Dolby Laboratories, Inc. (DLB) Major Shareholder Dagmar Dolby Sells 21,465 Shares

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Dolby Laboratories, Inc. (NYSE:DLB) major shareholder Dagmar Dolby sold 21,465 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $65.00, for a total transaction of $1,395,225.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% 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 Monday, March 4th, Dagmar Dolby sold 2,406 shares of Dolby Laboratories stock. The stock was sold at an average price of $65.05, for a total transaction of $156,510.30.
  • On Friday, March 1st, Dagmar Dolby sold 95,963 shares of Dolby Laboratories stock. The stock was sold at an average price of $65.05, for a total transaction of $6,242,393.15.
  • On Wednesday, February 27th, Dagmar Dolby sold 98,543 shares of Dolby Laboratories stock. The stock was sold at an average price of $65.24, for a total transaction of $6,428,945.32.
  • On Monday, February 25th, Dagmar Dolby sold 50,000 shares of Dolby Laboratories stock. The stock was sold at an average price of $65.67, for a total transaction of $3,283,500.00.
  • On Thursday, February 21st, Dagmar Dolby sold 69,885 shares of Dolby Laboratories stock. The stock was sold at an average price of $65.32, for a total transaction of $4,564,888.20.
  • On Tuesday, February 19th, Dagmar Dolby sold 50,000 shares of Dolby Laboratories stock. The stock was sold at an average price of $65.41, for a total transaction of $3,270,500.00.
  • On Friday, February 15th, Dagmar Dolby sold 401 shares of Dolby Laboratories stock. The stock was sold at an average price of $65.00, for a total transaction of $26,065.00.
  • On Tuesday, February 5th, Dagmar Dolby sold 52,254 shares of Dolby Laboratories stock. The stock was sold at an average price of $65.39, for a total transaction of $3,416,889.06.

DLB opened at $64.45 on Friday. Dolby Laboratories, Inc. has a 1 year low of $58.17 and a 1 year high of $72.04. The company has a market capitalization of $6.62 billion, a P/E ratio of 26.85, a P/E/G ratio of 2.22 and a beta of 0.87.

Dolby Laboratories (NYSE:DLB) last posted its quarterly earnings results on Wednesday, January 30th. The electronics maker reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.40. Dolby Laboratories had a net margin of 25.47% and a return on equity of 11.30%. The firm had revenue of $302.40 million for the quarter, compared to analyst estimates of $295.04 million. During the same quarter last year, the firm posted ($0.80) earnings per share. Dolby Laboratories’s revenue for the quarter was up 1.0% compared to the same quarter last year. Analysts anticipate that Dolby Laboratories, Inc. will post 2.24 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 21st. Investors of record on Tuesday, February 12th were issued a $0.19 dividend. The ex-dividend date of this dividend was Monday, February 11th. This represents a $0.76 annualized dividend and a yield of 1.18%. Dolby Laboratories’s payout ratio is 31.67%.

A number of hedge funds and other institutional investors have recently bought and sold shares of DLB. Penserra Capital Management LLC purchased a new position in Dolby Laboratories in the fourth quarter valued at approximately $27,000. Essex Savings Bank purchased a new position in Dolby Laboratories in the fourth quarter valued at approximately $28,000. Cutler Group LP purchased a new position in Dolby Laboratories in the fourth quarter valued at approximately $30,000. Enlightenment Research LLC purchased a new position in Dolby Laboratories in the fourth quarter valued at approximately $31,000. Finally, NumerixS Investment Technologies Inc purchased a new position in Dolby Laboratories in the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 55.78% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Dolby Laboratories from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Thursday, January 24th. Barrington Research reissued a “buy” rating and issued a $85.00 target price on shares of Dolby Laboratories in a research report on Thursday, January 31st. Finally, B. Riley set a $67.00 target price on shares of Dolby Laboratories and gave the stock a “hold” rating in a research report on Tuesday, December 4th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $75.75.

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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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