Mediolanum International Funds Ltd Trims Stake in Jabil, Inc. $JBL

Mediolanum International Funds Ltd cut its stake in Jabil, Inc. (NYSE:JBL) by 11.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 88,207 shares of the technology company’s stock after selling 11,117 shares during the quarter. Mediolanum International Funds Ltd owned approximately 0.08% of Jabil worth $19,174,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in Jabil by 12.9% during the first quarter. Wellington Management Group LLP now owns 6,556,153 shares of the technology company’s stock worth $892,096,000 after buying an additional 747,423 shares in the last quarter. Primecap Management Co. CA raised its position in shares of Jabil by 0.7% in the second quarter. Primecap Management Co. CA now owns 3,410,410 shares of the technology company’s stock worth $743,810,000 after acquiring an additional 24,650 shares during the period. Geode Capital Management LLC raised its position in shares of Jabil by 2.3% in the second quarter. Geode Capital Management LLC now owns 2,893,485 shares of the technology company’s stock worth $628,519,000 after acquiring an additional 65,949 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Jabil by 5.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,302,307 shares of the technology company’s stock worth $502,133,000 after acquiring an additional 129,212 shares in the last quarter. Finally, Boston Partners grew its position in shares of Jabil by 223.9% during the 2nd quarter. Boston Partners now owns 1,896,010 shares of the technology company’s stock valued at $413,537,000 after acquiring an additional 1,310,667 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Activity

In other Jabil news, Chairman Mark T. Mondello sold 40,000 shares of the company’s stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $207.77, for a total transaction of $8,310,800.00. Following the sale, the chairman owned 1,258,942 shares in the company, valued at $261,570,379.34. This represents a 3.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Matthew Crowley sold 3,877 shares of Jabil stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $202.59, for a total value of $785,441.43. Following the completion of the transaction, the executive vice president owned 58,736 shares of the company’s stock, valued at $11,899,326.24. The trade was a 6.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 131,762 shares of company stock worth $27,886,321 over the last three months. Company insiders own 1.73% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on JBL. Bank of America upped their price target on Jabil from $245.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, September 26th. Raymond James Financial set a $260.00 price objective on Jabil in a research report on Thursday, September 25th. Barclays increased their target price on Jabil from $223.00 to $267.00 and gave the company an “overweight” rating in a research report on Friday, September 26th. Zacks Research cut shares of Jabil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Finally, UBS Group set a $241.00 price objective on shares of Jabil in a research report on Sunday, September 28th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Jabil currently has a consensus rating of “Moderate Buy” and a consensus target price of $248.43.

Jabil Stock Down 3.8%

Shares of JBL opened at $192.46 on Friday. The company’s 50-day moving average price is $211.11 and its 200 day moving average price is $203.84. Jabil, Inc. has a 12-month low of $108.66 and a 12-month high of $237.14. The company has a current ratio of 1.00, a quick ratio of 0.66 and a debt-to-equity ratio of 1.57. The firm has a market cap of $20.56 billion, a P/E ratio of 32.29, a price-to-earnings-growth ratio of 1.58 and a beta of 1.26.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Thursday, September 25th. The technology company reported $3.29 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.37. The business had revenue of $8.25 billion during the quarter, compared to analysts’ expectations of $7.63 billion. Jabil had a net margin of 2.20% and a return on equity of 68.63%. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period last year, the business earned $2.30 earnings per share. Jabil has set its Q1 2026 guidance at 2.470-2.870 EPS. FY 2026 guidance at 11.000-11.000 EPS. On average, sell-side analysts forecast that Jabil, Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Monday, November 17th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Monday, November 17th. Jabil’s payout ratio is presently 5.37%.

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).