Fiera Capital Corp Lowers Stock Holdings in Dolby Laboratories, Inc. (NYSE:DLB)

Fiera Capital Corp reduced its stake in Dolby Laboratories, Inc. (NYSE:DLB - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 537,376 shares of the electronics maker's stock after selling 13,719 shares during the period. Fiera Capital Corp owned approximately 0.56% of Dolby Laboratories worth $41,969,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of DLB. Fifth Third Bancorp raised its stake in shares of Dolby Laboratories by 82.7% in the fourth quarter. Fifth Third Bancorp now owns 360 shares of the electronics maker's stock valued at $28,000 after acquiring an additional 163 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Dolby Laboratories by 436.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 370 shares of the electronics maker's stock valued at $29,000 after buying an additional 301 shares during the last quarter. Mather Group LLC. increased its holdings in Dolby Laboratories by 36.8% in the fourth quarter. Mather Group LLC. now owns 528 shares of the electronics maker's stock valued at $41,000 after buying an additional 142 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in Dolby Laboratories by 22.7% in the third quarter. First Horizon Advisors Inc. now owns 790 shares of the electronics maker's stock valued at $60,000 after buying an additional 146 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Dolby Laboratories by 207.5% in the fourth quarter. GAMMA Investing LLC now owns 778 shares of the electronics maker's stock valued at $61,000 after buying an additional 525 shares during the last quarter. 58.56% of the stock is currently owned by institutional investors and hedge funds.

Dolby Laboratories Stock Performance

Shares of DLB stock traded down $0.56 during mid-day trading on Friday, hitting $83.72. 440,257 shares of the stock were exchanged, compared to its average volume of 503,875. Dolby Laboratories, Inc. has a 12-month low of $66.35 and a 12-month high of $89.66. The stock's fifty day simple moving average is $80.26 and its two-hundred day simple moving average is $76.07. The stock has a market capitalization of $7.99 billion, a price-to-earnings ratio of 30.78 and a beta of 0.98.

Dolby Laboratories Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Investors 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 dividend yield of 1.58%. The ex-dividend date is Tuesday, February 11th. Dolby Laboratories's dividend payout ratio is currently 48.53%.

Analysts Set New Price Targets

Several research firms recently commented on DLB. StockNews.com lowered Dolby Laboratories from a "strong-buy" rating to a "buy" rating in a report on Friday, January 31st. Barrington Research reaffirmed an "outperform" rating and set a $100.00 price objective on shares of Dolby Laboratories in a report on Thursday. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $100.00 price objective on shares of Dolby Laboratories in a report on Thursday, January 30th.

Insider Buying and Selling

In related news, CAO Ryan Nicholson sold 7,000 shares of the firm's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $84.07, for a total value of $588,490.00. Following the completion of the sale, the chief accounting officer now owns 29,758 shares in the company, valued at $2,501,755.06. This trade represents a 19.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Peter C. Gotcher sold 6,079 shares of the firm's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $78.96, for a total transaction of $479,997.84. Following the completion of the sale, the director now owns 37,593 shares of the company's stock, valued at approximately $2,968,343.28. The trade was a 13.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 182,917 shares of company stock valued at $14,861,429 over the last quarter. 38.39% of the stock is currently owned by insiders.

Dolby Laboratories Company 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.