Wellington Management Takes 6.36% Passive Stake in Goodyear (GT)

TL;DR

**Wellington Management just disclosed a 6.36% stake in Goodyear, a bullish signal from a big player.**

AI Summary

Wellington Management Group LLP, a Massachusetts-based investment firm, has disclosed a significant passive ownership stake in The Goodyear Tire & Rubber Company (GT). As of December 29, 2023, Wellington Management Group LLP beneficially owns 17,992,308 shares of Goodyear's Common Stock, representing 6.36% of the company. This filing indicates a notable institutional investor's confidence in Goodyear, which could signal stability or potential for future growth to current and prospective shareholders.

Why It Matters

This filing reveals a major institutional investor's belief in Goodyear, potentially boosting investor confidence and signaling a positive outlook for the stock.

Risk Assessment

Risk Level: low — This filing indicates a passive investment by a large institution, generally seen as a positive or neutral development with low inherent risk.

Analyst Insight

A smart investor would view this as a positive signal, suggesting that a reputable institutional investor sees value in Goodyear. It might warrant further research into Goodyear's fundamentals and future prospects, especially considering the passive nature of the stake.

Key Numbers

• 17,992,308 — Shares Beneficially Owned (The total number of Goodyear Common Stock shares Wellington Management Group LLP owns.)
• 6.36% — Percentage of Class (The percentage of Goodyear's Common Stock owned by Wellington Management Group LLP.)
• 382550101 — CUSIP Number (Unique identifier for Goodyear Tire & Rubber Company's Common Stock.)

Key Players & Entities

• Wellington Management Group LLP (company) — the reporting person acquiring shares
• The Goodyear Tire & Rubber Company (company) — the subject company whose shares were acquired
• Massachusetts (person) — place of organization for Wellington Management Group LLP
• December 29, 2023 (person) — date of event requiring the filing

Forward-Looking Statements

• Goodyear's stock price may see increased stability due to significant institutional ownership. (Goodyear Tire & Rubber Company) — medium confidence, target: next 6-12 months
• Other institutional investors might follow Wellington Management's lead, potentially increasing demand for GT shares. (Goodyear Tire & Rubber Company) — low confidence, target: next 3-6 months

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G) — 31KB
• 0000902219-24-000172.txt ( ) — 33KB

From the Filing

SC 13G 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. _ ) * The Goodyear Tire & Rubber Company (Name of Issuer) Common Stock (Title of Class of Securities) 382550101 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 382550101 1. NAMES OF REPORTING PERSONS Wellington Management Group LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 13,262,987 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 14,978,975 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 14,978,975 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.28% 12. TYPE OF REPORTING PERSON HC CUSIP No. 382550101 1. NAMES OF REPORTING PERSONS Wellington Group Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 13,262,987 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 14,978,975 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 14,978,975 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.28% 12. TYPE OF REPORTING PERSON HC CUSIP No. 382550101 1. NAMES OF REPORTING PERSONS Wellington Investment Advisors Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 13,262,987 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 14,978,975 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 14,978,975 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.28% 12. TYPE OF REPORTING PERSON HC Item 1. (a) Name of Issuer The Goodyear Tire & Rubber Company (b) Address of Issuer's Principal Executive Offices 200 Innovation Way Akron, OH 44316 Item 2. (a) Name of Person Filing Wellington Management Group LLP Wellington Group Holdings LLP Wellington Investment Advisors Holdings LLP (b) Address of Principal Business Office or, if None, Residence c/o Wellington Management Company LLP 280 Congress Street Boston, MA 02210 (c) Citizenship Wellington Management Group LLP - Massachusetts Wellington Group Holdings LLP - Delaware Wellington Investment Advisors Holdings LLP - Delaware (d) Title of Class of Securities Common Stock (e) CUSIP Number 382550101 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [ ] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [X] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group,

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View this SC 13G filing on SEC EDGAR