WCM Investment Management LLC Invests $716,000 in Dolby Laboratories $DLB

WCM Investment Management LLC purchased a new stake in Dolby Laboratories (NYSE:DLBFree Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,287 shares of the electronics maker’s stock, valued at approximately $716,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Fifth Third Bancorp grew 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 buying an additional 192 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in shares of Dolby Laboratories during the 3rd quarter worth $56,000. iSAM Funds UK Ltd purchased a new position in shares of Dolby Laboratories during the 3rd quarter worth $68,000. Allworth Financial LP boosted its position in shares of Dolby Laboratories by 99.6% during the 3rd quarter. Allworth Financial LP now owns 1,006 shares of the electronics maker’s stock valued at $73,000 after acquiring an additional 502 shares during the last quarter. Finally, Quarry LP boosted its position in shares of Dolby Laboratories by 1,486.7% during the 4th quarter. Quarry LP now owns 1,190 shares of the electronics maker’s stock valued at $76,000 after acquiring an additional 1,115 shares during the last quarter. Hedge funds and other institutional investors own 58.56% of the company’s stock.

Insider Activity at Dolby Laboratories

In related news, SVP John D. Couling sold 7,667 shares of Dolby Laboratories stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $53.20, for a total value of $407,884.40. Following the completion of the sale, the senior vice president owned 118,727 shares in the company, valued at approximately $6,316,276.40. This trade represents a 6.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert J. Park sold 4,895 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $56.68, for a total value of $277,448.60. Following the transaction, the chief financial officer owned 81,490 shares in the company, valued at $4,618,853.20. This trade represents a 5.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 47,458 shares of company stock valued at $2,639,537. 37.93% of the stock is owned by insiders.

Dolby Laboratories Stock Down 1.5%

Shares of Dolby Laboratories stock opened at $49.91 on Wednesday. The firm has a market cap of $4.72 billion, a PE ratio of 19.73 and a beta of 0.81. Dolby Laboratories has a 52 week low of $48.26 and a 52 week high of $77.00. The business’s fifty day simple moving average is $52.66 and its 200-day simple moving average is $59.23.

Dolby Laboratories (NYSE:DLBGet Free Report) last issued its quarterly earnings data on Thursday, April 30th. The electronics maker reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.06. Dolby Laboratories had a net margin of 17.85% and a return on equity of 11.47%. The firm had revenue of $395.63 million for the quarter, compared to analyst estimates of $385.80 million. During the same period in the previous year, the firm earned $1.34 EPS. Dolby Laboratories’s revenue was up 7.0% on a year-over-year basis. 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 analysts expect that Dolby Laboratories will post 3.21 earnings per share for the current year.

Dolby Laboratories Announces Dividend

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

Analyst Upgrades and Downgrades

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

Check Out Our Latest Analysis on DLB

Dolby Laboratories Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Dolby Laboratories (NYSE:DLB)

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