Economy

Goodyear Tire & Rubber Company (GT) to Issue Quarterly Dividend of $0.10 on March 1st

Goodyear Tire & Rubber Company (GT) to Issue Quarterly Dividend of $0.10 on March 1st”

American Century Companies Inc. boosted its position in shares of The Goodyear Tire & Rubber Company by 21.9% in the second quarter. During the same period past year, the company posted $1.27 earnings per share.

Morgan Stanley analyst Adam Jonas thinks there might be a name that investors don't properly appreciate, however: Goodyear Tire & Rubber. The stock increased 0.90% or $0.23 on September 8, reaching $25.72. It has underperformed by 1.50% the S&P500.

Transamerica Financial Advisors Inc decreased Goodyear Tire & Rubr Co (GT) stake by 99.88% reported in 2016Q4 SEC filing. Carlson Capital LP acquired 1.26M shares as Phh Corp (PHH)'s stock rose 10.02%. The stock increased 0.07% or $0.02 on September 8, reaching $30.31. About 1.99M shares traded or 2.05% up from the average. About shares traded. Goodyear Tire & Rubber Co (NASDAQ:GT) has risen 17.26% since September 11, 2016 and is uptrending.

Among 10 analysts covering Goodyear Tire (NASDAQ:GT), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Cooper Tire had 23 analyst reports since August 7, 2015 according to SRatingsIntel. The company was upgraded on Tuesday, June 20 by Jefferies. Canaccord Genuity maintained the stock with "Hold" rating in Thursday, August 17 report. The company was downgraded on Friday, July 28 by Deutsche Bank. The stock of Goodyear Tire & Rubber Co (NASDAQ:GT) has "Buy" rating given on Tuesday, November 29 by Jefferies. The rating was maintained by KeyBanc Capital Markets on Tuesday, August 4 with "Equal Weight". The stock has "Hold" rating by Standpoint Research on Wednesday, March 30. 230.74 million shares or 2.50% less from 236.64 million shares in 2016Q3 were reported. As per Wednesday, October 28, the company rating was downgraded by Standpoint Research.

Investors sentiment decreased to 1.03 in Q4 2016. Its up 0.03, from 1.11 in 2016Q3. It worsened, as 34 investors sold ELGX shares while 29 reduced holdings. 39 funds opened positions while 81 raised stakes. The Georgia-based Suntrust Banks has invested 0% in Goodyear Tire & Rubber Co (NASDAQ:GT). Bar Harbor Tru Service owns 1.86% invested in Goodyear Tire & Rubber Co (NASDAQ:GT) for 115,546 shares. Zacks Investment Research downgraded The Goodyear Tire & Rubber Company from a "buy" rating to a "hold" rating in a research report on Tuesday, January 10th. Eii Capital Management Inc who had been investing in Store Cap Corp Com for a number of months, seems to be less bullish one the $4.89 billion market cap company. Moreover, Teacher Retirement Systems Of Texas has 0.19% invested in Goodyear Tire & Rubber Co (NASDAQ:GT) for 866,496 shares. State Bank Of America Corporation De stated it has 0.02% in Goodyear Tire & Rubber Co (NASDAQ:GT). Piedmont Inv Ltd reported 0% in Cooper Tire & Rubber Co (NYSE:CTB). Hillsdale Invest holds 270 shares. Independent Order Of Foresters holds 0.06% in Store Capital Corp (NYSE:STOR) or 3,000 shares. Seizert Capital Ptnrs Ltd Liability reported 93,952 shares. Millennium Management Lc has 1.03M shares for 0.05% of their portfolio. Euclidean Tech Ltd Liability Corp has 1.86% invested in Cooper Tire & Rubber Co (NYSE:CTB) for 51,937 shares. Argus Research maintained Goodyear Tire & Rubber Co (NASDAQ:GT) rating on Tuesday, November 10. Therefore 21% are positive.

Investors should look at the ongoing downdraft for Goodyear stock as a buying opportunity, one that would pay off in years to come as the company could enjoy a "long-term boom", they said. Piper Jaffray maintained the shares of TEVA in report on Friday, July 14 with "Hold" rating. Oppenheimer maintained the stock with "Buy" rating in Wednesday, July 26 report. The stock has "Buy" rating by Jefferies on Monday, August 7. (NASDAQ:ELGX) earned "Hold" rating by BMO Capital Markets on Monday, June 19. The stock of PHH Corporation (NYSE:PHH) has "Neutral" rating given on Tuesday, June 20 by Wedbush. On Friday, August 18 the stock rating was maintained by Oppenheimer with "Buy".

Investors of record on Friday, September 1st will be issued a dividend of $0.105 per share. Its up 0.10, from 1 in 2016Q3. It improved, as 53 investors sold GT shares while 163 reduced holdings. Blackrock Fund Advisors stated it has 0% of its portfolio in Endologix, Inc. The Hong Kong-based Point72 Asia (Hong Kong) Limited has invested 0.01% in Endologix, Inc.

Deroy & Devereaux Private Investment Counsel Inc decreased Jpmorgan Chase & Co (NYSE:JPM) stake by 3,783 shares to 200,359 valued at $17.29M in 2016Q4. Allianz Asset Management Ag accumulated 171,699 shares. Clearbridge Invests Limited Liability Corp has invested 0.02% in Endologix, Inc. Commonwealth Bancorp Of Australia holds 52,741 shares or 0.02% of its portfolio. 508,642 were reported by Wells Fargo & Company Mn.

Since March 15, 2017, it had 0 buys, and 4 selling transactions for $835,785 activity.

Northwestern Mutual Wealth Management Company, which manages about $9.22B US Long portfolio, upped its stake in Ishares Tr (DVY) by 67,167 shares to 740,565 shares, valued at $65.59 million in 2016Q4, according to the filing. BlackRock Inc. now owns 848,901 shares of the company's stock worth $21,782,000 after buying an additional 226,106 shares during the last quarter.



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