Asset Management One Co. Ltd. Has $2.24 Million Holdings in Dolby Laboratories, Inc. (NYSE:DLB)

Asset Management One Co. Ltd. cut its stake in shares of Dolby Laboratories, Inc. (NYSE:DLB) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,737 shares of the electronics maker’s stock after selling 1,199 shares during the period. Asset Management One Co. Ltd.’s holdings in Dolby Laboratories were worth $2,236,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DLB. Quarry LP increased its holdings in Dolby Laboratories by 248.2% in the second quarter. Quarry LP now owns 296 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 211 shares during the period. VisionPoint Advisory Group LLC increased its holdings in Dolby Laboratories by 86.9% in the third quarter. VisionPoint Advisory Group LLC now owns 370 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 172 shares during the period. Blue Trust Inc. increased its holdings in Dolby Laboratories by 75.7% in the fourth quarter. Blue Trust Inc. now owns 369 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 159 shares during the period. Tower Research Capital LLC TRC increased its holdings in Dolby Laboratories by 52.7% in the first quarter. Tower Research Capital LLC TRC now owns 400 shares of the electronics maker’s stock valued at $34,000 after purchasing an additional 138 shares during the period. Finally, Fifth Third Bancorp increased its holdings in Dolby Laboratories by 175.3% in the third quarter. Fifth Third Bancorp now owns 446 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 284 shares during the period. 58.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dolby Laboratories

In other news, SVP John D. Couling sold 33,560 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $80.81, for a total transaction of $2,711,983.60. Following the transaction, the senior vice president now owns 108,519 shares of the company’s stock, valued at approximately $8,769,420.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Kevin J. Yeaman sold 9,030 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $83.51, for a total transaction of $754,095.30. Following the transaction, the chief executive officer now owns 83,721 shares of the company’s stock, valued at approximately $6,991,540.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John D. Couling sold 33,560 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $80.81, for a total transaction of $2,711,983.60. Following the completion of the transaction, the senior vice president now directly owns 108,519 shares in the company, valued at approximately $8,769,420.39. The disclosure for this sale can be found here. Insiders own 39.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Rosenblatt Securities restated a “buy” rating and issued a $98.00 price objective on shares of Dolby Laboratories in a report on Wednesday, January 31st. StockNews.com raised shares of Dolby Laboratories from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd.

Dolby Laboratories Trading Down 1.6 %

Shares of DLB opened at $80.25 on Friday. The stock has a market capitalization of $7.67 billion, a P/E ratio of 41.58 and a beta of 0.97. The firm’s fifty day simple moving average is $81.71 and its two-hundred day simple moving average is $83.35. Dolby Laboratories, Inc. has a 12 month low of $75.87 and a 12 month high of $91.01.

Dolby Laboratories (NYSE:DLB) last issued its quarterly earnings results on Thursday, February 1st. The electronics maker reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.14. The business had revenue of $315.57 million for the quarter, compared to analysts’ expectations of $310.98 million. Dolby Laboratories had a net margin of 14.70% and a return on equity of 10.21%. As a group, research analysts predict that Dolby Laboratories, Inc. will post 2.63 EPS for the current fiscal year.

Dolby Laboratories Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Tuesday, February 13th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, February 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.50%. Dolby Laboratories’s dividend payout ratio (DPR) is presently 62.18%.

Dolby Laboratories Company Profile

Dolby Laboratories, Inc creates audio and imaging technologies that transform entertainment at the cinema, DTV transmissions and devices, mobile devices, OTT video and music services, home entertainment devices, and automobiles. The company develops and licenses its audio technologies, such as AAC & HE-AAC, a digital audio codec solution used for a range of media applications; AVC, a digital video codec with high bandwidth efficiency used in various media devices; Dolby AC-4, a digital audio coding technology that delivers new audio experiences to a range of playback devices; and Dolby Atmos technology for cinema and various media devices.