State Treasurer State of Michigan Continues to Hold Stake in NTT DOCOMO, Inc (DCM)

State Treasurer State of Michigan maintained its position in shares of NTT DOCOMO, Inc (NYSE:DCM) during the second quarter, Holdings Channel reports. The fund owned 20,500 shares of the technology company’s stock at the end of the second quarter. State Treasurer State of Michigan’s holdings in NTT DOCOMO were worth $485,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Creative Planning boosted its position in shares of 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 period. Goldman Sachs Group Inc. boosted its position in shares of 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 period. Renaissance Technologies LLC boosted its position in shares of 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 period. Capstone Asset Management Co. boosted its position in shares of NTT DOCOMO by 3.7% in the first quarter. Capstone Asset Management Co. now owns 127,712 shares of the technology company’s stock valued at $2,982,000 after buying an additional 4,520 shares during the period. Finally, TD Asset Management Inc. boosted its position in shares of NTT DOCOMO by 8.8% in the first quarter. TD Asset Management Inc. now owns 72,555 shares of the technology company’s stock valued at $1,287,000 after buying an additional 5,899 shares during the period. 0.55% of the stock is owned by hedge funds and other institutional investors.

Shares of NTT DOCOMO, Inc (DCM) traded down 0.73% on Thursday, reaching $23.24. The company had a trading volume of 28,148 shares. The stock has a market cap of $86.09 billion, a PE ratio of 14.99 and a beta of 0.12. NTT DOCOMO, Inc has a 12 month low of $21.96 and a 12 month high of $27.07. The stock has a 50-day moving average price of $23.62 and a 200-day moving average price of $23.93.

NTT DOCOMO (NYSE:DCM) last issued its quarterly earnings data on Thursday, July 27th. The technology company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by $0.05. The company had revenue of $10.23 billion for the quarter. NTT DOCOMO had a return on equity of 11.44% and a net margin of 13.90%. Analysts predict that NTT DOCOMO, Inc will post $1.56 earnings per share for the current fiscal year.

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DCM has been the subject of several recent research reports. Goldman Sachs Group, Inc. (The) cut NTT DOCOMO from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 30th. Zacks Investment Research cut NTT DOCOMO from a “hold” rating to a “sell” rating in a research report on Thursday, June 15th. BidaskClub cut NTT DOCOMO from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. Finally, Cantor Fitzgerald cut NTT DOCOMO from an “overweight” rating to a “neutral” rating in a research report on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. NTT DOCOMO has a consensus rating of “Hold” and an average price target 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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Institutional Ownership by Quarter for NTT DOCOMO (NYSE:DCM)

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