Smith Asset Management Group LP lowered its position in NTT Docomo Inc. (NYSE:DCM) by 30.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,980 shares of the company’s stock after selling 3,423 shares during the period. Smith Asset Management Group LP’s holdings in NTT Docomo were worth $216,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its position in NTT Docomo by 3.9% in the first quarter. Renaissance Technologies LLC now owns 2,712,000 shares of the company’s stock worth $61,752,000 after buying an additional 102,400 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in NTT Docomo by 22.4% in the first quarter. Goldman Sachs Group Inc. now owns 466,713 shares of the company’s stock worth $10,627,000 after buying an additional 85,439 shares in the last quarter. Glenmede Trust Co. NA boosted its position in NTT Docomo by 26.0% in the first quarter. Glenmede Trust Co. NA now owns 256,702 shares of the company’s stock worth $5,844,000 after buying an additional 52,947 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new position in NTT Docomo during the first quarter worth approximately $2,495,000. Finally, JPMorgan Chase & Co. boosted its position in NTT Docomo by 18.4% in the first quarter. JPMorgan Chase & Co. now owns 63,451 shares of the company’s stock worth $1,445,000 after buying an additional 9,876 shares in the last quarter. 0.52% of the stock is owned by hedge funds and other institutional investors.
NTT Docomo Inc. (NYSE:DCM) traded down 1.54% during midday trading on Wednesday, reaching $25.51. 70,204 shares of the company’s stock traded hands. The firm’s 50-day moving average is $25.87 and its 200-day moving average is $25.48. NTT Docomo Inc. has a 1-year low of $17.02 and a 1-year high of $28.43. The company has a market capitalization of $95.42 billion, a price-to-earnings ratio of 17.01 and a beta of 0.11.
Separately, Zacks Investment Research cut shares of NTT Docomo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 16th.
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. Its telecommunications business includes those from mobile phone services, optical-fiber broadband service, satellite mobile communications services, international services and equipment sales related to these services.
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