MUFG Securities EMEA plc bought a new position in shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 476,000 shares of the company’s stock, valued at approximately $15,827,000. The Goodyear Tire & Rubber makes up 0.6% of MUFG Securities EMEA plc’s holdings, making the stock its 23rd biggest position. MUFG Securities EMEA plc owned about 0.19% of The Goodyear Tire & Rubber as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of GT. Financial Architects Inc boosted its holdings in shares of The Goodyear Tire & Rubber by 2.2% in the 2nd quarter. Financial Architects Inc now owns 3,546 shares of the company’s stock worth $124,000 after purchasing an additional 75 shares in the last quarter. First Quadrant L P CA purchased a new position in shares of The Goodyear Tire & Rubber in the 2nd quarter worth about $130,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of The Goodyear Tire & Rubber by 143.0% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 4,557 shares of the company’s stock worth $152,000 after purchasing an additional 2,682 shares in the last quarter. Schroder Investment Management Group purchased a new position in shares of The Goodyear Tire & Rubber in the 2nd quarter worth about $160,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of The Goodyear Tire & Rubber in the 3rd quarter worth about $205,000. Institutional investors and hedge funds own 93.87% of the company’s stock.

In related news, SVP Jean Claude Kihn sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $30.53, for a total value of $228,975.00. Following the sale, the senior vice president now owns 59,348 shares in the company, valued at approximately $1,811,894.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 22,500 shares of company stock valued at $721,725 in the last three months. Corporate insiders own 1.40% of the company’s stock.

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The Goodyear Tire & Rubber Company (NASDAQ:GT) traded down $0.13 during midday trading on Thursday, hitting $30.69. The stock had a trading volume of 2,759,600 shares, compared to its average volume of 2,907,352. The Goodyear Tire & Rubber Company has a 12 month low of $28.81 and a 12 month high of $37.20. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.76 and a current ratio of 1.37. The company has a market cap of $7,591.80, a price-to-earnings ratio of 9.94, a PEG ratio of 0.86 and a beta of 1.51.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 1st will be given a $0.14 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $0.56 annualized dividend and a dividend yield of 1.82%. This is a positive change from The Goodyear Tire & Rubber’s previous quarterly dividend of $0.10. The Goodyear Tire & Rubber’s dividend payout ratio is currently 14.47%.

A number of equities analysts have recently issued reports on the company. J P Morgan Chase & Co cut their price objective on The Goodyear Tire & Rubber from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, October 30th. Deutsche Bank AG cut The Goodyear Tire & Rubber from a “buy” rating to a “hold” rating and set a $40.00 price objective for the company. in a report on Friday, July 28th. BidaskClub upgraded The Goodyear Tire & Rubber from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 13th. Goldman Sachs Group, Inc. (The) set a $29.00 price objective on The Goodyear Tire & Rubber and gave the stock a “hold” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research cut The Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $37.70.

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

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