Comerica Bank Lowers Position in NTT DOCOMO, Inc (DCM)
Comerica Bank decreased its stake in shares of NTT DOCOMO, Inc (NYSE:DCM) by 5.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 214,063 shares of the technology company’s stock after selling 13,473 shares during the period. Comerica Bank’s holdings in NTT DOCOMO were worth $5,009,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in DCM. Goldman Sachs Group Inc. raised its stake in NTT DOCOMO by 13.3% in the first quarter. Goldman Sachs Group Inc. now owns 466,430 shares of the technology company’s stock valued at $10,891,000 after buying an additional 54,679 shares during the last quarter. Clean Yield Group acquired a new stake in NTT DOCOMO during the second quarter valued at approximately $3,102,000. Creative Planning raised its stake in NTT DOCOMO by 1.4% in the first quarter. Creative Planning now owns 8,215 shares of the technology company’s stock valued at $192,000 after buying an additional 112 shares during the last quarter. Renaissance Technologies LLC raised its stake in NTT DOCOMO by 9.8% in the first quarter. Renaissance Technologies LLC now owns 3,380,700 shares of the technology company’s stock valued at $78,939,000 after buying an additional 302,900 shares during the last quarter. Finally, OLD National Bancorp IN raised its stake in NTT DOCOMO by 16.8% in the second quarter. OLD National Bancorp IN now owns 14,706 shares of the technology company’s stock valued at $348,000 after buying an additional 2,113 shares during the last quarter. 0.51% of the stock is owned by hedge funds and other institutional investors.
Shares of NTT DOCOMO, Inc (NYSE:DCM) opened at 23.31 on Friday. NTT DOCOMO, Inc has a 52-week low of $21.96 and a 52-week high of $26.29. The stock’s 50 day moving average is $23.38 and its 200 day moving average is $23.87. The stock has a market cap of $86.35 billion, a price-to-earnings ratio of 14.99 and a beta of 0.12.
NTT DOCOMO (NYSE:DCM) last announced its earnings results on Thursday, July 27th. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by $0.05. The firm had revenue of $10.23 billion during the quarter. NTT DOCOMO had a net margin of 13.90% and a return on equity of 11.44%. On average, equities analysts predict that NTT DOCOMO, Inc will post $1.56 EPS for the current fiscal year.
Several equities research analysts have recently commented on DCM shares. Goldman Sachs Group, Inc. (The) lowered shares of NTT DOCOMO from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 30th. Zacks Investment Research lowered shares of NTT DOCOMO from a “hold” rating to a “sell” rating in a research report on Thursday, June 15th. Finally, BidaskClub lowered shares of NTT DOCOMO from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. NTT DOCOMO has an average rating of “Hold” and an average target price of $27.00.
About NTT DOCOMO
NTT DOCOMO, INC. (DOCOMO) is a mobile telecommunications carrier. The Company operates through three segments: telecommunications business, smart life business and other businesses. The telecommunications business segment includes mobile phone services (long-term evolution (LTE) (Xi) services and freedom of mobile multimedia access (FOMA) services), optical-fiber broadband service, satellite mobile communications services, international services and equipment sales related to these services.
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