Dolby Laboratories (DLB) Position Increased by Geode Capital Management, LLC Last Quarter

Rodiano Bonacci
Novembre 18, 2017

The value of the total investment in Dolby Laboratories increased from $3,250,000 to $3,781,000 a change of $531,000 for the reporting period. Alliancebernstein L.P. raised its holdings in shares of Dolby Laboratories by 157.2% in the second quarter. Janus Henderson Group PLC now owns 2,657,618 shares of the electronics maker's stock worth $152,875,000 after buying an additional 2,069,849 shares during the last quarter. US Bancorp DE grew its stake in Dolby Laboratories by 2.6% in the 2nd quarter. FL now owns 1,172,271 shares of the electronics maker's stock worth $57,394,000 after buying an additional 445,411 shares during the last quarter. Teacher Retirement System of Texas grew its stake in Dolby Laboratories by 4.6% in the 2nd quarter.

Large investors have recently bought and sold shares of the stock.

Geode Capital Management, LLC says it raised its investment in Dolby Laboratories by 544,357.4% in its quarterly SEC filing.

Here are a few institutional investors who have updated their positions.

The Manufacturers Life Insurance Company raised its position in shares of Dolby Laboratories by 25.5% in the 2nd quarter.

Director N. William Jr Jasper let go of 8,000 shares at an average price of $60.00 on Wednesday the 18th.

In other news, SVP Steven E. Forshay sold 9,355 shares of the firm's stock in a transaction that occurred on Monday, October 30th. The total value of its holdings increased 59.7%. The disclosure for this sale can be found here. In the last quarter, insiders have sold 788,555 shares of company stock valued at $42,336,905.

DLB has been the subject of a number of research reports. Finally, BidaskClub cut Dolby Laboratories from a "hold" rating to a "sell" rating in a report on Saturday, August 5th.

September 14 investment analysts at B. Riley kept the company rating at "Buy" with a current price target of $61.50. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. Dougherty & Co restated a "buy" rating and issued a $63.00 price target on shares of Dolby Laboratories in a report on Wednesday, September 13th.

Dolby Laboratories (NYSE:DLB) last announced its quarterly earnings results on Wednesday, October 25th.

The company is up since yesterday's close of 60.94. The P/E ratio is 31.56 and market cap is 6.25B. Dolby Laboratories has a 1 year low of $44.98 and a 1 year high of $61.45. Timucuan Asset Management Inc/fl augmented its investment by buying 41,043 shares an increase of 3.5% as of 09/30/2017. The electronics maker reported $0.45 EPS for the quarter, topping the consensus estimate of $0.27 by $0.18. Dolby Laboratories had a net margin of 9.06% and a return on equity of 4.11%. The company had revenue of $242.05 million during the quarter, compared to analysts' expectations of $244.80 million. During the same quarter past year, the firm earned $0.43 earnings per share. During the same quarter in the prior year, the company earned $0.37 earnings per share.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Finally, Calamos Advisors LLC acquired a new position in shares of Dolby Laboratories during the second quarter worth approximately $19,638,000. This represents a $0.64 annualized dividend and a dividend yield of 1.04%. Dolby Laboratories's payout ratio is now 32.99%.

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Dolby Laboratories, Inc designs and manufactures audio and imaging products for the cinema, television, broadcast and entertainment industries. Its products for cinema include Digital Cinema Servers and Cinema Audio Products, and broadcast and other include Dolby Conference Phone and Other Products. It offers services to support theatrical and television production for cinema exhibition, broadcast and home entertainment, including equipment training and maintenance, mixing room alignment and equalization, as well as audio, color and light image calibration.

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