The Goodyear Tire & Rubber Company Plans Quarterly Dividend of $0.10 (GT)

Paterniano Del Favero
Agosto 7, 2017

CenturyLink Investment Management Co's holdings in Goodyear Tire & Rubber Co were worth $1,060,000 at the end of the most recent quarter.

Other analysts have also recently issued research reports about the stock. New York State Teachers Retirement System increased its stake in Cooper Tire & Rubber by 2.1% in the fourth quarter. BlackRock Inc. now owns 5,771,600 shares of the company's stock valued at $255,971,000 after buying an additional 5,756,018 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Cooper Tire & Rubber by 18.5% in the first quarter. Evercore Trust Company N.A. now owns 3,253,477 shares of the company's stock worth $113,742,000 after buying an additional 70,480 shares during the last quarter. FMR LLC boosted its position in Goodyear Tire & Rubber Co by 173.3% in the first quarter. During the same quarter in the previous year, the business earned $1.27 earnings per share. Massachusetts Financial Services Co. MA boosted its position in Goodyear Tire & Rubber Co by 602.0% in the first 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. Finally, Renaissance Technologies LLC purchased a new stake in shares of Cooper Tire & Rubber during the fourth quarter valued at $6,472,000. Bank of New York Mellon Corp now owns 5,349,243 shares of the company's stock valued at $192,572,000 after buying an additional 742,406 shares during the last quarter.

Cooper Tire & Rubber (NYSE CTB) traded up 0.97% during midday trading on Friday, reaching $36.35. 989,926 shares of the company were exchanged. The company's 50-day moving average is $34.76 and its 200-day moving average is $34.52. Cooper Tire & Rubber has a 52 week low of $33.11 and a 52 week high of $44.50. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 8.99 and a beta of -0.02.

Cooper Tire & Rubber (NYSE:CTB) last released its earnings results on Friday, August 4th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.74 by $0.11.

The Goodyear Tire & Rubber Company is a manufacturer of tires. The firm had revenue of $720.75 million for the quarter, compared to analyst estimates of $775 million. The business's revenue for the quarter was down 5.0% compared to the same quarter past year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Tuesday, August 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Friday, July 28th.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another domain, it was copied illegally and republished in violation of global trademark and copyright legislation. The original version of this story can be viewed at https://stocknewstimes.com/2017/08/06/the-goodyear-tire-rubber-company-gt-declares-0-10-quarterly-dividend-updated.html. Zacks Investment Research lowered The Goodyear Tire & Rubber from a "hold" rating to a "sell" rating in a research report on Tuesday, July 11th. Guggenheim started coverage on The Goodyear Tire & Rubber in a research report on Wednesday, June 21st. The Goodyear Tire & Rubber presently has an average rating of "Hold" and a consensus price target of $38.40. Jefferies Group LLC restated a "hold" rating and set a $40.00 target price on shares of Cooper Tire & Rubber in a research report on Thursday, July 6th.

Cooper Tire & Rubber Company (NYSE:CTB)'s stock had its "hold" rating reiterated by research analysts at Jefferies Group LLC in a research report issued to clients and investors on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock was sold at an average price of $35.46, for a total transaction of $221,625.00.

In related news, insider Stephen R. Mcclellan sold 6,250 shares of Goodyear Tire & Rubber Co stock in a transaction that occurred on Friday, June 9th. Over the last 90 days, insiders have sold 18,750 shares of company stock worth $662,938. Institutional investors and hedge funds own 92.44% of the company's stock.

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 Company operates through four segments: North America, Latin America, Europe, and Asia. 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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