Eagle Capital Management Reduces $127M in Alcoa Corporation ($AA)
Eagle Capital Management cut its Alcoa position by 1.85 million shares, now holding 14.1 million shares.
Key Points
- Eagle Capital Management cut its Alcoa stake by 1,852,022 shares, reducing its position to 14,097,362 shares valued at approximately $969.5 million.
- Alcoa's stock has a market cap of $18.1 billion, a P/E ratio of 17.63, and trades near $68.77 with a 52-week range of $27.72 to $84.38.
- Insider buying activity includes several purchases on May 8, 2026, while analysts like UBS have set new price targets, reflecting continued interest in Alcoa.
Eagle Capital Management has reduced its stake in Alcoa Corporation (NYSE:AA) by 1,852,022 shares, according to its latest 13F filing with the SEC. The fund now holds 14,097,362 shares of the aluminum giant, valued at approximately $969.5 million as of the end of the reporting period.
What Changed in Eagle Capital Management's Alcoa Position
Eagle Capital Management's recent filing shows a significant reduction in its Alcoa holdings. The fund cut its position by 1,852,022 shares, which is an 11.6% decrease, leaving it with 14,097,362 shares. This move brought the total value of its Alcoa investment to around $969.5 million.
Other Institutional Activity in Alcoa
In the same period, BlackRock, Inc. increased its stake in Alcoa by 3,970,770 shares, ending with 28,392,633 shares valued at approximately $1.88 billion. FMR LLC also made a substantial increase, adding 7,920,191 shares to hold a total of 12,852,778 shares worth about $852.5 million. Meanwhile, State Street Corp slightly reduced its position by 133,862 shares, leaving it with 10,881,537 shares valued at $721.8 million.
Alcoa Corporation Stock Snapshot
Shares of Alcoa Corporation (NYSE:AA) are trading near $68.77. The company has a market cap of about $18.1 billion and a P/E ratio of 17.63. Alcoa's stock has seen a 52-week low of $27.72 and a high of $84.38. Its 50-day moving average is $69.13, and the 200-day moving average is $53.11. The company's current ratio stands at 1.48, with a quick ratio of 0.72 and a debt-to-equity ratio of 37.02.
Recent Earnings
Alcoa reported revenue of approximately $12.65 billion, reflecting a slight decrease with a revenue growth rate of -5.2%. The company's net margin is 8.17%, and it has a return on equity of 15.43%. The next earnings release is scheduled for April 16, 2026.
Dividend
Alcoa pays an annual dividend of $0.40 per share, which translates to a yield of 0.58%. The company's dividend payout ratio is a conservative 10.26%.
Insider Buying and Selling at Alcoa Corporation
On May 8, 2026, several insiders, including Brian Galovich, Pasquale Fiore, John Bevan, Carol Roberts, James Alton Hughes, and Roberto De Oliveira Marques, each purchased 2,532 shares of Alcoa. These transactions were not part of a pre-planned trading plan.
Analysts Set New Price Targets
On May 22, 2026, UBS upgraded Alcoa to a 'buy' rating with a price target of $80. Wells Fargo also upgraded the stock to 'buy' on May 7, 2026, with a target of $70. In addition, Morgan Stanley upgraded the stock to 'buy' on April 9, 2026, with a target of $80. The consensus among analysts is a 'buy', with an average price target of $82.25 across 13 opinions.
About Alcoa Corporation
Alcoa Corporation is a leading player in the aluminum industry, operating in the Basic Materials sector. Headquartered in Pittsburgh, Pennsylvania, the company is involved in bauxite mining, alumina refining, aluminum production, and energy generation. It serves a global market, including regions like Australia, Brazil, and Canada. Alcoa is led by CEO William F. Oplinger and employs around 14,900 people.
Bottom Line
Eagle Capital Management's reduction in Alcoa shares provides insight into its current investment strategy. Investors keep an eye on such filings to gauge institutional sentiment, though it's important to remember that 13F filings reflect past positions and may not indicate current holdings. Alcoa remains a significant player in the aluminum sector, with ongoing interest from both institutional investors and analysts.
See Also
This instant news alert was generated by automated narrative technology and financial data from Opentrades and public regulatory filings. It is for informational purposes only and is not financial advice.