Insider Selling: Dolby Laboratories, Inc. (DLB) CEO Sells 50,000 Shares of Stock

Dolby Laboratories, Inc. (NYSE:DLB) CEO Kevin J. Yeaman sold 50,000 shares of the company’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $63.35, for a total transaction of $3,167,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Kevin J. Yeaman also recently made the following trade(s):

  • On Friday, February 8th, Kevin J. Yeaman sold 100,000 shares of Dolby Laboratories stock. The stock was sold at an average price of $63.70, for a total transaction of $6,370,000.00.
  • On Tuesday, December 18th, Kevin J. Yeaman sold 17,601 shares of Dolby Laboratories stock. The stock was sold at an average price of $64.58, for a total transaction of $1,136,672.58.

NYSE:DLB opened at $62.83 on Tuesday. The stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 2.18 and a beta of 0.86. Dolby Laboratories, Inc. has a 1-year low of $58.17 and a 1-year high of $72.04.

Dolby Laboratories (NYSE:DLB) last posted its quarterly earnings data on Wednesday, January 30th. The electronics maker reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.40. The company had revenue of $302.40 million during the quarter, compared to analysts’ expectations of $295.04 million. Dolby Laboratories had a net margin of 25.47% and a return on equity of 11.30%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.80) EPS. As a group, equities research analysts predict that Dolby Laboratories, Inc. will post 2.24 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 21st. Shareholders of record on Tuesday, February 12th will be given a $0.19 dividend. The ex-dividend date is Monday, February 11th. This represents a $0.76 dividend on an annualized basis and a yield of 1.21%. Dolby Laboratories’s payout ratio is currently 31.67%.

A number of brokerages recently weighed in on DLB. B. Riley set a $67.00 price target on shares of Dolby Laboratories and gave the stock a “hold” rating in a research report on Tuesday, December 4th. R. F. Lafferty decreased their price objective on shares of Dolby Laboratories from $81.00 to $80.00 and set a “buy” rating for the company in a research report on Monday, October 22nd. Zacks Investment Research reissued a “sell” rating on shares of Dolby Laboratories in a research report on Tuesday, November 13th. Finally, Barrington Research reissued a “buy” rating and issued a $85.00 price objective on shares of Dolby Laboratories in a research report on Thursday, January 31st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $75.75.

A number of large investors have recently bought and sold shares of DLB. Bank of New York Mellon Corp raised its stake in shares of Dolby Laboratories by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 381,272 shares of the electronics maker’s stock valued at $23,521,000 after purchasing an additional 1,841 shares in the last quarter. FMR LLC raised its stake in shares of Dolby Laboratories by 19.7% in the 2nd quarter. FMR LLC now owns 2,480,454 shares of the electronics maker’s stock valued at $153,019,000 after purchasing an additional 408,054 shares in the last quarter. Northern Trust Corp raised its stake in shares of Dolby Laboratories by 5.5% in the 2nd quarter. Northern Trust Corp now owns 308,205 shares of the electronics maker’s stock valued at $19,014,000 after purchasing an additional 16,076 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Dolby Laboratories by 0.6% in the 3rd quarter. Bank of Montreal Can now owns 285,126 shares of the electronics maker’s stock valued at $19,950,000 after purchasing an additional 1,720 shares in the last quarter. Finally, Patten & Patten Inc. TN acquired a new stake in shares of Dolby Laboratories in the 3rd quarter valued at about $1,266,000. 56.19% of the stock is owned by institutional investors.

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Dolby Laboratories Company Profile

Dolby Laboratories, Inc creates audio and imaging technologies that transform entertainment and communications at the cinema, at home, at work, and on mobile devices. The company develops and licenses its audio technologies, such as AAC & HE-AAC, a digital audio codec solution used for TVs, set-top boxes (STBs), personal computers (PCs), gaming consoles, mobile devices, and digital radio; AVC, a digital video codec with high bandwidth efficiency used in media devices; Dolby AC-4, an audio coding technology that delivers new audio experiences to a range of playback devices; and Dolby Atmos technology for home theaters, cinemas, device speakers, mobile devices, and headphones.

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

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