Dolby Laboratories, Inc. (NYSE:DLB) EVP Mark Andrew Sherman sold 81,554 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $62.52, for a total value of $5,098,756.08. The transaction was disclosed in a document filed 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 value 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 value of $286,895.30.

Dolby Laboratories, Inc. (NYSE:DLB) opened at $60.19 on Friday. The stock has a market capitalization of $6,135.23, a price-to-earnings ratio of 95.54, a PEG ratio of 5.05 and a beta of 0.78. Dolby Laboratories, Inc. has a one year low of $47.41 and a one year high of $74.29.

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

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

Several large investors have recently added to or reduced their stakes in DLB. Ameriprise Financial Inc. raised its stake in shares of Dolby Laboratories by 14.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 17,882 shares of the electronics maker’s stock worth $862,000 after buying an additional 2,232 shares during the last quarter. BlackRock Inc. raised its stake in Dolby Laboratories by 19.8% in the 2nd quarter. BlackRock Inc. now owns 2,913,371 shares of the electronics maker’s stock valued at $142,639,000 after purchasing an additional 481,649 shares during the last quarter. GSA Capital Partners LLP raised its stake in Dolby Laboratories by 12.8% in the 2nd quarter. GSA Capital Partners LLP now owns 8,950 shares of the electronics maker’s stock valued at $438,000 after purchasing an additional 1,016 shares during the last quarter. Northern Trust Corp raised its stake in Dolby Laboratories by 0.3% in the 2nd quarter. Northern Trust Corp now owns 273,724 shares of the electronics maker’s stock valued at $13,401,000 after purchasing an additional 836 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Dolby Laboratories by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 4,725,496 shares of the electronics maker’s stock valued at $231,360,000 after purchasing an additional 103,702 shares during the last quarter. 53.01% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have commented on the company. Zacks Investment Research downgraded Dolby Laboratories from a “hold” rating to a “sell” rating in a report on Thursday, January 18th. JPMorgan Chase & Co. lifted their price target on Dolby Laboratories from $63.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. Finally, B. Riley downgraded Dolby Laboratories from a “buy” rating to a “neutral” rating and set a $63.00 price target for the company. in a research note on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $62.00.

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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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