Benjamin F. Edwards & Company Inc. Sells 6,075 Shares of Goodyear Tire & Rubber Co (GT)

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Benjamin F. Edwards & Company Inc. trimmed its stake in shares of Goodyear Tire & Rubber Co (NASDAQ:GT) by 68.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,850 shares of the company’s stock after selling 6,075 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Goodyear Tire & Rubber were worth $58,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. United Services Automobile Association grew its holdings in Goodyear Tire & Rubber by 31.7% during the 2nd quarter. United Services Automobile Association now owns 148,227 shares of the company’s stock worth $3,452,000 after acquiring an additional 35,648 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Goodyear Tire & Rubber by 486.4% in the 3rd quarter. Bank of Montreal Can now owns 1,072,935 shares of the company’s stock valued at $25,096,000 after purchasing an additional 889,967 shares during the last quarter. Cornerstone Wealth Management LLC boosted its stake in shares of Goodyear Tire & Rubber by 748.6% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 181,508 shares of the company’s stock valued at $5,546,000 after purchasing an additional 160,118 shares during the last quarter. Strs Ohio boosted its stake in shares of Goodyear Tire & Rubber by 21.9% in the 3rd quarter. Strs Ohio now owns 278,101 shares of the company’s stock valued at $6,504,000 after purchasing an additional 50,000 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its stake in shares of Goodyear Tire & Rubber by 7.6% in the 3rd quarter. Retirement Systems of Alabama now owns 360,585 shares of the company’s stock valued at $8,434,000 after purchasing an additional 25,520 shares during the last quarter. Institutional investors and hedge funds own 89.49% of the company’s stock.

Shares of NASDAQ:GT opened at $18.63 on Thursday. The company has a market capitalization of $4.35 billion, a P/E ratio of 8.03, a PEG ratio of -1.48 and a beta of 1.60. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.76 and a current ratio of 1.34. Goodyear Tire & Rubber Co has a fifty-two week low of $17.88 and a fifty-two week high of $30.07.

Goodyear Tire & Rubber (NASDAQ:GT) last announced its quarterly earnings results on Friday, February 8th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.09). The firm had revenue of $3.88 billion during the quarter, compared to analyst estimates of $4.04 billion. Goodyear Tire & Rubber had a net margin of 4.48% and a return on equity of 11.24%. The business’s revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.99 earnings per share. On average, analysts forecast that Goodyear Tire & Rubber Co will post 2.57 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 1st will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.44%. This is an increase from Goodyear Tire & Rubber’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, January 31st. Goodyear Tire & Rubber’s dividend payout ratio (DPR) is currently 27.59%.

Several brokerages have recently issued reports on GT. Zacks Investment Research raised shares of Goodyear Tire & Rubber from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Longbow Research lowered shares of Goodyear Tire & Rubber from a “neutral” rating to an “underperform” rating and set a $14.00 target price on the stock. in a research note on Monday. Argus downgraded shares of Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research report on Monday. BidaskClub upgraded shares of Goodyear Tire & Rubber from a “sell” rating to a “hold” rating in a research report on Thursday, November 15th. Finally, ValuEngine downgraded shares of Goodyear Tire & Rubber from a “sell” rating to a “strong sell” rating in a research report on Friday, February 8th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. Goodyear Tire & Rubber currently has a consensus rating of “Hold” and a consensus target price of $23.56.

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About Goodyear Tire & Rubber

The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. The company offers various lines of rubber tires for automobiles, trucks, buses, aircrafts, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and various other applications under the Goodyear, Dunlop, Kelly, Debica, Sava, Fulda, and various other Goodyear owned house brands, as well as under the private-label brands.

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

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