Dolby Laboratories (NYSE:DLB) is expected to pay $0.14 on Nov 16, 2016. The indicated annual dividend is $0.56. Shareholders owning the stock before Nov 3, 2016 will be eligible to receive the payout. Based on Dolby Laboratories’s current price of $47.04, the dividend is 0.30%. This dividend’s record date is Nov 7, 2016 and the announcement date is Oct 27, 2016. The stock decreased 1.16% or $0.55 on November 1, hitting $47.04. Dolby Laboratories, Inc. (NYSE:DLB) has risen 8.24% since March 31, 2016 and is uptrending. It has outperformed by 5.71% the S&P500.
Dolby Laboratories, Inc. creates audio, imaging and communication technologies that transform entertainment and communications at the cinema, home, work and on mobile devices. The company has a market cap of $4.75 billion. The Firm offers digital signal processing and compression technologies. It has a 25.89 P/E ratio. The Company’s technologies enable the development of the audio technologies for the cinema, home entertainment, mobile and gaming experiences.
Insitutional Activity: The institutional sentiment increased to 1.43 in Q2 2016. Its up 0.38, from 1.05 in 2016Q1. The ratio is positive, as 12 funds sold all Dolby Laboratories, Inc. shares owned while 70 reduced positions. 48 funds bought stakes while 69 increased positions. They now own 49.19 million shares or 1.59% less from 49.98 million shares in 2016Q1.
Moreover, Castleark Ltd has 0.3% invested in Dolby Laboratories, Inc. (NYSE:DLB) for 193,745 shares. Bnp Paribas Arbitrage holds 0% of its portfolio in Dolby Laboratories, Inc. (NYSE:DLB) for 2,901 shares. Guggenheim Ltd Liability has 7,273 shares for 0% of their US portfolio. First Mercantile Trust has 16,365 shares for 0.1% of their US portfolio. Moreover, Blackrock has 0% invested in Dolby Laboratories, Inc. (NYSE:DLB) for 30,416 shares. Thompson Davis & accumulated 0.01% or 190 shares. Columbus Circle Investors last reported 771,271 shares in the company. Susquehanna Int Group Llp last reported 40,979 shares in the company. State Of Wisconsin Investment Board has invested 0.01% of its portfolio in Dolby Laboratories, Inc. (NYSE:DLB). Amalgamated Fincl Bank holds 0.02% or 6,131 shares in its portfolio. Moreover, Creative Planning has 0% invested in Dolby Laboratories, Inc. (NYSE:DLB) for 1,052 shares. Alexandria holds 0% or 8 shares in its portfolio. Polar Asset Prns accumulated 0.29% or 147,500 shares. Gp owns 29,198 shares or 0% of their US portfolio. Putnam Invests Llc has 0% invested in the company for 29,282 shares.
Insider Transactions: Since May 4, 2016, the stock had 0 insider buys, and 32 insider sales for $90.84 million net activity. 100,000 shares were sold by Dolby Dagmar, worth $4.51M on Friday, May 6. 6,152 shares were sold by SHERMAN MARK ANDREW, worth $304,629. On Tuesday, August 9 the insider BERGERON MICHAEL sold $3.40 million. 3,000 shares with value of $134,822 were sold by DONATIELLO NICHOLAS JR on Friday, May 20. Another trade for 3,287 shares valued at $162,773 was made by YEAMAN KEVIN J on Wednesday, August 10. Forshay Steven E sold $1.95 million worth of stock or 38,979 shares. $909,818 worth of Dolby Laboratories, Inc. (NYSE:DLB) was sold by CHEW LEWIS on Friday, May 13.
Dolby Laboratories, Inc. (NYSE:DLB) Ratings Coverage
Out of 3 analysts covering Dolby Laboratories (NYSE:DLB), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Dolby Laboratories has been the topic of 4 analyst reports since October 22, 2015 according to StockzIntelligence Inc. On Thursday, October 22 the stock rating was maintained by B. Riley & Co with “Neutral”. The rating was downgraded by JP Morgan to “Neutral” on Friday, April 8. Dougherty & Company maintained Dolby Laboratories, Inc. (NYSE:DLB) rating on Thursday, April 28. Dougherty & Company has “Buy” rating and $54 price target. The stock of Dolby Laboratories, Inc. (NYSE:DLB) has “Buy” rating given on Thursday, January 28 by Dougherty & Company.
More notable recent Dolby Laboratories, Inc. (NYSE:DLB) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Intel, Apple, and Dolby Laboratories” on November 01, 2016, also Fool.com with their article: “Why Dolby Laboratories, Inc. Stock Rose 14%” published on April 28, 2016, Fool.com published: “Dolby Laboratories, Inc. Serves Up a Mix” on October 24, 2015. More interesting news about Dolby Laboratories, Inc. (NYSE:DLB) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Oaktree Capital Group, Apple and Dolby Laboratories” published on August 02, 2016 as well as Businesswire.com‘s news article titled: “Dolby Laboratories and LG Electronics Announce LG Premium TV Lineup Enabled …” with publication date: January 05, 2016.
DLB Company Profile
Dolby Laboratories, Inc., incorporated on September 1, 2004, creates audio, imaging and communication technologies that transform entertainment and communications at the cinema, home, work and on mobile devices. The Firm offers a range of digital signal processing and compression technologies. The Company’s technologies enable the development of the audio technologies for the cinema, home entertainment, mobile and gaming experiences. It also provides services and products that enable content creators and distributors to produce, encode, transmit and playback content. It is also engaged in developing applications for voice conferencing, as well as imaging solutions that enable high dynamic range imaging (HDR) picture quality in televisions and cinemas.