CWA Asset Management Group LLC Sells 3,641 Shares of Jabil, Inc. $JBL

CWA Asset Management Group LLC trimmed its position in Jabil, Inc. (NYSE:JBL) by 6.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,136 shares of the technology company’s stock after selling 3,641 shares during the period. CWA Asset Management Group LLC’s holdings in Jabil were worth $10,717,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Jabil by 84.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 13,568 shares of the technology company’s stock valued at $1,846,000 after purchasing an additional 6,225 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Jabil by 8.1% in the first quarter. Envestnet Asset Management Inc. now owns 242,977 shares of the technology company’s stock valued at $33,062,000 after purchasing an additional 18,126 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in shares of Jabil by 7.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 3,326 shares of the technology company’s stock valued at $453,000 after purchasing an additional 217 shares in the last quarter. OneDigital Investment Advisors LLC bought a new stake in shares of Jabil in the first quarter valued at about $214,000. Finally, QRG Capital Management Inc. lifted its holdings in shares of Jabil by 2.3% in the first quarter. QRG Capital Management Inc. now owns 5,978 shares of the technology company’s stock valued at $813,000 after purchasing an additional 132 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors.

Insider Activity

In other Jabil news, EVP Frederic E. Mccoy sold 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $223.55, for a total transaction of $1,005,975.00. Following the transaction, the executive vice president owned 124,203 shares of the company’s stock, valued at $27,765,580.65. The trade was a 3.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andrew Priestley sold 3,782 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $225.00, for a total value of $850,950.00. Following the transaction, the executive vice president directly owned 48,535 shares in the company, valued at approximately $10,920,375. This trade represents a 7.23% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,416 shares of company stock valued at $18,625,639. 1.73% of the stock is owned by insiders.

Jabil Price Performance

Shares of NYSE JBL opened at $216.19 on Friday. The business’s 50 day moving average price is $216.57 and its two-hundred day moving average price is $184.48. The company has a market cap of $23.20 billion, a PE ratio of 36.27, a price-to-earnings-growth ratio of 1.27 and a beta of 1.25. The company has a quick ratio of 0.64, a current ratio of 1.00 and a debt-to-equity ratio of 1.57. Jabil, Inc. has a twelve month low of $108.66 and a twelve month high of $237.14.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Friday, August 15th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Friday, August 15th. Jabil’s payout ratio is 5.37%.

Analysts Set New Price Targets

JBL has been the topic of several analyst reports. Bank of America upped their target price on Jabil from $245.00 to $255.00 and gave the stock a “buy” rating in a report on Friday. UBS Group upped their target price on Jabil from $157.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday, June 18th. Barclays upped their target price on Jabil from $223.00 to $267.00 and gave the stock an “overweight” rating in a report on Friday. JPMorgan Chase & Co. upped their target price on Jabil from $214.00 to $256.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Finally, Zacks Research lowered Jabil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $243.71.

About Jabil

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).