29,819 Shares in Dolby Laboratories $DLB Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC acquired a new stake in Dolby Laboratories (NYSE:DLB) in the second quarter, HoldingsChannel.com reports. The firm acquired 29,819 shares of the electronics maker’s stock, valued at approximately $2,214,000.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in Dolby Laboratories by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 7,535,722 shares of the electronics maker’s stock worth $605,194,000 after purchasing an additional 502,110 shares during the period. Geode Capital Management LLC raised its holdings in shares of Dolby Laboratories by 2.0% in the second quarter. Geode Capital Management LLC now owns 1,556,571 shares of the electronics maker’s stock valued at $116,159,000 after buying an additional 30,057 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Dolby Laboratories by 1.7% during the second quarter. Acadian Asset Management LLC now owns 1,160,661 shares of the electronics maker’s stock worth $86,172,000 after buying an additional 19,840 shares during the period. Mackenzie Financial Corp grew its holdings in shares of Dolby Laboratories by 17.9% during the first quarter. Mackenzie Financial Corp now owns 1,147,800 shares of the electronics maker’s stock worth $92,180,000 after buying an additional 174,373 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Dolby Laboratories by 63.6% during the first quarter. AQR Capital Management LLC now owns 1,143,978 shares of the electronics maker’s stock worth $90,946,000 after buying an additional 444,718 shares during the last quarter. 58.56% of the stock is currently owned by hedge funds and other institutional investors.

Dolby Laboratories Stock Performance

Shares of NYSE DLB opened at $65.13 on Wednesday. Dolby Laboratories has a one year low of $64.02 and a one year high of $89.66. The firm has a market capitalization of $6.24 billion, a P/E ratio of 23.86 and a beta of 0.97. The company’s fifty day moving average is $68.93 and its two-hundred day moving average is $72.51.

Dolby Laboratories (NYSE:DLB) last announced its quarterly earnings data on Tuesday, November 18th. The electronics maker reported $0.99 EPS for the quarter, beating the consensus estimate of $0.70 by $0.29. Dolby Laboratories had a net margin of 19.62% and a return on equity of 11.52%. Dolby Laboratories’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 earnings per share. Dolby Laboratories has set its FY 2026 guidance at 4.190-4.340 EPS. Q1 2026 guidance at 0.790-0.940 EPS. On average, sell-side analysts forecast that Dolby Laboratories will post 2.94 earnings per share for the current fiscal year.

Dolby Laboratories Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, December 2nd will be paid a dividend of $0.36 per share. This is a positive change from Dolby Laboratories’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $1.44 annualized dividend and a dividend yield of 2.2%. Dolby Laboratories’s dividend payout ratio is presently 48.35%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DLB. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dolby Laboratories in a research note on Thursday, November 13th. Barrington Research reissued an “outperform” rating and issued a $100.00 price objective on shares of Dolby Laboratories in a research note on Friday, September 12th. Tigress Financial upped their price objective on shares of Dolby Laboratories from $112.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, August 15th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $95.00 target price on shares of Dolby Laboratories in a report on Friday, August 1st. Finally, Robert W. Baird initiated coverage on shares of Dolby Laboratories in a report on Friday, September 5th. They set a “neutral” rating and a $74.00 price target for the company. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Dolby Laboratories presently has an average rating of “Moderate Buy” and an average target price of $95.75.

Insider Buying and Selling

In other news, CEO Kevin J. Yeaman sold 25,000 shares of Dolby Laboratories stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $68.87, for a total transaction of $1,721,750.00. Following the completion of the transaction, the chief executive officer owned 114,725 shares of the company’s stock, valued at $7,901,110.75. The trade was a 17.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Shriram Revankar sold 7,000 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $74.92, for a total transaction of $524,440.00. Following the completion of the sale, the senior vice president owned 70,435 shares in the company, valued at $5,276,990.20. This represents a 9.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 57,000 shares of company stock worth $4,037,690. Insiders own 38.39% of the company’s stock.

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.