Sapient Capital LLC Makes New $644,000 Investment in Dolby Laboratories, Inc. (NYSE:DLB)

Sapient Capital LLC bought a new stake in shares of Dolby Laboratories, Inc. (NYSE:DLB) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,473 shares of the electronics maker’s stock, valued at approximately $644,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. increased its position in shares of Dolby Laboratories by 75.7% during the 4th quarter. Blue Trust Inc. now owns 369 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 159 shares during the last quarter. VisionPoint Advisory Group LLC lifted its stake in shares of Dolby Laboratories by 86.9% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 370 shares of the electronics maker’s stock worth $29,000 after acquiring an additional 172 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Dolby Laboratories by 175.3% during the 3rd quarter. Fifth Third Bancorp now owns 446 shares of the electronics maker’s stock valued at $35,000 after acquiring an additional 284 shares during the period. Platinum Investment Management Ltd. bought a new position in Dolby Laboratories in the 3rd quarter valued at $109,000. Finally, Column Capital Advisors LLC lifted its position in shares of Dolby Laboratories by 20.1% during the third quarter. Column Capital Advisors LLC now owns 1,462 shares of the electronics maker’s stock worth $116,000 after purchasing an additional 245 shares during the last quarter. 58.56% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dolby Laboratories

In other news, SVP John D. Couling sold 33,560 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $80.81, for a total value of $2,711,983.60. Following the completion of the transaction, the senior vice president now owns 108,519 shares of the company’s stock, valued at approximately $8,769,420.39. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 39.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DLB. Rosenblatt Securities reiterated a “buy” rating and set a $98.00 price objective on shares of Dolby Laboratories in a report on Monday, April 29th. StockNews.com downgraded shares of Dolby Laboratories from a “buy” rating to a “hold” rating in a research report on Friday.

Dolby Laboratories Price Performance

Shares of DLB stock opened at $82.08 on Monday. The stock’s fifty day moving average price is $81.65 and its 200 day moving average price is $83.25. Dolby Laboratories, Inc. has a 1-year low of $75.87 and a 1-year high of $91.01. The company has a market cap of $7.85 billion, a price-to-earnings ratio of 41.88 and a beta of 0.98.

Dolby Laboratories (NYSE:DLB) last posted its quarterly earnings results on Thursday, February 1st. The electronics maker reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.14. Dolby Laboratories had a net margin of 15.00% and a return on equity of 10.15%. The business had revenue of $315.57 million during the quarter, compared to analysts’ expectations of $310.98 million. As a group, equities research analysts anticipate that Dolby Laboratories, Inc. will post 2.6 earnings per share for the current year.

Dolby Laboratories Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Tuesday, May 14th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Monday, May 13th. Dolby Laboratories’s dividend payout ratio (DPR) is currently 61.22%.

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.