Signaturefd LLC Sells 324 Shares of Dolby Laboratories, Inc. (NYSE:DLB)

Signaturefd LLC decreased its holdings in shares of Dolby Laboratories, Inc. (NYSE:DLB) by 8.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,386 shares of the electronics maker’s stock after selling 324 shares during the period. Signaturefd LLC’s holdings in Dolby Laboratories were worth $292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Ninety One SA PTY Ltd bought a new stake in shares of Dolby Laboratories during the 4th quarter valued at $6,646,000. Ninety One UK Ltd grew its position in shares of Dolby Laboratories by 29.0% during the 4th quarter. Ninety One UK Ltd now owns 2,572,346 shares of the electronics maker’s stock valued at $221,685,000 after acquiring an additional 578,239 shares during the period. Ninety One North America Inc. grew its position in shares of Dolby Laboratories by 2.9% during the 4th quarter. Ninety One North America Inc. now owns 106,001 shares of the electronics maker’s stock valued at $9,135,000 after acquiring an additional 3,024 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Dolby Laboratories by 11.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,652 shares of the electronics maker’s stock valued at $1,090,000 after acquiring an additional 1,253 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Dolby Laboratories by 5.4% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,048 shares of the electronics maker’s stock valued at $521,000 after acquiring an additional 308 shares during the period. Institutional investors own 58.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DLB. Rosenblatt Securities reaffirmed a “buy” rating and issued a $98.00 target price 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 report on Friday, February 2nd.

Insiders Place Their Bets

In other Dolby Laboratories news, SVP John D. Couling sold 33,560 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $80.81, for a total value of $2,711,983.60. Following the sale, the senior vice president now owns 108,519 shares in the company, valued at approximately $8,769,420.39. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 39.54% of the company’s stock.

Dolby Laboratories Stock Performance

Shares of Dolby Laboratories stock opened at $79.32 on Friday. The company has a market capitalization of $7.58 billion, a P/E ratio of 41.10 and a beta of 0.97. The company has a fifty day moving average of $81.62 and a 200 day moving average of $83.30. Dolby Laboratories, Inc. has a fifty-two week low of $75.87 and a fifty-two week high of $91.01.

Dolby Laboratories (NYSE:DLB) last issued its earnings results on Thursday, February 1st. The electronics maker reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.14. The company had revenue of $315.57 million during the quarter, compared to the consensus estimate of $310.98 million. Dolby Laboratories had a net margin of 14.70% and a return on equity of 10.21%. Analysts forecast that Dolby Laboratories, Inc. will post 2.6 EPS for the current year.

Dolby Laboratories Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Tuesday, February 13th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.51%. The ex-dividend date was Monday, February 12th. Dolby Laboratories’s payout ratio is currently 62.18%.

Dolby Laboratories 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.