Dolby Laboratories, Inc. (NYSE:DLB) EVP Mark Andrew Sherman sold 81,554 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $62.52, for a total transaction of $5,098,756.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Mark Andrew Sherman also recently made the following trade(s):

  • On Friday, January 12th, Mark Andrew Sherman sold 10,000 shares of Dolby Laboratories stock. The shares were sold at an average price of $65.00, for a total transaction of $650,000.00.
  • On Tuesday, December 19th, Mark Andrew Sherman sold 4,594 shares of Dolby Laboratories stock. The shares were sold at an average price of $62.45, for a total transaction of $286,895.30.

Dolby Laboratories, Inc. (NYSE DLB) opened at $60.19 on Monday. Dolby Laboratories, Inc. has a fifty-two week low of $47.41 and a fifty-two week high of $74.29. The company has a market cap of $6,156.71, a P/E ratio of 95.54, a PEG ratio of 5.07 and a beta of 0.78.

Dolby Laboratories (NYSE:DLB) last announced its earnings results on Wednesday, January 24th. The electronics maker reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.35. Dolby Laboratories had a net margin of 6.06% and a return on equity of 12.02%. The company had revenue of $287.80 million for the quarter, compared to analysts’ expectations of $265.75 million. During the same period last year, the firm earned $0.66 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. equities analysts predict that Dolby Laboratories, Inc. will post 0.99 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $0.64 annualized dividend and a dividend yield of 1.06%. Dolby Laboratories’s dividend payout ratio is presently 101.59%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Dolby Laboratories by 2.2% during the second quarter. Vanguard Group Inc. now owns 4,725,496 shares of the electronics maker’s stock worth $231,360,000 after purchasing an additional 103,702 shares during the period. BlackRock Inc. increased its holdings in shares of Dolby Laboratories by 0.8% during the fourth quarter. BlackRock Inc. now owns 3,092,122 shares of the electronics maker’s stock worth $191,712,000 after purchasing an additional 25,262 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Dolby Laboratories by 352.2% during the third quarter. Janus Henderson Group PLC now owns 2,657,618 shares of the electronics maker’s stock worth $152,875,000 after purchasing an additional 2,069,849 shares during the period. American Century Companies Inc. increased its holdings in shares of Dolby Laboratories by 0.9% during the third quarter. American Century Companies Inc. now owns 1,844,837 shares of the electronics maker’s stock worth $106,115,000 after purchasing an additional 16,420 shares during the period. Finally, TimesSquare Capital Management LLC increased its holdings in shares of Dolby Laboratories by 6.9% during the third quarter. TimesSquare Capital Management LLC now owns 1,795,000 shares of the electronics maker’s stock worth $103,248,000 after purchasing an additional 116,500 shares during the period. 53.01% of the stock is currently owned by institutional investors.

Several research firms have weighed in on DLB. B. Riley cut shares of Dolby Laboratories to a “hold” rating and set a $63.00 price target on the stock. in a report on Thursday, January 25th. Zacks Investment Research cut shares of Dolby Laboratories from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, JPMorgan Chase & Co. increased their price target on shares of Dolby Laboratories from $63.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Dolby Laboratories presently has a consensus rating of “Hold” and an average target price of $62.00.

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Dolby Laboratories Company Profile

Dolby Laboratories, Inc designs and manufactures audio and imaging products for the cinema, television, broadcast and entertainment industries. Its products for cinema include Digital Cinema Servers and Cinema Audio Products, and broadcast and other include Dolby Conference Phone and Other Products. It offers services to support theatrical and television production for cinema exhibition, broadcast and home entertainment, including equipment training and maintenance, mixing room alignment and equalization, as well as audio, color and light image calibration.

Insider Buying and Selling by Quarter for Dolby Laboratories (NYSE:DLB)

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