Goldman Sachs Group Inc. Buys 54,679 Shares of NTT DOCOMO, Inc (DCM)

Goldman Sachs Group Inc. raised its stake in NTT DOCOMO, Inc (NYSE:DCM) by 13.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 466,430 shares of the technology company’s stock after buying an additional 54,679 shares during the period. Goldman Sachs Group Inc.’s holdings in NTT DOCOMO were worth $10,891,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of DCM. Summit Global Investments bought a new position in shares of NTT DOCOMO during the first quarter worth $488,000. Cypress Wealth Advisors LLC boosted its position in NTT DOCOMO by 4.3% in the first quarter. Cypress Wealth Advisors LLC now owns 27,046 shares of the technology company’s stock valued at $632,000 after buying an additional 1,122 shares during the period. Credit Suisse AG boosted its position in NTT DOCOMO by 48.1% in the first quarter. Credit Suisse AG now owns 39,066 shares of the technology company’s stock valued at $912,000 after buying an additional 12,693 shares during the period. Sensato Investors LLC acquired a new position in NTT DOCOMO during the first quarter valued at $259,000. Finally, Bank of America Corp DE boosted its stake in shares of NTT DOCOMO by 33.0% in the first quarter. Bank of America Corp DE now owns 783,144 shares of the technology company’s stock valued at $18,287,000 after buying an additional 194,448 shares during the last quarter. Hedge funds and other institutional investors own 0.54% of the company’s stock.

NTT DOCOMO, Inc (DCM) opened at 23.45 on Wednesday. The stock’s 50 day moving average price is $24.18 and its 200 day moving average price is $23.96. NTT DOCOMO, Inc has a 52 week low of $21.96 and a 52 week high of $27.53. The firm has a market cap of $86.87 billion, a price-to-earnings ratio of 15.00 and a beta of 0.13.

NTT DOCOMO (NYSE:DCM) last released its earnings results on Thursday, April 27th. The technology company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.05. The business had revenue of $9.81 billion during the quarter. NTT DOCOMO had a net margin of 14.37% and a return on equity of 11.89%. On average, equities research analysts predict that NTT DOCOMO, Inc will post $1.56 EPS for the current year.

Several equities research analysts recently weighed in on the company. Cantor Fitzgerald lowered NTT DOCOMO from an “overweight” rating to a “neutral” rating in a report on Thursday, April 27th. Zacks Investment Research lowered NTT DOCOMO from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Goldman Sachs Group, Inc. (The) lowered NTT DOCOMO from a “buy” rating to a “neutral” rating in a report on Tuesday, May 30th. Finally, BidaskClub lowered NTT DOCOMO from a “hold” rating to a “sell” rating in a report on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. NTT DOCOMO currently has a consensus rating of “Hold” and a consensus 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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