Press coverage about Dolby Laboratories (NYSE:DLB) has trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Dolby Laboratories earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave press coverage about the electronics maker an impact score of 46.100726284665 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Eaton Vance Management Decreases Holdings in Dolby Laboratories, Inc. (DLB) (americanbankingnews.com)
- Dolby Laboratories, Inc. (DLB) Shares Sold by OppenheimerFunds Inc. (americanbankingnews.com)
- Dolby Laboratories, Inc. (DLB) Expected to Post Quarterly Sales of $299.35 Million (americanbankingnews.com)
- Dolby Brings Dolby Atmos Immersive Sound on Samsung Mobile Devices (finance.yahoo.com)
- Analysts Anticipate Dolby Laboratories, Inc. (DLB) to Post $0.64 Earnings Per Share (americanbankingnews.com)
Shares of Dolby Laboratories (NYSE:DLB) traded up $3.01 during trading hours on Monday, hitting $65.27. The stock had a trading volume of 463,029 shares, compared to its average volume of 480,374. Dolby Laboratories has a 12 month low of $48.00 and a 12 month high of $74.29. The company has a market capitalization of $6,760.00, a PE ratio of 30.50, a PEG ratio of 5.24 and a beta of 0.78.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Monday, February 5th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, February 2nd. Dolby Laboratories’s dividend payout ratio (DPR) is currently 29.91%.
A number of equities research analysts have recently issued reports on DLB shares. Zacks Investment Research cut Dolby Laboratories from a “hold” rating to a “sell” rating in a report on Thursday, January 18th. B. Riley cut Dolby Laboratories from a “buy” rating to a “neutral” rating and set a $63.00 price objective for the company. in a report on Tuesday, January 16th. Finally, JPMorgan Chase & Co. boosted their price objective on Dolby Laboratories from $63.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $62.00.
In related news, insider Kevin J. Yeaman sold 17,590 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $62.45, for a total value of $1,098,495.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Bob Borchers sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $62.72, for a total value of $3,136,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 649,085 shares of company stock valued at $40,507,528. 43.74% of the stock is currently owned by corporate insiders.
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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.
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