Capstone Investment Advisors LLC Acquires Shares of 2,901 Dolby Laboratories, Inc. (NYSE:DLB)

Capstone Investment Advisors LLC acquired a new stake in Dolby Laboratories, Inc. (NYSE:DLBFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,901 shares of the electronics maker’s stock, valued at approximately $250,000.

Several other hedge funds also recently bought and sold shares of DLB. VisionPoint Advisory Group LLC grew its position in shares of Dolby Laboratories by 86.9% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 370 shares of the electronics maker’s stock worth $29,000 after buying an additional 172 shares in the last quarter. Blue Trust Inc. grew its position in shares of Dolby Laboratories by 75.7% during the 4th quarter. Blue Trust Inc. now owns 369 shares of the electronics maker’s stock worth $29,000 after buying an additional 159 shares in the last quarter. Quadrant Capital Group LLC grew its position in shares of Dolby Laboratories by 65.0% during the 4th quarter. Quadrant Capital Group LLC now owns 505 shares of the electronics maker’s stock worth $44,000 after buying an additional 199 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Dolby Laboratories by 36.8% during the 4th quarter. Fifth Third Bancorp now owns 610 shares of the electronics maker’s stock worth $53,000 after buying an additional 164 shares in the last quarter. Finally, Principal Securities Inc. bought a new position in shares of Dolby Laboratories during the 4th quarter worth $53,000. Institutional investors own 58.56% of the company’s stock.

Dolby Laboratories Price Performance

Shares of NYSE DLB opened at $81.01 on Monday. The stock has a market capitalization of $7.76 billion, a P/E ratio of 41.33 and a beta of 0.99. Dolby Laboratories, Inc. has a 1-year low of $75.87 and a 1-year high of $91.01. The business has a fifty day moving average price of $81.15 and a 200 day moving average price of $83.04.

Dolby Laboratories (NYSE:DLBGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The electronics maker reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.10. The firm had revenue of $364.52 million during the quarter, compared to analysts’ expectations of $361.98 million. Dolby Laboratories had a return on equity of 10.15% and a net margin of 15.00%. As a group, equities research analysts anticipate that Dolby Laboratories, Inc. will post 2.68 earnings per share for the current fiscal year.

Dolby Laboratories Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Tuesday, May 14th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Monday, May 13th. Dolby Laboratories’s dividend payout ratio (DPR) is presently 61.22%.

Insider Buying and Selling at Dolby Laboratories

In other Dolby Laboratories news, EVP Mark Andrew Sherman sold 2,283 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $79.62, for a total value of $181,772.46. Following the completion of the sale, the executive vice president now directly owns 58,325 shares in the company, valued at $4,643,836.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. 39.54% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DLB. Rosenblatt Securities reissued a “buy” rating and set a $98.00 price target on shares of Dolby Laboratories in a research report on Monday, April 29th. StockNews.com raised Dolby Laboratories from a “hold” rating to a “buy” rating in a research report on Saturday, May 11th.

View Our Latest Stock Analysis on DLB

Dolby Laboratories Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Dolby Laboratories (NYSE:DLB)

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