Cedar Hill Associates buys $9,114,341 stake in Goodyear Tire & Rubber Co (GT)

Goodyear Tire & Rubber Co (GT) : Cedar Hill Associates scooped up 8,950 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 Jul 15, 2016. The investment management firm now holds a total of 343,678 shares of Goodyear Tire & Rubber Co which is valued at $9,114,341.Goodyear Tire & Rubber Co makes up approximately 1.52% of Cedar Hill Associates’s portfolio.

Other Hedge Funds, Including , Independent Portfolio Consultants reduced its stake in GT by selling 295 shares or 11.11% in the most recent quarter. The Hedge Fund company now holds 2,360 shares of GT which is valued at $62,587. Goodyear Tire & Rubber Co makes up approx 0.02% of Independent Portfolio Consultants’s portfolio.Fragasso Group reduced its stake in GT by selling 213 shares or 0.72% in the most recent quarter. The Hedge Fund company now holds 29,307 shares of GT which is valued at $778,980. Goodyear Tire & Rubber Co makes up approx 0.29% of Fragasso Group’s portfolio.Centurylink Investment Management Co boosted its stake in GT in the latest quarter, The investment management firm added 24,167 additional shares and now holds a total of 34,630 shares of Goodyear Tire & Rubber Co which is valued at $918,734. Goodyear Tire & Rubber Co makes up approx 0.32% of Centurylink Investment Management Co’s portfolio.

Goodyear Tire & Rubber Co (GT) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $26.52 and reached the intraday high at $26.61. The bulls started the profit booking and pushed the shares to intraday low of $26.26. The trading session was marked by a volume range of 21,55,651 shares exchanging hands. The 52-week high of the shares is $35.3 and the 52-week low is $24.306. The market cap of the company stands at $7,053 M and there are 26,59,44,080 shares in public circulation.

On the company’s financial health, Goodyear Tire & Rubber Co reported $0.54 EPS for the quarter, missing the analyst consensus estimate by $ -0.17 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $0.71. The company had revenue of $3691.00 million for the quarter, compared to analysts expectations of $3921.92 million. The company’s revenue was down -8.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.54 EPS.

Investors should note that on Jul 13, 2016, Goodyear Tire & Rubber Co announced a cash dividend of $0.0700. The company’s management has announced Jul 28, 2016 as the ex-dividend date and fixed the record date on Aug 1, 2016. The payable date has been fixed on Sep 1, 2016.

Many Wall Street Analysts have commented on Goodyear Tire & Rubber Co. Goodyear Tire & Rubber Co was Upgraded by Standpoint Research to ” Buy” on May 20, 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.

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