TD Asset Management Inc. lowered its position in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) by 9.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,491 shares of the company’s stock after selling 8,860 shares during the period. TD Asset Management Inc.’s holdings in The Goodyear Tire & Rubber were worth $2,954,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in GT. IFP Advisors Inc increased its position in The Goodyear Tire & Rubber by 3.1% in the first quarter. IFP Advisors Inc now owns 10,937 shares of the company’s stock worth $394,000 after buying an additional 330 shares in the last quarter. Financial Architects Inc increased its position in The Goodyear Tire & Rubber by 101.5% in the first quarter. Financial Architects Inc now owns 3,471 shares of the company’s stock worth $125,000 after buying an additional 1,748 shares in the last quarter. Janney Capital Management LLC purchased a new position in The Goodyear Tire & Rubber during the first quarter worth approximately $229,000. Janney Montgomery Scott LLC increased its position in The Goodyear Tire & Rubber by 26.6% in the first quarter. Janney Montgomery Scott LLC now owns 11,849 shares of the company’s stock worth $427,000 after buying an additional 2,487 shares in the last quarter. Finally, Clear Harbor Asset Management LLC increased its position in The Goodyear Tire & Rubber by 21.2% in the first quarter. Clear Harbor Asset Management LLC now owns 62,920 shares of the company’s stock worth $2,265,000 after buying an additional 11,000 shares in the last quarter. 94.10% of the stock is owned by institutional investors and hedge funds.

Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) opened at 29.74 on Tuesday. The company has a market capitalization of $7.49 billion, a P/E ratio of 6.48 and a beta of 1.53. The company has a 50-day moving average price of $33.32 and a 200-day moving average price of $34.44. The Goodyear Tire & Rubber Company has a 12 month low of $26.82 and a 12 month high of $37.20.

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 Zacks’ consensus estimate of $0.75 by $0.05. The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.70 billion. The Goodyear Tire & Rubber had a return on equity of 18.94% and a net margin of 7.95%. The business’s quarterly revenue was down 5.0% on a year-over-year basis. During the same period last year, the firm posted $1.16 EPS. On average, analysts forecast that The Goodyear Tire & Rubber Company will post $3.10 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Friday, July 28th. The Goodyear Tire & Rubber’s dividend payout ratio (DPR) is currently 8.77%.

ILLEGAL ACTIVITY WARNING: This story was originally reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this story on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark legislation. The original version of this story can be read at https://theolympiareport.com/2017/08/22/the-goodyear-tire-rubber-company-gt-shares-sold-by-td-asset-management-inc.html.

A number of research firms have recently commented on GT. Deutsche Bank AG downgraded The Goodyear Tire & Rubber from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a research report on Friday, July 28th. Goldman Sachs Group, Inc. (The) set a $29.00 price target on The Goodyear Tire & Rubber and gave the stock a “hold” rating in a research report on Tuesday, August 1st. Morgan Stanley restated an “overweight” rating and issued a $46.00 price target (down from $52.00) on shares of The Goodyear Tire & Rubber in a research report on Wednesday, August 2nd. Jefferies Group LLC set a $36.00 price target on The Goodyear Tire & Rubber and gave the stock a “buy” rating in a research report on Monday, August 7th. Finally, BidaskClub upgraded The Goodyear Tire & Rubber from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $38.10.

In other The Goodyear Tire & Rubber news, insider Stephen R. Mcclellan sold 6,250 shares of the business’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $35.46, for a total transaction of $221,625.00. Following the transaction, the insider now owns 71,849 shares of the company’s stock, valued at $2,547,765.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 12,789 shares of company stock worth $450,950 in the last three months. 1.40% of the stock is currently owned by corporate insiders.

The Goodyear Tire & Rubber Company 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)

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.