Dolby Laboratories (NYSE:DLB) CMO Bob Borchers sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $62.72, for a total value of $3,136,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Bob Borchers also recently made the following trade(s):

  • On Thursday, November 30th, Bob Borchers sold 148,361 shares of Dolby Laboratories stock. The stock was sold at an average price of $62.15, for a total value of $9,220,636.15.
  • On Monday, November 20th, Bob Borchers sold 33,179 shares of Dolby Laboratories stock. The stock was sold at an average price of $61.74, for a total value of $2,048,471.46.
  • On Wednesday, November 15th, Bob Borchers sold 50,000 shares of Dolby Laboratories stock. The stock was sold at an average price of $61.00, for a total value of $3,050,000.00.
  • On Friday, November 17th, Bob Borchers sold 116,821 shares of Dolby Laboratories stock. The stock was sold at an average price of $61.15, for a total value of $7,143,604.15.

Shares of Dolby Laboratories (NYSE DLB) traded down $0.16 during trading hours on Friday, hitting $62.02. The company had a trading volume of 236,005 shares, compared to its average volume of 310,340. The stock has a market cap of $6,360.27, a P/E ratio of 29.89, a P/E/G ratio of 2.31 and a beta of 0.85. Dolby Laboratories has a 1-year low of $44.98 and a 1-year high of $63.34.

Dolby Laboratories (NYSE:DLB) last announced its earnings results on Wednesday, October 25th. The electronics maker reported $0.45 EPS for the quarter, beating the consensus estimate of $0.27 by $0.18. The business had revenue of $242.05 million for the quarter, compared to the consensus estimate of $244.80 million. Dolby Laboratories had a return on equity of 10.62% and a net margin of 18.66%. The company’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the business posted $0.37 EPS. research analysts forecast that Dolby Laboratories will post 2.24 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Monday, November 6th were issued a dividend of $0.16 per share. This is an increase from Dolby Laboratories’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Friday, November 3rd. Dolby Laboratories’s dividend payout ratio (DPR) is presently 32.99%.

A number of research firms have recently commented on DLB. B. Riley restated a “buy” rating and issued a $61.50 price objective on shares of Dolby Laboratories in a report on Thursday, September 14th. BidaskClub downgraded Dolby Laboratories from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Piper Jaffray Companies restated a “hold” rating and issued a $52.00 price objective (up from $49.00) on shares of Dolby Laboratories in a report on Wednesday, September 13th. Dougherty & Co restated a “buy” rating and issued a $63.00 price objective on shares of Dolby Laboratories in a report on Wednesday, September 13th. Finally, Zacks Investment Research downgraded Dolby Laboratories from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $60.17.

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Dolby Laboratories by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 4,725,496 shares of the electronics maker’s stock valued at $231,360,000 after buying an additional 103,702 shares during the period. BlackRock Inc. raised its holdings in shares of Dolby Laboratories by 19.8% during the 2nd quarter. BlackRock Inc. now owns 2,913,371 shares of the electronics maker’s stock valued at $142,639,000 after buying an additional 481,649 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Dolby Laboratories by 352.2% during the 3rd quarter. Janus Henderson Group PLC now owns 2,657,618 shares of the electronics maker’s stock valued at $152,875,000 after buying an additional 2,069,849 shares during the period. American Century Companies Inc. raised its holdings in shares of Dolby Laboratories by 0.9% during the 3rd quarter. American Century Companies Inc. now owns 1,844,837 shares of the electronics maker’s stock valued at $106,115,000 after buying an additional 16,420 shares during the period. Finally, TimesSquare Capital Management LLC raised its holdings in shares of Dolby Laboratories by 6.9% during the 3rd quarter. TimesSquare Capital Management LLC now owns 1,795,000 shares of the electronics maker’s stock valued at $103,248,000 after buying an additional 116,500 shares during the period. Institutional investors and hedge funds own 52.67% of the company’s stock.

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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.

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

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