178,473 in Stock (AA)
Alcoa (NYSE:AA) VP Robert Sean Collins unloaded 14,665 shares of Alcoa stock on the open market in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $12.17, for a total value of $178,473.05. Following the completion of the sale, the vice president now directly owns 36,648 shares of the company’s stock, valued at approximately $446,006. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on AA shares. Analysts at JPMorgan Chase & Co. upgraded shares of Alcoa from a “neutral” rating to an “overweight” rating in a research note to investors on Tuesday. They now have a $15.00 price target on the stock, up previously from $9.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Alcoa in a research note to investors on Tuesday, January 14th. They now have a $11.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Alcoa from $8.00 to $10.00 in a research note to investors on Monday, January 13th. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $9.50.
Alcoa (NYSE:AA) traded up 0.74% during mid-day trading on Wednesday, hitting $12.22. The stock had a trading volume of 56,485,024 shares. Alcoa has a one year low of $7.63 and a one year high of $11.53. The stock has a 50-day moving average of $10.11 and a 200-day moving average of $8.83. The company’s market cap is $13.088 billion. Alcoa also saw unusually large options trading activity on Monday. Traders purchased 19,504 put options on the company. This is an increase of 100% compared to the average daily volume of 9,734 put options.
Alcoa (NYSE:AA) last issued its quarterly earnings data on Thursday, January 9th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.02. The company had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.43 billion. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. Analysts expect that Alcoa will post $0.30 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, February 25th. Shareholders of record on Friday, February 7th will be given a dividend of 0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Wednesday, February 5th.
Alcoa Inc (NYSE:AA) is engaged in the production and management of primary aluminum, fabricated aluminum, and alumina combined, through its participation in technology, mining, refining, smelting, fabricating, and recycling.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.