Bank of New York Mellon Corp trimmed its stake in shares of NTT Docomo Inc (NYSE:DCM) by 56.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,845 shares of the technology company’s stock after selling 46,406 shares during the period. Bank of New York Mellon Corp’s holdings in NTT Docomo were worth $817,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. M&T Bank Corp bought a new position in shares of NTT Docomo during the second quarter worth $215,000. Strategic Global Advisors LLC raised its stake in NTT Docomo by 0.6% during the second quarter. Strategic Global Advisors LLC now owns 9,401 shares of the technology company’s stock valued at $222,000 after purchasing an additional 53 shares in the last quarter. Roberts Glore & Co. Inc. IL raised its stake in NTT Docomo by 3.1% during the second quarter. Roberts Glore & Co. Inc. IL now owns 10,960 shares of the technology company’s stock valued at $259,000 after purchasing an additional 330 shares in the last quarter. CIBC World Markets Inc. purchased a new stake in NTT Docomo during the second quarter valued at $284,000. Finally, Citigroup Inc. raised its stake in NTT Docomo by 4.4% during the second quarter. Citigroup Inc. now owns 14,034 shares of the technology company’s stock valued at $332,000 after purchasing an additional 588 shares in the last quarter. Institutional investors own 0.51% of the company’s stock.
NTT Docomo Inc (DCM) opened at $24.74 on Friday. The company has a market cap of $97,934.35, a P/E ratio of 16.38, a P/E/G ratio of 2.94 and a beta of 0.09. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.20 and a quick ratio of 2.09. NTT Docomo Inc has a 1 year low of $22.58 and a 1 year high of $26.14.
NTT Docomo (NYSE:DCM) last posted its quarterly earnings results on Thursday, October 26th. The technology company reported $0.45 earnings per share (EPS) for the quarter. NTT Docomo had a net margin of 13.57% and a return on equity of 10.97%. research analysts anticipate that NTT Docomo Inc will post 1.83 earnings per share for the current fiscal year.
Several brokerages have recently weighed in on DCM. Deutsche Bank downgraded shares of NTT Docomo from a “hold” rating to a “sell” rating in a research note on Thursday, December 14th. ValuEngine raised shares of NTT Docomo from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research downgraded shares of NTT Docomo from a “buy” rating to a “hold” rating in a research note on Wednesday, November 29th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $29.00.
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NTT Docomo Company Profile
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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