Dolby Laboratories (NYSE:DLB) major shareholder Dagmar Dolby sold 100,000 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $51.13, for a total transaction of $5,113,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Dagmar Dolby also recently made the following trade(s):

  • On Wednesday, August 2nd, Dagmar Dolby sold 100,000 shares of Dolby Laboratories stock. The stock was sold at an average price of $52.03, for a total transaction of $5,203,000.00.
  • On Monday, July 31st, Dagmar Dolby sold 100,000 shares of Dolby Laboratories stock. The stock was sold at an average price of $52.22, for a total transaction of $5,222,000.00.

Dolby Laboratories (NYSE DLB) traded up 0.04% during trading on Monday, hitting $51.17. 354,485 shares of the company’s stock traded hands. The company’s 50 day moving average price is $51.06 and its 200 day moving average price is $50.66. Dolby Laboratories has a 52-week low of $44.99 and a 52-week high of $55.02. The company has a market cap of $5.25 billion, a PE ratio of 26.17 and a beta of 0.79.

Dolby Laboratories (NYSE:DLB) last issued its quarterly earnings data on Tuesday, July 25th. The electronics maker reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.10. Dolby Laboratories had a return on equity of 10.25% and a net margin of 19.02%. The business had revenue of $305.67 million for the quarter, compared to analysts’ expectations of $296.88 million. During the same period last year, the business earned $0.62 EPS. The business’s revenue was up 10.1% on a year-over-year basis. Analysts expect that Dolby Laboratories will post $1.99 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, August 7th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.09%. The ex-dividend date is Thursday, August 3rd. Dolby Laboratories’s dividend payout ratio (DPR) is presently 28.57%.

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Several large investors have recently made changes to their positions in DLB. Clearbridge Investments LLC raised its stake in shares of Dolby Laboratories by 8.8% in the first quarter. Clearbridge Investments LLC now owns 6,181,361 shares of the electronics maker’s stock valued at $323,965,000 after buying an additional 497,767 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Dolby Laboratories by 8.4% in the first quarter. Vanguard Group Inc. now owns 4,621,794 shares of the electronics maker’s stock valued at $242,228,000 after buying an additional 359,509 shares in the last quarter. BlackRock Inc. raised its stake in shares of Dolby Laboratories by 13,583.7% in the first quarter. BlackRock Inc. now owns 2,431,722 shares of the electronics maker’s stock valued at $127,449,000 after buying an additional 2,413,951 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Dolby Laboratories by 6.9% in the second quarter. American Century Companies Inc. now owns 1,828,417 shares of the electronics maker’s stock valued at $89,519,000 after buying an additional 117,955 shares in the last quarter. Finally, TimesSquare Capital Management LLC raised its stake in shares of Dolby Laboratories by 6.0% in the first quarter. TimesSquare Capital Management LLC now owns 1,678,700 shares of the electronics maker’s stock valued at $87,981,000 after buying an additional 95,700 shares in the last quarter. 50.46% of the stock is owned by hedge funds and other institutional investors.

DLB has been the topic of a number of recent analyst reports. BidaskClub downgraded shares of Dolby Laboratories from a “hold” rating to a “sell” rating in a report on Saturday, June 10th. Zacks Investment Research downgraded shares of Dolby Laboratories from a “buy” rating to a “hold” rating in a report on Monday, May 1st. Finally, B. Riley restated a “buy” rating and set a $61.50 target price on shares of Dolby Laboratories in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Dolby Laboratories has an average rating of “Hold” and a consensus target price of $54.38.

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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