Key Points
- CEO Kevin Yeaman sold 34,367 shares on Dec. 9 at an average price of $67.08 for about $2.31M, reducing his stake by 25.89% to 98,377 shares (≈$6.6M).
- Dolby beat quarterly estimates with $0.99 EPS on $307.02M revenue, issued FY2026 guidance of 4.190–4.340 EPS and raised its quarterly dividend to $0.36 (annualized $1.44, ~2.1% yield).
- The stock trades near $67 with a $6.46B market cap and a P/E of 25.7, and analysts are split (three Buy, three Hold) with a consensus price target of $92.
Dolby Laboratories (NYSE:DLB - Get Free Report) CEO Kevin Yeaman sold 34,367 shares of the company's stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $67.08, for a total value of $2,305,338.36. Following the transaction, the chief executive officer directly owned 98,377 shares of the company's stock, valued at approximately $6,599,129.16. The trade was a 25.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Dolby Laboratories Stock Performance
Dolby Laboratories stock opened at $67.68 on Friday. The stock has a market capitalization of $6.46 billion, a P/E ratio of 25.73 and a beta of 0.89. The company's fifty day moving average price is $67.23 and its 200 day moving average price is $71.49. Dolby Laboratories has a 1 year low of $64.02 and a 1 year high of $89.66.
Dolby Laboratories (NYSE:DLB - Get Free Report) last posted its quarterly earnings data on Tuesday, November 18th. The electronics maker reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.29. The business had revenue of $307.02 million for the quarter, compared to the consensus estimate of $305.76 million. Dolby Laboratories had a net margin of 18.90% and a return on equity of 11.99%. The company's revenue was up .7% compared to the same quarter last year. During the same period last year, the firm posted $0.61 earnings per share. Dolby Laboratories has set its FY 2026 guidance at 4.190-4.340 EPS and its Q1 2026 guidance at 0.790-0.940 EPS. Sell-side analysts predict that Dolby Laboratories will post 2.94 EPS for the current year.
Dolby Laboratories Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, December 2nd were paid a dividend of $0.36 per share. This is an increase from Dolby Laboratories's previous quarterly dividend of $0.33. The ex-dividend date was Tuesday, December 2nd. This represents a $1.44 annualized dividend and a yield of 2.1%. Dolby Laboratories's dividend payout ratio (DPR) is presently 54.75%.
Analyst Upgrades and Downgrades
DLB has been the topic of several research reports. Barrington Research decreased their target price on Dolby Laboratories from $100.00 to $95.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 19th. Robert W. Baird assumed coverage on Dolby Laboratories in a research report on Friday, September 5th. They set a "neutral" rating and a $74.00 price target for the company. Baird R W upgraded Dolby Laboratories to a "hold" rating in a report on Friday, September 5th. Rosenblatt Securities reduced their target price on shares of Dolby Laboratories from $95.00 to $85.00 and set a "buy" rating for the company in a research report on Wednesday, November 19th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Dolby Laboratories in a research report on Monday. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $92.00.
Read Our Latest Research Report on DLB
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Cetera Investment Advisers raised its stake in Dolby Laboratories by 6.1% during the first quarter. Cetera Investment Advisers now owns 4,883 shares of the electronics maker's stock worth $392,000 after purchasing an additional 282 shares during the period. US Bancorp DE increased its holdings in shares of Dolby Laboratories by 18.6% during the 1st quarter. US Bancorp DE now owns 1,444 shares of the electronics maker's stock worth $116,000 after buying an additional 226 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Dolby Laboratories by 6.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,612 shares of the electronics maker's stock worth $611,000 after buying an additional 445 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Dolby Laboratories by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 7,535,722 shares of the electronics maker's stock valued at $605,194,000 after buying an additional 502,110 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Dolby Laboratories by 2.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 757,994 shares of the electronics maker's stock valued at $60,874,000 after acquiring an additional 15,355 shares during the last quarter. Institutional investors and hedge funds own 58.56% of the company's stock.
Dolby Laboratories Company Profile
(
Get Free Report)
Dolby Laboratories, Inc creates audio and imaging technologies that transform entertainment at the cinema, DTV transmissions and devices, mobile devices, OTT video and music services, home entertainment devices, and automobiles. The company develops and licenses its audio technologies, such as AAC & HE-AAC, a digital audio codec solution used for a range of media applications; AVC, a digital video codec with high bandwidth efficiency used in various media devices; Dolby AC-4, a digital audio coding technology that delivers new audio experiences to a range of playback devices; and Dolby Atmos technology for cinema and various media devices.
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