Arlington Trust Co LLC Buys 225 Shares of Dolby Laboratories, Inc. (NYSE:DLB)

Arlington Trust Co LLC grew its position in shares of Dolby Laboratories, Inc. (NYSE:DLB) by 15.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,725 shares of the electronics maker’s stock after purchasing an additional 225 shares during the quarter. Arlington Trust Co LLC’s holdings in Dolby Laboratories were worth $135,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Savant Capital LLC grew its holdings in Dolby Laboratories by 2.0% during the 4th quarter. Savant Capital LLC now owns 6,274 shares of the electronics maker’s stock worth $490,000 after acquiring an additional 125 shares during the period. Entropy Technologies LP bought a new stake in Dolby Laboratories in the fourth quarter worth approximately $1,268,000. Mather Group LLC. boosted its holdings in shares of 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 buying an additional 142 shares in the last quarter. Boston Trust Walden Corp grew its position in shares of Dolby Laboratories by 0.9% during the 4th quarter. Boston Trust Walden Corp now owns 1,084,700 shares of the electronics maker’s stock worth $84,715,000 after buying an additional 9,624 shares during the period. Finally, Willis Investment Counsel increased its stake in shares of Dolby Laboratories by 3.5% in the 4th quarter. Willis Investment Counsel now owns 6,157 shares of the electronics maker’s stock valued at $481,000 after acquiring an additional 206 shares in the last quarter. Institutional investors and hedge funds own 58.56% of the company’s stock.

Insider Activity

In other news, SVP John D. Couling sold 50,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $80.04, for a total value of $4,002,000.00. Following the completion of the sale, the senior vice president now owns 106,806 shares in the company, valued at $8,548,752.24. This represents a 31.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mark Andrew Sherman sold 40,000 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $84.88, for a total transaction of $3,395,200.00. Following the completion of the sale, the executive vice president now directly owns 62,397 shares of the company’s stock, valued at $5,296,257.36. The trade was a 39.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 182,917 shares of company stock worth $14,861,429 over the last 90 days. 38.39% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

DLB has been the subject of a number of research reports. Rosenblatt Securities restated a “buy” rating and issued a $100.00 price target on shares of Dolby Laboratories in a report on Thursday, January 30th. StockNews.com lowered Dolby Laboratories from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 31st. Finally, Barrington Research reiterated an “outperform” rating and issued a $100.00 price target on shares of Dolby Laboratories in a report on Monday, January 27th.

Dolby Laboratories Trading Down 0.7 %

Dolby Laboratories stock opened at $83.81 on Monday. The firm’s fifty day moving average price is $79.87 and its two-hundred day moving average price is $75.87. The firm has a market capitalization of $8.00 billion, a price-to-earnings ratio of 30.81 and a beta of 0.98. Dolby Laboratories, Inc. has a 1-year low of $66.35 and a 1-year high of $89.66.

Dolby Laboratories Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Tuesday, February 11th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Tuesday, February 11th. Dolby Laboratories’s dividend payout ratio is currently 48.53%.

Dolby Laboratories 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.