Alcoa EVP Olivier M. Jarrault Sells 47,469 Shares (AA)
Alcoa (NYSE:AA) EVP Olivier M. Jarrault sold 47,469 shares of the company’s stock on the open market in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $12.16, for a total value of $577,223.04. Following the completion of the transaction, the executive vice president now directly owns 246,322 shares of the company’s stock, valued at approximately $2,995,276. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus raised their price target on shares of Alcoa from $11.00 to $14.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, 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, January 21st. They now have a $15.00 price target on the stock, up previously from $9.00. Finally, 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. Six research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Alcoa currently has an average rating of “Hold” and an average price target of $9.64.
Shares of Alcoa (NYSE:AA) traded down 0.33% on Thursday, hitting $11.95. The stock had a trading volume of 23,225,812 shares. Alcoa has a 52-week low of $7.63 and a 52-week high of $12.32. The stock has a 50-day moving average of $10.62 and a 200-day moving average of $9.02. The company’s market cap is $12.799 billion. Alcoa also was the target of unusually large options trading on Wednesday. Investors purchased 39,323 put options on the stock. This is an increase of approximately 119% compared to the typical daily volume of 17,943 put options.
Alcoa (NYSE:AA) last released its earnings data on Thursday, January 9th. The company reported $0.04 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.06 earnings per share. Alcoa’s revenue was down 5.3% compared to the same quarter last year. On average, analysts predict that Alcoa will post $0.30 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, February 25th. Stockholders 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 1.00%. 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.
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