Goodyear Tire & Rubber Co (GT) : Advisory Services Network scooped up 5,051 additional shares in Goodyear Tire & Rubber Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 14,739 shares of Goodyear Tire & Rubber Co which is valued at $483,881.Goodyear Tire & Rubber Co makes up approximately 0.09% of Advisory Services Network’s portfolio.
Other Hedge Funds, Including , Central Bank Trust Co sold out all of its stake in GT during the most recent quarter. The investment firm sold 100 shares of GT which is valued $3,283.Telemus Capital boosted its stake in GT in the latest quarter, The investment management firm added 5,090 additional shares and now holds a total of 13,175 shares of Goodyear Tire & Rubber Co which is valued at $430,296. Goodyear Tire & Rubber Co makes up approx 0.05% of Telemus Capital’s portfolio.Chevy Chase Trust Holdings reduced its stake in GT by selling 8,663 shares or 3.8% in the most recent quarter. The Hedge Fund company now holds 219,326 shares of GT which is valued at $7,163,187. Goodyear Tire & Rubber Co makes up approx 0.04% of Chevy Chase Trust Holdings’s portfolio.Independent Portfolio Consultants reduced its stake in GT by selling 345 shares or 14.62% in the most recent quarter. The Hedge Fund company now holds 2,015 shares of GT which is valued at $65,810. Goodyear Tire & Rubber Co makes up approx 0.02% of Independent Portfolio Consultants’s portfolio.Washington Trust Bank reduced its stake in GT by selling 27 shares or 0.71% in the most recent quarter. The Hedge Fund company now holds 3,776 shares of GT which is valued at $123,324. Goodyear Tire & Rubber Co makes up approx 0.03% of Washington Trust Bank’s portfolio.
Goodyear Tire & Rubber Co closed down -0.03 points or -0.09% at $32.83 with 25,47,496 shares getting traded on Friday. Post opening the session at $32.99, the shares hit an intraday low of $32.61 and an intraday high of $33.06 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Goodyear Tire & Rubber Co reported $1.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $1.02. The company had revenue of $3879.00 million for the quarter, compared to analysts expectations of $3921.47 million. The company’s revenue was down -7.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.84 EPS.
Investors should note that on Sep 15, 2016, Goodyear Tire & Rubber Co announced a cash dividend of $0.1000. The company’s management has announced Oct 28, 2016 as the ex-dividend date and fixed the record date on Nov 1, 2016. The payable date has been fixed on Dec 1, 2016.
The Goodyear Tire & Rubber Company is a manufacturer of tires. The Company’s business is the development manufacture distribution and sale of tires and related products and services across the world. The Company operates in four segments: North America; Europe Middle East and Africa (EMEA); Latin America and Asia Pacific. The North America segment is a supplier of tires to manufacturers of automobiles motorcycles trucks and aircraft. The EMEA segment is a supplier of tires to vehicle manufacturers across the region. The Latin America segment manufactures and sells automobile and truck tires. The Asia Pacific segment sells primarily Goodyear brand tires throughout the region and also sells the Dunlop brand in Australia and New Zealand. The Company manufactures and sells tires under the Goodyear Dunlop Kelly Debica Sava and Fulda brands and various other Goodyear owned-house brands and the private-label brands of certain customers.