Mather Group LLC. Invests $33,000 in Dolby Laboratories, Inc. (NYSE:DLB)

Mather Group LLC. bought a new position in Dolby Laboratories, Inc. (NYSE:DLB) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 386 shares of the electronics maker’s stock, valued at approximately $33,000.

Several other large investors have also recently modified their holdings of DLB. NBC Securities Inc. grew its stake in Dolby Laboratories by 33.0% during the first quarter. NBC Securities Inc. now owns 2,460 shares of the electronics maker’s stock valued at $216,000 after acquiring an additional 611 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new position in Dolby Laboratories during the fourth quarter valued at approximately $463,000. Quadrature Capital Ltd purchased a new position in Dolby Laboratories during the fourth quarter valued at approximately $719,000. PNC Financial Services Group Inc. grew its stake in Dolby Laboratories by 2.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,677 shares of the electronics maker’s stock valued at $1,179,000 after acquiring an additional 379 shares in the last quarter. Finally, Quarry LP purchased a new position in Dolby Laboratories during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 58.56% of the company’s stock.

Insider Transactions at Dolby Laboratories

In other news, EVP Mark Andrew Sherman sold 2,283 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $79.62, for a total value of $181,772.46. Following the completion of the sale, the executive vice president now directly owns 58,325 shares in the company, valued at approximately $4,643,836.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 39.54% of the company’s stock.

Dolby Laboratories Price Performance

DLB stock opened at $80.13 on Tuesday. Dolby Laboratories, Inc. has a one year low of $75.87 and a one year high of $91.01. The stock has a market cap of $7.68 billion, a PE ratio of 40.88 and a beta of 0.99. The firm has a 50 day simple moving average of $80.16 and a two-hundred day simple moving average of $82.25.

Dolby Laboratories (NYSE:DLB) last announced its quarterly earnings data on Thursday, May 2nd. The electronics maker reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.10. The firm had revenue of $364.52 million during the quarter, compared to analyst estimates of $361.98 million. Dolby Laboratories had a net margin of 15.00% and a return on equity of 10.15%. On average, research analysts expect that Dolby Laboratories, Inc. will post 2.68 EPS for the current fiscal year.

Dolby Laboratories Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Tuesday, May 14th were issued a $0.30 dividend. The ex-dividend date was Monday, May 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.50%. Dolby Laboratories’s payout ratio is 61.22%.

Analyst Ratings Changes

DLB has been the subject of several recent analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $98.00 price objective on shares of Dolby Laboratories in a research note on Friday, June 7th. StockNews.com raised shares of Dolby Laboratories from a “hold” rating to a “buy” rating in a research note on Saturday, May 11th. Finally, Barrington Research raised shares of Dolby Laboratories from a “market perform” rating to an “outperform” rating and set a $100.00 price target for the company in a research note on Monday, June 3rd.

Dolby Laboratories Company 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.