Quantinno Capital Management LP Buys 5,652 Shares of Dolby Laboratories, Inc. (NYSE:DLB)

Quantinno Capital Management LP raised its holdings in shares of Dolby Laboratories, Inc. (NYSE:DLB - Free Report) by 65.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,244 shares of the electronics maker's stock after purchasing an additional 5,652 shares during the period. Quantinno Capital Management LP's holdings in Dolby Laboratories were worth $1,113,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Fifth Third Bancorp lifted its stake in Dolby Laboratories by 82.7% in the fourth quarter. Fifth Third Bancorp now owns 360 shares of the electronics maker's stock worth $28,000 after acquiring an additional 163 shares during the period. Nisa Investment Advisors LLC raised its holdings 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 in the last quarter. Mather Group LLC. lifted its position in shares of 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 stake in shares of Dolby Laboratories during the 4th quarter valued at about $57,000. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Dolby Laboratories during the fourth quarter valued at about $71,000. Hedge funds and other institutional investors own 58.56% of the company's stock.

Insider Buying and Selling

In related news, SVP John D. Couling sold 675 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were 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 of the company's stock, valued at $9,091,171.04. This trade represents a 0.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 38.39% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on DLB shares. Wall Street Zen lowered shares of Dolby Laboratories from a "strong-buy" rating to a "buy" rating in a report on Friday, January 31st. 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. Tigress Financial started 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. Finally, Rosenblatt Securities lowered their price objective 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.

Dolby Laboratories Trading Down 0.5%

DLB traded down $0.35 during midday trading on Wednesday, reaching $75.18. The company's stock had a trading volume of 31,103 shares, compared to its average volume of 449,972. Dolby Laboratories, Inc. has a 1 year low of $66.35 and a 1 year high of $89.66. The stock's 50-day moving average is $75.73 and its 200-day moving average is $78.58. The firm has a market capitalization of $7.22 billion, a price-to-earnings ratio of 27.65 and a beta of 0.95.

Dolby Laboratories (NYSE:DLB - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The electronics maker reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.05. The company had revenue of $369.56 million for the quarter, compared to the consensus estimate of $375.44 million. Dolby Laboratories had a return on equity of 11.32% and a net margin of 19.97%. The firm's quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.27 EPS. As a group, equities research analysts forecast that Dolby Laboratories, Inc. will post 2.94 earnings per share for the current fiscal year.

Dolby Laboratories Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Tuesday, May 13th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.76%. The ex-dividend date was Tuesday, May 13th. Dolby Laboratories's dividend payout ratio is presently 49.81%.

About Dolby Laboratories

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.