Dolby Laboratories (NYSE:DLB) EVP Mark Andrew Sherman sold 4,594 shares of Dolby Laboratories stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $62.45, for a total transaction of $286,895.30. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Wednesday, October 18th, Mark Andrew Sherman sold 7,000 shares of Dolby Laboratories stock. The stock was sold at an average price of $60.00, for a total transaction of $420,000.00.

Shares of Dolby Laboratories (DLB) traded down $0.16 during trading on Tuesday, reaching $62.44. 207,178 shares of the company’s stock traded hands, compared to its average volume of 380,231. Dolby Laboratories has a 52 week low of $44.98 and a 52 week high of $63.34. The stock has a market cap of $6,377.66, a P/E ratio of 29.98, a P/E/G ratio of 2.32 and a beta of 0.86.

Dolby Laboratories (NYSE:DLB) last issued its quarterly earnings data on Wednesday, October 25th. The electronics maker reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.18. Dolby Laboratories had a net margin of 18.66% and a return on equity of 10.62%. The company had revenue of $242.05 million for the quarter, compared to the consensus estimate of $244.80 million. During the same period last year, the firm posted $0.37 EPS. Dolby Laboratories’s revenue for the quarter was up 3.9% on a year-over-year basis. analysts expect that Dolby Laboratories will post 2.24 EPS for the current year.

Institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Dolby Laboratories by 9.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,331 shares of the electronics maker’s stock worth $114,000 after purchasing an additional 209 shares during the last quarter. US Bancorp DE grew its position in Dolby Laboratories by 2.6% during the 2nd quarter. US Bancorp DE now owns 3,029 shares of the electronics maker’s stock worth $149,000 after purchasing an additional 78 shares during the last quarter. Berkshire Asset Management LLC PA purchased a new position in Dolby Laboratories during the 3rd quarter worth $200,000. CIBC Asset Management Inc purchased a new position in Dolby Laboratories during the 3rd quarter worth $204,000. Finally, The Manufacturers Life Insurance Company grew its position in Dolby Laboratories by 25.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,564 shares of the electronics maker’s stock worth $174,000 after purchasing an additional 725 shares during the last quarter. 52.53% of the stock is currently owned by institutional investors.

Several brokerages recently commented on DLB. Zacks Investment Research lowered shares of Dolby Laboratories from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 31st. B. Riley reiterated a “buy” rating and set a $65.50 price target on shares of Dolby Laboratories in a research note on Thursday, October 26th. Dougherty & Co reiterated a “buy” rating and set a $63.00 price target on shares of Dolby Laboratories in a research note on Wednesday, September 13th. Piper Jaffray Companies reiterated a “hold” rating and set a $52.00 price target (up from $49.00) on shares of Dolby Laboratories in a research note on Wednesday, September 13th. Finally, BidaskClub lowered shares of Dolby Laboratories from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $60.17.

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About Dolby Laboratories

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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