Insider Selling: Dolby Laboratories (NYSE:DLB) CFO Sells 4,895 Shares of Stock
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Dolby Laboratories CFO Robert Park sold 4,895 shares at an average price of $56.68, totaling $277,448.60, reducing his ownership by 5.67% to 81,490 shares valued at approximately $4.62 million. The transaction was disclosed to the SEC. Dolby's stock opened at $54.75, with a market cap of $5.18 billion and a P/E ratio of 21.64. The company recently announced a quarterly dividend of $0.36 per share, with a yield of 2.6%. Analysts maintain a consensus rating of 'Moderate Buy' with a price target of $90.75.
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