Dolby Laboratories (NYSE:DLB) EVP Mark Andrew Sherman sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $65.00, for a total value of $650,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Mark Andrew Sherman also recently made the following trade(s):
- On Tuesday, December 19th, Mark Andrew Sherman sold 4,594 shares of Dolby Laboratories stock. The shares were sold at an average price of $62.45, for a total value of $286,895.30.
- On Wednesday, October 18th, Mark Andrew Sherman sold 7,000 shares of Dolby Laboratories stock. The stock was sold at an average price of $60.00, for a total value of $420,000.00.
Dolby Laboratories (NYSE:DLB) opened at $63.96 on Friday. Dolby Laboratories has a 1-year low of $47.19 and a 1-year high of $65.56. The company has a market capitalization of $6,552.57, a P/E ratio of 32.97, a price-to-earnings-growth ratio of 2.40 and a beta of 0.85.
Dolby Laboratories (NYSE:DLB) last released its earnings results on Wednesday, October 25th. The electronics maker reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.18. Dolby Laboratories had a return on equity of 10.62% and a net margin of 18.66%. The company had revenue of $242.05 million for the quarter, compared to the consensus estimate of $244.80 million. During the same quarter last year, the business posted $0.37 EPS. Dolby Laboratories’s quarterly revenue was up 3.9% compared to the same quarter last year. sell-side analysts predict that Dolby Laboratories will post 2.22 earnings per share for the current year.
A number of research analysts have commented on the company. Zacks Investment Research downgraded Dolby Laboratories from a “hold” rating to a “sell” rating in a report on Thursday. B. Riley downgraded Dolby Laboratories from a “buy” rating to a “neutral” rating and set a $63.00 target price on the stock. in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. Dolby Laboratories presently has a consensus rating of “Hold” and an average price target of $59.33.
A number of large investors have recently added to or reduced their stakes in DLB. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Dolby Laboratories by 9.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,331 shares of the electronics maker’s stock worth $114,000 after buying an additional 209 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Dolby Laboratories by 25.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,564 shares of the electronics maker’s stock worth $174,000 after purchasing an additional 725 shares during the last quarter. Berkshire Asset Management LLC PA bought a new stake in shares of Dolby Laboratories in the 3rd quarter worth approximately $200,000. CIBC Asset Management Inc bought a new stake in shares of Dolby Laboratories in the 3rd quarter worth approximately $204,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Dolby Laboratories in the 3rd quarter worth approximately $231,000. 52.53% of the stock is currently owned by institutional investors.
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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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