Universal Beteiligungs und Servicegesellschaft mbH Invests $1.01 Million in Dolby Laboratories (NYSE:DLB)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired a stake in Dolby Laboratories, purchasing 12,591 shares valued at approximately $1,011,000.
• Dolby's most recent earnings report showed earnings per share of $0.78, surpassing estimates, with a 9.2% increase in revenue year-over-year.
• The company recently announced a quarterly dividend of $0.33 per share, representing a dividend yield of 1.9% and a payout ratio of 49.81%.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Dolby Laboratories (NYSE:DLB - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 12,591 shares of the electronics maker's stock, valued at approximately $1,011,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Alpine Bank Wealth Management bought a new position in shares of Dolby Laboratories during the 1st quarter valued at about $25,000. Global X Japan Co. Ltd. purchased a new stake in shares of Dolby Laboratories in the first quarter worth approximately $51,000. Fifth Third Bancorp raised its position in Dolby Laboratories by 84.7% during the first quarter. Fifth Third Bancorp now owns 665 shares of the electronics maker's stock valued at $53,000 after acquiring an additional 305 shares in the last quarter. UMB Bank n.a. raised its position in Dolby Laboratories by 170.5% during the first quarter. UMB Bank n.a. now owns 698 shares of the electronics maker's stock valued at $56,000 after acquiring an additional 440 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in Dolby Laboratories during the fourth quarter valued at approximately $57,000. Institutional investors own 58.56% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Tigress Financial assumed coverage on Dolby Laboratories in a report on Thursday, May 15th. They set a "buy" rating and a $112.00 price target on the stock. Rosenblatt Securities reiterated a "buy" rating and set a $95.00 price target on shares of Dolby Laboratories in a report on Friday, August 1st. Wall Street Zen upgraded shares of Dolby Laboratories from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Finally, Barrington Research restated an "outperform" rating and issued a $100.00 price objective on shares of Dolby Laboratories in a research note on Friday, May 2nd.

Dolby Laboratories Stock Down 0.2%

DLB stock traded down $0.16 during midday trading on Wednesday, reaching $72.43. The stock had a trading volume of 172,658 shares, compared to its average volume of 429,254. The business has a fifty day simple moving average of $74.81 and a two-hundred day simple moving average of $77.45. The firm has a market cap of $6.96 billion, a price-to-earnings ratio of 26.54 and a beta of 0.91. Dolby Laboratories has a twelve month low of $66.35 and a twelve month high of $89.66.

Dolby Laboratories (NYSE:DLB - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The electronics maker reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.06. The firm had revenue of $315.55 million during the quarter, compared to analyst estimates of $305.23 million. Dolby Laboratories had a return on equity of 11.52% and a net margin of 19.62%. The company's revenue was up 9.2% on a year-over-year basis. During the same period last year, the company earned $0.71 earnings per share. On average, equities analysts predict that Dolby Laboratories will post 2.94 earnings per share for the current fiscal year.

Dolby Laboratories Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Tuesday, August 12th will be paid a dividend of $0.33 per share. The ex-dividend date is Tuesday, August 12th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.8%. Dolby Laboratories's dividend payout ratio is currently 48.35%.

Insider Buying and Selling

In related news, CEO Kevin J. Yeaman sold 2,491 shares of the stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $75.00, for a total value of $186,825.00. Following the sale, the chief executive officer owned 114,725 shares in the company, valued at approximately $8,604,375. This represents a 2.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark Andrew Sherman sold 15,000 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $75.02, for a total value of $1,125,300.00. Following the transaction, the executive vice president owned 62,397 shares in the company, valued at $4,681,022.94. The trade was a 19.38% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 116,049 shares of company stock worth $8,713,391. Company insiders own 38.39% of the company's stock.

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.