Teachers Advisors LLC grew its position in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) by 54.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 636,403 shares of the company’s stock after purchasing an additional 224,937 shares during the quarter. Teachers Advisors LLC owned approximately 0.25% of The Goodyear Tire & Rubber worth $22,249,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. American Century Companies Inc. lifted its stake in shares of The Goodyear Tire & Rubber by 8.9% in the first quarter. American Century Companies Inc. now owns 116,462 shares of the company’s stock worth $4,193,000 after acquiring an additional 9,493 shares during the period. Suntrust Banks Inc. lifted its stake in shares of The Goodyear Tire & Rubber by 51.9% in the first quarter. Suntrust Banks Inc. now owns 10,773 shares of the company’s stock worth $387,000 after acquiring an additional 3,679 shares during the period. UBS Asset Management Americas Inc. lifted its stake in shares of The Goodyear Tire & Rubber by 24.0% in the first quarter. UBS Asset Management Americas Inc. now owns 829,846 shares of the company’s stock worth $29,874,000 after acquiring an additional 160,874 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of The Goodyear Tire & Rubber by 24.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,667 shares of the company’s stock worth $672,000 after acquiring an additional 3,702 shares during the period. Finally, Mutual of America Capital Management LLC lifted its stake in shares of The Goodyear Tire & Rubber by 19.7% in the first quarter. Mutual of America Capital Management LLC now owns 33,711 shares of the company’s stock worth $1,214,000 after acquiring an additional 5,539 shares during the period. 90.33% of the stock is currently owned by hedge funds and other institutional investors.

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In other news, insider Jean Claude Kihn sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $32.44, for a total value of $243,300.00. Following the completion of the transaction, the insider now owns 74,348 shares in the company, valued at approximately $2,411,849.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Stephen R. Mcclellan sold 6,250 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $35.46, for a total value of $221,625.00. Following the completion of the transaction, the insider now owns 71,849 shares of the company’s stock, valued at approximately $2,547,765.54. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,251 shares of company stock valued at $480,041. 1.40% of the stock is currently owned by company insiders.

The Goodyear Tire & Rubber Company (GT) opened at 32.57 on Friday. The firm has a market capitalization of $8.20 billion, a price-to-earnings ratio of 7.10 and a beta of 1.54. The Goodyear Tire & Rubber Company has a 52 week low of $26.82 and a 52 week high of $37.20. The firm has a 50-day moving average price of $30.81 and a 200 day moving average price of $33.87.

The Goodyear Tire & Rubber (NASDAQ:GT) last released its quarterly earnings data on Friday, July 28th. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.05). The Goodyear Tire & Rubber had a return on equity of 18.94% and a net margin of 7.95%. The business had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.70 billion. During the same quarter last year, the business posted $1.16 EPS. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. On average, equities research analysts forecast that The Goodyear Tire & Rubber Company will post $3.04 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 1st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Friday, July 28th. The Goodyear Tire & Rubber’s payout ratio is presently 8.77%.

A number of equities analysts recently commented on the company. Jefferies Group LLC set a $36.00 price objective on The Goodyear Tire & Rubber and gave the stock a “buy” rating in a research note on Monday, August 7th. BidaskClub lowered The Goodyear Tire & Rubber from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) set a $29.00 price target on The Goodyear Tire & Rubber and gave the company a “hold” rating in a research note on Tuesday, August 1st. Morgan Stanley reissued an “overweight” rating and issued a $46.00 price target (down from $52.00) on shares of The Goodyear Tire & Rubber in a research note on Wednesday, August 2nd. Finally, CLSA started coverage on The Goodyear Tire & Rubber in a research note on Wednesday, June 21st. They issued a “buy” rating and a $39.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $38.22.

The Goodyear Tire & Rubber Profile

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.

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

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