2 weeks Ago By Defense World Staff
Dimensional Fund Advisors LP raised its position in Dolby Laboratories, Inc. ( NYSE:DLB – Free Report ) by 27.0% during the 2nd quarter, according to its most recent disclosure with the SEC.
The fund owned 792,828 shares of the electronics maker’s stock after purchasing an additional 168,744 shares during the period. Dimensional Fund Advisors LP owned about 0.83% of Dolby Laboratories worth $62,817,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Corient Private Wealth LLC increased its stake in shares of Dolby Laboratories by 4.2% during the 4th quarter.
Corient Private Wealth LLC now owns 6,589 shares of the electronics maker’s stock worth $568,000 after purchasing an additional 268 shares in the last quarter. Franklin Resources Inc. increased its position in Dolby Laboratories by 4.
5% during the fourth quarter. Franklin Resources Inc. now owns 59,307 shares of the electronics maker’s stock worth $5,111,000 after buying an additional 2,527 shares in the last quarter.
Allianz Asset Management GmbH raised its holdings in shares of Dolby Laboratories by 3.2% in the fourth quarter. Allianz Asset Management GmbH now owns 90,042 shares of the electronics maker’s stock worth $7,760,000 after acquiring an additional 2,818 shares during the last quarter.
Fiduciary Trust Co lifted its position in shares of Dolby Laboratories by 5.6% in the fourth quarter. Fiduciary Trust Co now owns 9,506 shares of the electronics maker’s stock valued at $819,000 after acquiring an additional 500 shares in the last quarter.
Finally, Treasurer of the State of North Carolina boosted its stake in shares of Dolby Laboratories by 0.9% during the fourth quarter. Treasurer of the State of North Carolina now owns 27,071 shares of the electronics maker’s stock valued at $2,333,000 after acquiring an additional 254 shares during the last quarter.
Hedge funds and other institutional investors own 58.56% of the company’s stock. Analysts Set New Price Targets A number of brokerages have recently commented on DLB.
Barrington Research reiterated an “outperform” rating and set a $100.00 price target on shares of Dolby Laboratories in a report on Friday, September 20th. Rosenblatt Securities reiterated a “buy” rating and issued a $98.
00 price target on shares of Dolby Laboratories in a report on Friday, June 7th. Dolby Laboratories Price Performance DLB opened at $75.59 on Friday.
Dolby Laboratories, Inc. has a 12 month low of $66.35 and a 12 month high of $90.
06. The business has a 50-day moving average of $72.80 and a two-hundred day moving average of $78.
03. The stock has a market capitalization of $7.24 billion, a price-to-earnings ratio of 38.
57 and a beta of 0.97. Dolby Laboratories ( NYSE:DLB – Get Free Report ) last issued its quarterly earnings results on Wednesday, August 7th.
The electronics maker reported $0.47 EPS for the quarter, topping the consensus estimate of $0.33 by $0.
14. Dolby Laboratories had a net margin of 16.87% and a return on equity of 10.
66%. The firm had revenue of $288.82 million during the quarter, compared to analyst estimates of $286.
26 million. Equities research analysts anticipate that Dolby Laboratories, Inc. will post 2.
72 earnings per share for the current year. Dolby Laboratories announced that its board has initiated a stock repurchase program on Wednesday, August 7th that allows the company to buyback $350.00 million in shares.
This buyback authorization allows the electronics maker to purchase up to 5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued. Dolby Laboratories Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 27th.
Investors of record on Monday, August 19th were given a dividend of $0.30 per share. This represents a $1.
20 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Monday, August 19th.
Dolby Laboratories’s dividend payout ratio (DPR) is presently 61.22%. About Dolby Laboratories ( 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. See Also Five stocks we like better than Dolby Laboratories 3 Grocery Stocks That Are Proving They Are Still Essential Can Costco Stock Hit New Highs as Interest Rates Drop? Stock Average Calculator These 3 Stocks Show How to Navigate Declining Consumer Confidence Are These Liquid Natural Gas Stocks Ready For An Upside Bounce? MicroStrategy’s Returns Are 3X Higher Than Bitcoin: Time to Buy? Want to see what other hedge funds are holding DLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dolby Laboratories, Inc.
( NYSE:DLB – Free Report ). Receive News & Ratings for Dolby Laboratories Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dolby Laboratories and related companies with MarketBeat.com's FREE daily email newsletter .
.
