Illinois Municipal Retirement Fund Has $2.58 Million Stake in Dolby Laboratories $DLB

Illinois Municipal Retirement Fund raised its stake in shares of Dolby Laboratories (NYSE:DLB) by 33.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 42,933 shares of the electronics maker’s stock after purchasing an additional 10,871 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Dolby Laboratories were worth $2,579,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Boothbay Fund Management LLC lifted its stake in shares of Dolby Laboratories by 4.1% in the second quarter. Boothbay Fund Management LLC now owns 4,020 shares of the electronics maker’s stock valued at $299,000 after buying an additional 157 shares during the period. Covestor Ltd increased its stake in Dolby Laboratories by 6.0% during the fourth quarter. Covestor Ltd now owns 3,088 shares of the electronics maker’s stock valued at $198,000 after acquiring an additional 175 shares during the period. Fifth Third Bancorp raised its holdings in 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 in the last quarter. State of Michigan Retirement System raised its holdings in Dolby Laboratories by 1.4% in the 1st quarter. State of Michigan Retirement System now owns 14,700 shares of the electronics maker’s stock valued at $883,000 after acquiring an additional 200 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in shares of Dolby Laboratories by 1.0% in the 2nd quarter. Raymond James Financial Inc. now owns 24,344 shares of the electronics maker’s stock worth $1,808,000 after acquiring an additional 235 shares during the period. Institutional investors and hedge funds own 58.56% of the company’s stock.

Dolby Laboratories Trading Down 0.2%

DLB stock opened at $48.97 on Monday. Dolby Laboratories has a 1-year low of $48.26 and a 1-year high of $77.00. The business’s 50 day moving average is $52.91 and its 200-day moving average is $59.44. The firm has a market cap of $4.63 billion, a P/E ratio of 19.36 and a beta of 0.81.

Dolby Laboratories (NYSE:DLB) last posted its earnings results on Thursday, April 30th. The electronics maker reported $1.37 EPS for the quarter, topping the consensus estimate of $1.31 by $0.06. The business had revenue of $395.63 million during the quarter, compared to the consensus estimate of $385.80 million. Dolby Laboratories had a return on equity of 11.47% and a net margin of 17.85%.Dolby Laboratories’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company earned $1.34 EPS. 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. Sell-side analysts forecast that Dolby Laboratories will post 3.21 EPS for the current year.

Dolby Laboratories Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Tuesday, May 12th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.9%. Dolby Laboratories’s dividend payout ratio (DPR) is presently 56.92%.

Analyst Ratings Changes

Several analysts have recently weighed in on DLB shares. Rosenblatt Securities reissued a “buy” rating and set a $85.00 price objective on shares of Dolby Laboratories in a report on Thursday, June 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Dolby Laboratories in a research note on Wednesday, June 24th. Wall Street Zen raised Dolby Laboratories from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Finally, Barrington Research reiterated an “outperform” rating and set a $90.00 price target on shares of Dolby Laboratories in a research note on Monday, June 15th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.75.

Insider Buying and Selling

In other news, CFO Robert J. Park sold 4,895 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $56.68, for a total value of $277,448.60. Following the sale, the chief financial officer owned 81,490 shares in the company, valued at approximately $4,618,853.20. The trade was a 5.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Todd Pendleton sold 11,876 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $54.55, for a total transaction of $647,835.80. Following the completion of the sale, the chief marketing officer directly owned 41,480 shares in the company, valued at approximately $2,262,734. The trade was a 22.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 47,458 shares of company stock valued at $2,639,537 in the last ninety days. Insiders own 37.93% of the company’s stock.

Dolby Laboratories Company Profile

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.