Jabil Inc. (NYSE:JBL) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV reduced its position in shares of Jabil Inc. (NYSE:JBL) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,359 shares of the technology company’s stock after selling 408 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Jabil were worth $1,059,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP increased its holdings in Jabil by 70,781.4% during the 4th quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company’s stock worth $835,876,000 after purchasing an additional 5,800,535 shares during the period. Norges Bank acquired a new stake in Jabil during the fourth quarter worth approximately $218,430,000. FMR LLC lifted its position in shares of Jabil by 8.1% during the 4th quarter. FMR LLC now owns 5,533,149 shares of the technology company’s stock worth $796,220,000 after buying an additional 416,841 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Jabil in the 4th quarter valued at $43,312,000. Finally, JPMorgan Chase & Co. raised its stake in Jabil by 18.2% during the 4th quarter. JPMorgan Chase & Co. now owns 1,877,599 shares of the technology company’s stock worth $270,187,000 after acquiring an additional 288,806 shares in the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Jabil Price Performance

Shares of NYSE:JBL opened at $153.97 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The company has a 50-day moving average price of $138.51 and a 200 day moving average price of $143.74. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $174.80. The company has a market cap of $16.53 billion, a P/E ratio of 14.76, a PEG ratio of 1.65 and a beta of 1.11.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.11. The firm had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.68 earnings per share. Research analysts predict that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.21%. The ex-dividend date of this dividend is Thursday, May 15th. Jabil’s dividend payout ratio (DPR) is 7.66%.

Insider Activity at Jabil

In other news, Chairman Mark T. Mondello sold 20,000 shares of Jabil stock in a transaction on Friday, April 11th. The stock was sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the completion of the transaction, the chairman now owns 1,730,192 shares of the company’s stock, valued at $227,624,059.52. The trade was a 1.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.73% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on JBL shares. The Goldman Sachs Group reduced their target price on Jabil from $175.00 to $146.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Barclays raised their target price on shares of Jabil from $179.00 to $184.00 and gave the stock an “overweight” rating in a research report on Friday, March 21st. JPMorgan Chase & Co. reduced their price target on shares of Jabil from $175.00 to $154.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research report on Friday, April 18th. Finally, UBS Group increased their target price on shares of Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $158.50.

Jabil Profile

Jabil Inc provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; electronic circuit design services, such as application-specific integrated circuit design, firmware development, and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).