1,490 Shares in Jabil Inc. (NYSE:JBL) Bought by PharVision Advisers LLC

PharVision Advisers LLC acquired a new stake in shares of Jabil Inc. (NYSE:JBL) in the 4th quarter, Holdings Channel.com reports. The fund acquired 1,490 shares of the technology company’s stock, valued at approximately $214,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in shares of Jabil by 70,781.4% during the fourth quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company’s stock valued at $835,876,000 after acquiring an additional 5,800,535 shares in the last quarter. FMR LLC increased its holdings in shares of Jabil by 8.1% during the fourth quarter. FMR LLC now owns 5,533,149 shares of the technology company’s stock valued at $796,220,000 after acquiring an additional 416,841 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Jabil by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 2,810,519 shares of the technology company’s stock valued at $404,024,000 after acquiring an additional 34,574 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Jabil by 18.2% during the fourth quarter. JPMorgan Chase & Co. now owns 1,877,599 shares of the technology company’s stock valued at $270,187,000 after acquiring an additional 288,806 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Jabil during the fourth quarter valued at $218,430,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Insider Buying and Selling at Jabil

In other news, Chairman Mark T. Mondello sold 20,000 shares of Jabil stock in a transaction dated 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 transaction, the chairman now directly 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 Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Dastoor sold 10,000 shares of Jabil stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $169.90, for a total value of $1,699,000.00. Following the transaction, the chief executive officer now directly owns 221,693 shares in the company, valued at approximately $37,665,640.70. The trade was a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.73% of the company’s stock.

Jabil Trading Down 0.1%

Jabil stock opened at $164.96 on Friday. The business has a 50-day simple moving average of $143.90 and a two-hundred day simple moving average of $146.30. The company has a market cap of $17.71 billion, a P/E ratio of 15.82, a P/E/G ratio of 1.65 and a beta of 1.11. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $174.80. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

Jabil (NYSE:JBL) last released its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.11. The business had revenue of $6.73 billion during 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 business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.68 EPS. Analysts predict that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.19%. Jabil’s dividend payout ratio is currently 7.66%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on Jabil from $175.00 to $154.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. UBS Group raised their price target on Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Wall Street Zen upgraded Jabil from a “hold” rating to a “buy” rating in a report on Monday. The Goldman Sachs Group reduced their price objective on Jabil from $175.00 to $146.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Finally, Barclays lifted their price objective on Jabil from $179.00 to $184.00 and gave the stock an “overweight” rating in a report on Friday, March 21st. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Jabil presently has an average rating of “Moderate Buy” and an average target price 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).