Quantinno Capital Management LP Raises Stock Position in Dolby Laboratories, Inc. (NYSE:DLB)

Quantinno Capital Management LP boosted its stake in Dolby Laboratories, Inc. (NYSE:DLB - Free Report) by 65.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,244 shares of the electronics maker's stock after purchasing an additional 5,652 shares during the quarter. Quantinno Capital Management LP's holdings in Dolby Laboratories were worth $1,113,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Fifth Third Bancorp boosted its stake in Dolby Laboratories by 82.7% in the 4th quarter. Fifth Third Bancorp now owns 360 shares of the electronics maker's stock worth $28,000 after purchasing an additional 163 shares during the period. Nisa Investment Advisors LLC boosted its stake in Dolby Laboratories by 436.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 370 shares of the electronics maker's stock worth $29,000 after purchasing an additional 301 shares during the period. Mather Group LLC. boosted its stake in Dolby Laboratories by 36.8% in the 4th quarter. Mather Group LLC. now owns 528 shares of the electronics maker's stock worth $41,000 after purchasing an additional 142 shares during the period. Headlands Technologies LLC bought a new position in Dolby Laboratories in the 4th quarter worth about $57,000. Finally, Kapitalo Investimentos Ltda bought a new position in Dolby Laboratories in the 4th quarter worth about $71,000. Institutional investors own 58.56% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on DLB. Barrington Research restated an "outperform" rating and issued a $100.00 target price on shares of Dolby Laboratories in a research note on Friday, May 2nd. Rosenblatt Securities dropped their price target on Dolby Laboratories from $100.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Wall Street Zen cut Dolby Laboratories from a "strong-buy" rating to a "buy" rating in a report on Friday, January 31st. Finally, Tigress Financial assumed coverage on Dolby Laboratories in a research note on Thursday, May 15th. They issued a "buy" rating and a $112.00 price target on the stock.

Dolby Laboratories Stock Performance

Shares of NYSE:DLB traded up $0.72 during midday trading on Tuesday, reaching $75.39. 148,867 shares of the company's stock traded hands, compared to its average volume of 450,779. Dolby Laboratories, Inc. has a one year low of $66.35 and a one year high of $89.66. The stock has a 50 day moving average of $75.86 and a 200 day moving average of $78.60. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 27.72 and a beta of 0.95.

Dolby Laboratories (NYSE:DLB - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The electronics maker reported $1.34 EPS for the quarter, topping the consensus estimate of $1.29 by $0.05. Dolby Laboratories had a return on equity of 11.32% and a net margin of 19.97%. The firm had revenue of $369.56 million for the quarter, compared to the consensus estimate of $375.44 million. During the same quarter last year, the company earned $1.27 earnings per share. The business's revenue for the quarter was up 1.4% compared to the same quarter last year. Sell-side analysts predict that Dolby Laboratories, Inc. 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, May 21st. Stockholders of record on Tuesday, May 13th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Tuesday, May 13th. Dolby Laboratories's dividend payout ratio (DPR) is currently 49.81%.

Insider Buying and Selling

In related news, SVP John D. Couling sold 675 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $75.04, for a total transaction of $50,652.00. Following the completion of the sale, the senior vice president now owns 121,151 shares in the company, valued at approximately $9,091,171.04. This trade represents a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 38.39% of the stock is currently owned by company insiders.

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.