Investors sold shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) on strength during trading hours on Friday. $11.25 million flowed into the stock on the tick-up and $37.28 million flowed out of the stock on the tick-down, for a money net flow of $26.03 million out of the stock. Of all stocks tracked, The Goodyear Tire & Rubber had the 27th highest net out-flow for the day. The Goodyear Tire & Rubber traded up $0.63 for the day and closed at $29.94

GT has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of The Goodyear Tire & Rubber from a “sell” rating to a “hold” rating in a report on Friday, July 21st. BidaskClub cut shares of The Goodyear Tire & Rubber from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. ValuEngine cut shares of The Goodyear Tire & Rubber from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Morgan Stanley set a $52.00 target price on shares of The Goodyear Tire & Rubber and gave the company a “buy” rating in a report on Friday, July 28th. Finally, Deutsche Bank AG cut shares of The Goodyear Tire & Rubber from a “buy” rating to a “hold” rating and set a $40.00 target price on the stock. in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $37.55.

The company has a market capitalization of $7,190.00, a PE ratio of 9.47, a PEG ratio of 0.82 and a beta of 1.51. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 1.12.

The Goodyear Tire & Rubber (NASDAQ:GT) last announced its earnings results on Friday, October 27th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.03. The firm 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 business’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.17 EPS. equities research analysts expect that The Goodyear Tire & Rubber Company will post 2.88 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 1st will be given a dividend of $0.14 per share. This is a positive change from The Goodyear Tire & Rubber’s previous quarterly dividend of $0.10. The ex-dividend date is Tuesday, October 31st. This represents a $0.56 annualized dividend and a dividend yield of 1.87%. The Goodyear Tire & Rubber’s dividend payout ratio (DPR) is currently 14.47%.

In related news, insider Jean Claude Kihn sold 7,500 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $33.26, for a total transaction of $249,450.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold a total of 22,712 shares of company stock worth $728,079 in the last quarter. 1.40% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. raised its stake in shares of The Goodyear Tire & Rubber by 143.0% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 4,557 shares of the company’s stock valued at $152,000 after acquiring an additional 2,682 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in The Goodyear Tire & Rubber by 5.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,228,322 shares of the company’s stock worth $42,943,000 after buying an additional 62,499 shares during the last quarter. Prudential Financial Inc. raised its stake in The Goodyear Tire & Rubber by 47.0% during the second quarter. Prudential Financial Inc. now owns 976,079 shares of the company’s stock worth $34,124,000 after buying an additional 312,298 shares during the last quarter. Shell Asset Management Co. raised its stake in The Goodyear Tire & Rubber by 100.3% during the third quarter. Shell Asset Management Co. now owns 98,801 shares of the company’s stock worth $2,231,000 after buying an additional 49,484 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in The Goodyear Tire & Rubber by 1.6% during the second quarter. Legal & General Group Plc now owns 1,349,022 shares of the company’s stock worth $47,164,000 after buying an additional 20,952 shares during the last quarter. Hedge funds and other institutional investors own 91.93% of the company’s stock.

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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.

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