Dagmar Dolby Sells 93,113 Shares of Dolby Laboratories, Inc. (NYSE:DLB) Stock

Dolby Laboratories, Inc. (NYSE:DLB) major shareholder Dagmar Dolby sold 93,113 shares of Dolby Laboratories stock in a transaction on Friday, June 21st. The stock was sold at an average price of $65.11, for a total value of $6,062,587.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Wednesday, May 15th, Dagmar Dolby sold 50,000 shares of Dolby Laboratories stock. The stock was sold at an average price of $65.05, for a total value of $3,252,500.00.
  • On Wednesday, May 8th, Dagmar Dolby sold 46,781 shares of Dolby Laboratories stock. The stock was sold at an average price of $65.12, for a total value of $3,046,378.72.
  • On Friday, May 3rd, Dagmar Dolby sold 50,000 shares of Dolby Laboratories stock. The stock was sold at an average price of $65.73, for a total value of $3,286,500.00.
  • On Monday, May 6th, Dagmar Dolby sold 100,000 shares of Dolby Laboratories stock. The stock was sold at an average price of $65.49, for a total value of $6,549,000.00.
  • On Wednesday, May 1st, Dagmar Dolby sold 16,145 shares of Dolby Laboratories stock. The stock was sold at an average price of $65.08, for a total value of $1,050,716.60.
  • On Wednesday, April 24th, Dagmar Dolby sold 29,200 shares of Dolby Laboratories stock. The stock was sold at an average price of $65.01, for a total value of $1,898,292.00.
  • On Tuesday, April 16th, Dagmar Dolby sold 100,000 shares of Dolby Laboratories stock. The stock was sold at an average price of $65.72, for a total value of $6,572,000.00.
  • On Friday, April 12th, Dagmar Dolby sold 96,567 shares of Dolby Laboratories stock. The stock was sold at an average price of $65.22, for a total value of $6,298,099.74.

Shares of Dolby Laboratories stock opened at $64.62 on Wednesday. The firm has a market capitalization of $6.60 billion, a PE ratio of 26.93, a PEG ratio of 2.10 and a beta of 0.84. The stock has a fifty day simple moving average of $63.14. Dolby Laboratories, Inc. has a 12 month low of $58.17 and a 12 month high of $72.04.

Dolby Laboratories (NYSE:DLB) last issued its earnings results on Wednesday, May 1st. The electronics maker reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.18. The business had revenue of $338.26 million during the quarter, compared to analysts’ expectations of $337.45 million. Dolby Laboratories had a return on equity of 11.12% and a net margin of 24.93%. Dolby Laboratories’s revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.73 earnings per share. Equities analysts forecast that Dolby Laboratories, Inc. will post 2.38 EPS for the current year.

A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded Dolby Laboratories from a “hold” rating to a “strong-buy” rating and set a $74.00 target price on the stock in a report on Friday, May 3rd. ValuEngine cut Dolby Laboratories from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Finally, B. Riley set a $67.00 target price on Dolby Laboratories and gave the stock a “hold” rating in a report on Thursday, June 13th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Dolby Laboratories currently has an average rating of “Buy” and an average target price of $76.50.

Several institutional investors have recently modified their holdings of DLB. First Quadrant L P CA boosted its position in Dolby Laboratories by 1,476.3% during the first quarter. First Quadrant L P CA now owns 18,585 shares of the electronics maker’s stock valued at $1,170,000 after purchasing an additional 17,406 shares during the last quarter. First Trust Advisors LP acquired a new stake in Dolby Laboratories during the fourth quarter valued at $715,000. Campbell & CO Investment Adviser LLC acquired a new stake in Dolby Laboratories during the first quarter valued at $616,000. Vanguard Group Inc boosted its position in Dolby Laboratories by 4.0% during the third quarter. Vanguard Group Inc now owns 5,508,279 shares of the electronics maker’s stock valued at $385,415,000 after purchasing an additional 209,633 shares during the last quarter. Finally, Fort L.P. boosted its position in Dolby Laboratories by 4,520.3% during the fourth quarter. Fort L.P. now owns 5,452 shares of the electronics maker’s stock valued at $337,000 after purchasing an additional 5,334 shares during the last quarter. 55.98% of the stock is owned by institutional investors and hedge funds.

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.

Read More: Cost of equity and a company’s balance sheet

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

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