Bank of New York Mellon Corp Sells 317,136 Shares of Dolby Laboratories $DLB

Bank of New York Mellon Corp lessened its position in shares of Dolby Laboratories (NYSE:DLB) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,232,346 shares of the electronics maker’s stock after selling 317,136 shares during the quarter. Bank of New York Mellon Corp owned about 0.05% of Dolby Laboratories worth $336,021,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Hantz Financial Services Inc. increased its stake in Dolby Laboratories by 166.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 352 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 220 shares in the last quarter. Rothschild Investment LLC boosted its holdings in shares of Dolby Laboratories by 4,046.7% in the 3rd quarter. Rothschild Investment LLC now owns 622 shares of the electronics maker’s stock valued at $45,000 after acquiring an additional 607 shares during the last quarter. Optiver Holding B.V. boosted its holdings in shares of Dolby Laboratories by 7,955.6% in the 3rd quarter. Optiver Holding B.V. now owns 725 shares of the electronics maker’s stock valued at $52,000 after acquiring an additional 716 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Dolby Laboratories by 34.7% in the 4th quarter. Fifth Third Bancorp now owns 746 shares of the electronics maker’s stock valued at $48,000 after acquiring an additional 192 shares during the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Dolby Laboratories in the 3rd quarter valued at $56,000. Institutional investors own 58.56% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on DLB shares. Wall Street Zen raised shares of Dolby Laboratories from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Dolby Laboratories in a report on Friday, March 27th. Finally, Barrington Research restated an “outperform” rating and set a $90.00 price objective on shares of Dolby Laboratories in a research report on Monday, April 27th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.75.

Dolby Laboratories Stock Down 1.5%

Shares of NYSE DLB opened at $54.04 on Friday. The firm has a 50-day simple moving average of $59.06 and a 200-day simple moving average of $62.70. The stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of 21.36 and a beta of 0.81. Dolby Laboratories has a 52 week low of $52.45 and a 52 week high of $77.00.

Dolby Laboratories (NYSE:DLB) last issued its earnings results on Thursday, April 30th. The electronics maker reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.06. The business had revenue of $395.63 million during the quarter, compared to analysts’ expectations of $385.80 million. Dolby Laboratories had a net margin of 17.85% and a return on equity of 11.47%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.34 earnings per share. Dolby Laboratories has set its FY 2026 guidance at 4.300-4.450 EPS and its Q3 2026 guidance at 0.560-0.710 EPS. As a group, equities research analysts expect that Dolby Laboratories will post 3.21 EPS for the current year.

Dolby Laboratories Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Tuesday, May 12th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Tuesday, May 12th. Dolby Laboratories’s dividend payout ratio is 56.92%.

Insider Activity

In related news, SVP John D. Couling sold 7,666 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $55.62, for a total transaction of $426,382.92. Following the completion of the sale, the senior vice president directly owned 118,727 shares in the company, valued at approximately $6,603,595.74. This trade represents a 6.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Shriram Revankar sold 3,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $54.90, for a total transaction of $164,700.00. Following the sale, the senior vice president owned 80,603 shares of the company’s stock, valued at approximately $4,425,104.70. The trade was a 3.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 39,791 shares of company stock valued at $2,231,653 in the last ninety days. 37.93% of the stock is currently owned by company insiders.

About Dolby Laboratories

Dolby Laboratories, Inc is a global leader in audio and imaging technologies, specializing in the development, licensing and deployment of solutions that enhance entertainment and communications experiences. The company’s core business revolves around creating advanced audio codecs, noise reduction systems and spatial sound technologies for a wide range of applications, including cinema, broadcast, gaming, streaming and personal devices. Dolby’s licensing model enables consumer electronics manufacturers, content creators and service providers to integrate its technologies into products such as televisions, smartphones, home theater systems and set-top boxes.

Among its flagship innovations are Dolby Atmos, an immersive audio format that delivers three-dimensional soundscapes for theaters and home systems; Dolby Digital and Dolby Digital Plus, widely adopted audio compression formats for broadcast and streaming; and Dolby Vision, a high-dynamic-range imaging technology that expands color, contrast and brightness in displays.