Dolby Laboratories (NYSE:DLB) major shareholder Dagmar Dolby sold 100,000 shares of the stock in a transaction on Tuesday, August 8th. The shares were 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 Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Wednesday, August 9th, Dagmar Dolby sold 50,000 shares of Dolby Laboratories stock. The stock was sold at an average price of $51.20, for a total transaction of $2,560,000.00.
  • On Thursday, August 10th, Dagmar Dolby sold 100,000 shares of Dolby Laboratories stock. The stock was sold at an average price of $50.84, for a total transaction of $5,084,000.00.
  • On Monday, August 7th, Dagmar Dolby sold 50,000 shares of Dolby Laboratories stock. The stock was sold at an average price of $51.26, for a total transaction of $2,563,000.00.
  • On Friday, August 4th, Dagmar Dolby sold 100,000 shares of Dolby Laboratories stock. The stock was sold at an average price of $51.13, for a total transaction of $5,113,000.00.
  • 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.

Shares of Dolby Laboratories (DLB) opened at 50.00 on Friday. Dolby Laboratories has a 12-month low of $44.99 and a 12-month high of $55.02. The company has a market cap of $5.13 billion, a price-to-earnings ratio of 25.58 and a beta of 0.79. The stock has a 50 day moving average of $51.28 and a 200 day moving average of $50.73.

Dolby Laboratories (NYSE:DLB) last posted its quarterly earnings results on Tuesday, July 25th. The electronics maker reported $0.75 EPS for the quarter, beating the Zacks’ 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 during the quarter, compared to the consensus estimate of $296.88 million. During the same quarter in the previous year, the firm earned $0.62 earnings per share. Dolby Laboratories’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, equities analysts expect that Dolby Laboratories will post $1.99 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, August 7th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, August 3rd. Dolby Laboratories’s dividend payout ratio is presently 28.57%.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DLB. OxFORD Asset Management LLP boosted its position in Dolby Laboratories by 45.6% in the second quarter. OxFORD Asset Management LLP now owns 64,862 shares of the electronics maker’s stock worth $3,176,000 after buying an additional 20,323 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Dolby Laboratories by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 536,657 shares of the electronics maker’s stock worth $26,276,000 after buying an additional 2,648 shares in the last quarter. Virtu KCG Holdings LLC acquired a new position in Dolby Laboratories during the second quarter worth about $366,000. Renaissance Technologies LLC boosted its position in Dolby Laboratories by 14.1% in the second quarter. Renaissance Technologies LLC now owns 1,549,100 shares of the electronics maker’s stock worth $75,844,000 after buying an additional 191,600 shares in the last quarter. Finally, Advisor Group Inc. boosted its position in Dolby Laboratories by 39.9% in the second quarter. Advisor Group Inc. now owns 7,761 shares of the electronics maker’s stock worth $379,000 after buying an additional 2,213 shares in the last quarter. Hedge funds and other institutional investors own 50.46% of the company’s stock.

Several equities research analysts have recently weighed in on DLB shares. BidaskClub lowered shares of Dolby Laboratories from a “hold” rating to a “sell” rating in a report on Saturday, June 10th. Zacks Investment Research lowered shares of Dolby Laboratories from a “buy” rating to a “hold” rating in a report on Monday, May 1st. Finally, B. Riley reaffirmed a “buy” rating and issued 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 issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $54.38.

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.

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

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