Nationwide Fund Advisors trimmed its stake in The Goodyear Tire & Rubber Company (NASDAQ:GT) by 2.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 259,803 shares of the company’s stock after selling 6,826 shares during the quarter. Nationwide Fund Advisors owned about 0.10% of The Goodyear Tire & Rubber worth $8,638,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of GT. Vanguard Group Inc. grew its holdings in shares of The Goodyear Tire & Rubber by 1.6% during the second quarter. Vanguard Group Inc. now owns 24,670,006 shares of the company’s stock valued at $862,464,000 after buying an additional 394,170 shares during the last quarter. LSV Asset Management grew its holdings in shares of The Goodyear Tire & Rubber by 6.6% during the second quarter. LSV Asset Management now owns 10,230,101 shares of the company’s stock valued at $357,644,000 after buying an additional 634,919 shares during the last quarter. Diamond Hill Capital Management Inc. grew its holdings in shares of The Goodyear Tire & Rubber by 6.3% during the third quarter. Diamond Hill Capital Management Inc. now owns 6,939,944 shares of the company’s stock valued at $230,753,000 after buying an additional 411,401 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of The Goodyear Tire & Rubber by 15.9% during the second quarter. Bank of New York Mellon Corp now owns 6,202,190 shares of the company’s stock valued at $216,826,000 after buying an additional 852,947 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of The Goodyear Tire & Rubber by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 4,154,023 shares of the company’s stock valued at $145,221,000 after buying an additional 67,997 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

GT has been the subject of a number of analyst reports. Guggenheim cut shares of The Goodyear Tire & Rubber from a “buy” rating to a “neutral” rating and set a $39.00 price objective for the company. in a report on Wednesday, November 1st. KeyCorp reissued a “buy” rating and set a $37.00 price target on shares of The Goodyear Tire & Rubber in a research report on Thursday, October 12th. Zacks Investment Research raised shares of The Goodyear Tire & Rubber from a “sell” rating to a “hold” rating and set a $37.00 price target on the stock in a research report on Monday, October 9th. Jefferies Group reissued a “buy” rating and set a $36.00 price target on shares of The Goodyear Tire & Rubber in a research report on Thursday, October 12th. Finally, Citigroup lowered shares of The Goodyear Tire & Rubber from a “buy” rating to a “neutral” rating and dropped their price target for the company from $38.00 to $36.00 in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $37.70.

The Goodyear Tire & Rubber Company (NASDAQ:GT) opened at $31.75 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 1.12. The Goodyear Tire & Rubber Company has a 12-month low of $28.81 and a 12-month high of $37.20. The firm has a market cap of $7,724.82, a PE ratio of 10.12, a P/E/G ratio of 0.88 and a beta of 1.52.

The Goodyear Tire & Rubber (NASDAQ:GT) last announced its quarterly earnings data on Friday, October 27th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.67 by $0.03. The business had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.91 billion. The Goodyear Tire & Rubber had a net margin of 6.67% and a return on equity of 15.88%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 earnings per share. research analysts predict that The Goodyear Tire & Rubber Company will post 2.88 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 1st were given a $0.14 dividend. This is a positive change from The Goodyear Tire & Rubber’s previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, October 31st. This represents a $0.56 annualized dividend and a yield of 1.76%. The Goodyear Tire & Rubber’s payout ratio is currently 14.47%.

In other The Goodyear Tire & Rubber news, insider Jean Claude Kihn sold 7,500 shares of The Goodyear Tire & Rubber stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $33.26, for a total value of $249,450.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders sold 30,000 shares of company stock worth $962,625. Insiders own 1.40% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was published by Watch List News and is owned by of Watch List News. If you are reading this report on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The correct version of this report can be viewed at https://www.watchlistnews.com/nationwide-fund-advisors-trims-holdings-in-the-goodyear-tire-rubber-company-gt/1753036.html.

About The Goodyear Tire & Rubber

The Goodyear Tire & Rubber Company is a manufacturer of tires. The Company operates through three segments. The Americas segment develops, manufactures, distributes and sells tires and related products and services in North, Central and South America, and sells tires to various export markets. The Americas segment manufactures and sells tires for automobiles, trucks, buses, earthmoving, mining and industrial equipment, aircraft and for various other applications.

Want to see what other hedge funds are holding GT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goodyear Tire & Rubber Company (NASDAQ:GT).

Institutional Ownership by Quarter for The Goodyear Tire & Rubber (NASDAQ:GT)

Receive News & Ratings for The Goodyear Tire & Rubber Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Goodyear Tire & Rubber Company and related companies with Analyst Ratings Network's FREE daily email newsletter.