Goodyear Tire & Rubber Co (GT) : Fox Run Management L.l.c. added new position in Goodyear Tire & Rubber Co during the most recent quarter end. The investment management firm now holds 21,000 shares of Goodyear Tire & Rubber Co which is valued at $675,150 , the company said in a statement filed on Oct 12, 2016 with the SEC.Goodyear Tire & Rubber Co makes up approximately 0.41% of Fox Run Management L.l.c.’s portfolio.
Other Hedge Funds, Including , British Columbia Investment Management Corp reduced its stake in GT by selling 8,460 shares or 6.87% in the most recent quarter. The Hedge Fund company now holds 114,712 shares of GT which is valued at $3,687,991. Goodyear Tire & Rubber Co makes up approx 0.04% of British Columbia Investment Management Corp’s portfolio. 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.Exxonmobil Investment Management Inc Tx reduced its stake in GT by selling 1,828 shares or 2.66% in the most recent quarter. The Hedge Fund company now holds 67,012 shares of GT which is valued at $2,200,004. Goodyear Tire & Rubber Co makes up approx 0.05% of Exxonmobil Investment Management Inc Tx’s portfolio.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.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.
Goodyear Tire & Rubber Co closed down -0.35 points or -1.08% at $32.15 with 31,02,544 shares getting traded on Tuesday. Post opening the session at $32.47, the shares hit an intraday low of $31.87 and an intraday high of $32.73 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.