Frederic E. Mccoy Sells 4,283 Shares of Jabil Inc. (NYSE:JBL) Stock

Jabil Inc. (NYSE:JBL) EVP Frederic E. Mccoy sold 4,283 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $122.28, for a total value of $523,725.24. Following the completion of the transaction, the executive vice president now directly owns 142,472 shares in the company, valued at approximately $17,421,476.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Jabil Price Performance

Shares of Jabil stock traded up $4.58 on Friday, reaching $127.67. The company’s stock had a trading volume of 1,374,600 shares, compared to its average volume of 1,463,903. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $14.41 billion, a P/E ratio of 11.59, a PEG ratio of 1.46 and a beta of 1.25. The stock has a 50-day moving average price of $115.60 and a 200-day moving average price of $114.76. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $156.94.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.08. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.59 billion. During the same period in the previous year, the company posted $2.34 earnings per share. The business’s revenue was down 17.7% on a year-over-year basis. Analysts expect that Jabil Inc. will post 7.84 EPS for the current year.

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 15th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend is Friday, November 15th. Jabil’s dividend payout ratio is presently 2.90%.

Institutional Investors Weigh In On Jabil

Institutional investors and hedge funds have recently made changes to their positions in the stock. ORG Partners LLC acquired a new position in Jabil during the 1st quarter worth approximately $29,000. HHM Wealth Advisors LLC purchased a new position in Jabil in the second quarter valued at $28,000. Capital Performance Advisors LLP acquired a new stake in Jabil in the third quarter valued at $32,000. Innealta Capital LLC purchased a new stake in Jabil during the 2nd quarter worth about $31,000. Finally, Family Firm Inc. acquired a new position in shares of Jabil during the 2nd quarter worth about $37,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JBL has been the subject of a number of research reports. Barclays increased their target price on Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Bank of America increased their price target on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a report on Friday, September 27th. JPMorgan Chase & Co. dropped their price target on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. Finally, Stifel Nicolaus increased their price target on Jabil from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.50.

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).