Dolby Laboratories (NYSE:DLB) EVP Mark Andrew Sherman sold 10,000 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $65.00, for a total transaction of $650,000.00. The transaction 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 transaction of $286,895.30.
- On Wednesday, October 18th, Mark Andrew Sherman sold 7,000 shares of Dolby Laboratories stock. The shares were sold at an average price of $60.00, for a total transaction of $420,000.00.
Shares of Dolby Laboratories (DLB) opened at $64.06 on Thursday. The company has a market capitalization of $6,455.40, a PE ratio of 33.02, a PEG ratio of 2.34 and a beta of 0.85. Dolby Laboratories has a 52 week low of $47.19 and a 52 week high of $65.56.
Dolby Laboratories (NYSE:DLB) last announced its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.18. The company had revenue of $242.05 million during the quarter, compared to analysts’ expectations of $244.80 million. Dolby Laboratories had a return on equity of 10.62% and a net margin of 18.66%. Dolby Laboratories’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 EPS. equities analysts predict that Dolby Laboratories will post 2.24 EPS for the current year.
A number of research firms have issued reports on DLB. Zacks Investment Research downgraded shares of Dolby Laboratories from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 31st. B. Riley downgraded shares of Dolby Laboratories from a “buy” rating to a “neutral” rating and set a $63.00 target price on the stock. in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $59.33.
Hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Dolby Laboratories by 9.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,331 shares of the electronics maker’s stock valued at $114,000 after acquiring an additional 209 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake 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 valued at $174,000 after acquiring 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 valued at about $200,000. CIBC Asset Management Inc bought a new stake in shares of Dolby Laboratories in the 3rd quarter valued at about $204,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Dolby Laboratories in the 3rd quarter valued at about $231,000. 52.53% of the stock is 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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