Ameritas Advisory Services LLC Takes $48,000 Position in Dolby Laboratories $DLB

Ameritas Advisory Services LLC acquired a new stake in shares of Dolby Laboratories (NYSE:DLB) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 649 shares of the electronics maker’s stock, valued at approximately $48,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC boosted its position in Dolby Laboratories by 114.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,141 shares of the electronics maker’s stock valued at $975,000 after acquiring an additional 6,484 shares in the last quarter. Park Avenue Securities LLC bought a new stake in Dolby Laboratories during the first quarter valued at about $222,000. Vanguard Group Inc. boosted its position in Dolby Laboratories by 7.1% during the first quarter. Vanguard Group Inc. now owns 7,535,722 shares of the electronics maker’s stock valued at $605,194,000 after purchasing an additional 502,110 shares in the last quarter. Fiera Capital Corp boosted its position in Dolby Laboratories by 19.0% during the first quarter. Fiera Capital Corp now owns 639,404 shares of the electronics maker’s stock valued at $51,351,000 after purchasing an additional 102,028 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Dolby Laboratories by 3.0% during the first quarter. Principal Financial Group Inc. now owns 140,806 shares of the electronics maker’s stock valued at $11,308,000 after purchasing an additional 4,121 shares in the last quarter. 58.56% of the stock is currently owned by institutional investors.

Dolby Laboratories Stock Performance

Shares of DLB opened at $68.80 on Tuesday. The stock has a 50-day moving average of $72.14 and a two-hundred day moving average of $73.94. Dolby Laboratories has a one year low of $67.83 and a one year high of $89.66. The stock has a market cap of $6.59 billion, a P/E ratio of 25.20 and a beta of 0.92.

Dolby Laboratories (NYSE:DLB) last released its earnings results on Thursday, July 31st. The electronics maker reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. Dolby Laboratories had a return on equity of 11.52% and a net margin of 19.62%.The firm had revenue of $315.55 million during the quarter, compared to the consensus estimate of $305.23 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue was up 9.2% compared to the same quarter last year. Dolby Laboratories has set its FY 2025 guidance at 3.880-4.030 EPS. Q4 2025 guidance at 0.610-0.760 EPS. Analysts predict that Dolby Laboratories will post 2.94 EPS for the current fiscal year.

Dolby Laboratories Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Tuesday, August 12th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, August 12th. Dolby Laboratories’s payout ratio is 48.35%.

Insider Activity

In other Dolby Laboratories news, CEO Kevin J. Yeaman sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $72.31, for a total value of $1,807,750.00. Following the completion of the transaction, the chief executive officer directly owned 114,725 shares of the company’s stock, valued at approximately $8,295,764.75. The trade was a 17.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Shriram Revankar sold 7,000 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $74.92, for a total transaction of $524,440.00. Following the completion of the transaction, the senior vice president owned 70,435 shares of the company’s stock, valued at approximately $5,276,990.20. This represents a 9.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 59,491 shares of company stock valued at $4,310,515. Insiders own 38.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Rosenblatt Securities restated a “buy” rating and issued a $95.00 price target on shares of Dolby Laboratories in a report on Friday, August 1st. Weiss Ratings restated a “hold (c)” rating on shares of Dolby Laboratories in a research note on Wednesday, October 8th. Barrington Research restated an “outperform” rating and issued a $100.00 target price on shares of Dolby Laboratories in a research note on Friday, September 12th. Wall Street Zen raised Dolby Laboratories from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Finally, Baird R W raised Dolby Laboratories to a “hold” rating in a research report on Friday, September 5th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Dolby Laboratories presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.75.

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.