1 day Ago By ABMN Staff
Sei Investments Co. decreased its holdings in Dolby Laboratories, Inc. ( NYSE:DLB – Free Report ) by 3.
8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 74,367 shares of the electronics maker’s stock after selling 2,940 shares during the quarter. Sei Investments Co.
’s holdings in Dolby Laboratories were worth $5,808,000 as of its most recent filing with the SEC. Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fifth Third Bancorp raised its position in shares of Dolby Laboratories by 82.
7% in the 4th quarter. Fifth Third Bancorp now owns 360 shares of the electronics maker’s stock valued at $28,000 after purchasing an additional 163 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Dolby Laboratories by 436.
2% in the fourth quarter. Nisa Investment Advisors LLC now owns 370 shares of the electronics maker’s stock valued at $29,000 after acquiring an additional 301 shares in the last quarter. Mather Group LLC.
grew its holdings in Dolby Laboratories by 36.8% during the 4th quarter. Mather Group LLC.
now owns 528 shares of the electronics maker’s stock worth $41,000 after acquiring an additional 142 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Dolby Laboratories by 207.5% in the 4th quarter.
GAMMA Investing LLC now owns 778 shares of the electronics maker’s stock worth $61,000 after purchasing an additional 525 shares during the last quarter. Finally, Wealthfront Advisers LLC acquired a new stake in shares of Dolby Laboratories in the 4th quarter valued at about $94,000. Hedge funds and other institutional investors own 58.
56% of the company’s stock. Insider Transactions at Dolby Laboratories In other Dolby Laboratories news, CMO Todd Pendleton sold 18,121 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $83.
75, for a total value of $1,517,633.75. Following the completion of the transaction, the chief marketing officer now owns 37,290 shares in the company, valued at approximately $3,123,037.
50. This represents a 32.70 % decrease in their position.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . Also, EVP Mark Andrew Sherman sold 40,000 shares of Dolby Laboratories stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $84.
88, for a total value of $3,395,200.00. Following the sale, the executive vice president now directly owns 62,397 shares in the company, valued at approximately $5,296,257.
36. This trade represents a 39.06 % decrease in their position.
The disclosure for this sale can be found here . In the last ninety days, insiders have sold 65,121 shares of company stock worth $5,501,324. 38.
39% of the stock is currently owned by company insiders. Wall Street Analysts Forecast Growth View Our Latest Stock Report on DLB Dolby Laboratories Stock Up 0.4 % Shares of NYSE:DLB opened at $80.
64 on Wednesday. The company has a market cap of $7.70 billion, a PE ratio of 29.
65 and a beta of 1.01. Dolby Laboratories, Inc.
has a fifty-two week low of $66.35 and a fifty-two week high of $89.66.
The firm has a 50-day simple moving average of $82.22 and a 200 day simple moving average of $78.45.
Dolby Laboratories Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Tuesday, February 11th were issued a dividend of $0.33 per share.
This represents a $1.32 annualized dividend and a dividend yield of 1.64%.
The ex-dividend date of this dividend was Tuesday, February 11th. Dolby Laboratories’s dividend payout ratio (DPR) is presently 48.53%.
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. Featured Stories 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.
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