Bank of New York Mellon Corp Has $208.29 Million Holdings in Alcoa $AA

Bank of New York Mellon Corp cut its position in Alcoa (NYSE:AA) by 49.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,140,167 shares of the industrial products company’s stock after selling 3,113,850 shares during the quarter. Bank of New York Mellon Corp’s holdings in Alcoa were worth $208,287,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Basepoint Wealth LLC bought a new stake in Alcoa during the fourth quarter worth $25,000. Advisory Services Network LLC bought a new position in shares of Alcoa in the 3rd quarter valued at about $27,000. Raleigh Capital Management Inc. grew its position in shares of Alcoa by 52,500.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 526 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 525 shares during the period. CoreCap Advisors LLC increased its stake in shares of Alcoa by 74.1% during the 4th quarter. CoreCap Advisors LLC now owns 557 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 237 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Alcoa by 5,281.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 592 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 581 shares during the last quarter.

Alcoa Stock Down 6.4%

Alcoa stock opened at $43.84 on Friday. The company’s 50-day moving average price is $61.70 and its two-hundred day moving average price is $62.46. The company has a quick ratio of 0.88, a current ratio of 1.48 and a debt-to-equity ratio of 0.36. The stock has a market cap of $11.57 billion, a P/E ratio of 9.02, a P/E/G ratio of 0.47 and a beta of 1.63. Alcoa has a twelve month low of $28.11 and a twelve month high of $84.38.

Alcoa (NYSE:AA) last issued its quarterly earnings data on Thursday, July 16th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.13). Alcoa had a return on equity of 19.57% and a net margin of 9.48%.The firm had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter in the prior year, the firm earned $0.39 EPS. As a group, analysts expect that Alcoa will post 6.79 EPS for the current year.

Alcoa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Tuesday, May 19th were paid a $0.10 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $0.40 annualized dividend and a yield of 0.9%. Alcoa’s payout ratio is 10.13%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on AA shares. Zacks Research downgraded shares of Alcoa from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. JPMorgan Chase & Co. dropped their price objective on Alcoa from $55.00 to $52.00 and set a “neutral” rating on the stock in a research note on Friday. UBS Group cut their price objective on Alcoa from $80.00 to $68.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Wells Fargo & Company decreased their target price on Alcoa from $72.00 to $71.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Royal Bank Of Canada set a $70.00 price target on Alcoa in a research note on Wednesday, July 1st. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Alcoa presently has an average rating of “Hold” and an average target price of $62.73.

More Alcoa News

Here are the key news stories impacting Alcoa this week:

• Positive Sentiment: Alcoa reported record quarterly revenue and highlighted strong operational performance, including progress on smelter restarts and improved aluminum EBITDA. Article Title
• Positive Sentiment: Management outlined about $900 million in net present value synergies tied to the South32 asset deal, supporting its longer-term growth strategy. Article Title
• Positive Sentiment: Unusually heavy call-option buying suggests some traders are positioning for a rebound after the post-earnings selloff. Article Title
• Neutral Sentiment: Several analysts trimmed price targets, but JPMorgan and Wells Fargo both kept ratings that were not outright bearish, signaling a wait-and-see stance rather than a major downgrade cycle.
• Negative Sentiment: Alcoa missed Q2 earnings estimates, reporting $2.12 per share versus the $2.25 consensus, which disappointed investors despite better year-over-year results. Article Title
• Negative Sentiment: The company lowered 2026 alumina production guidance by 200,000 to 300,000 metric tons due to Pinjarra refinery issues, raising concerns about near-term earnings pressure. Article Title

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.