Jabil Inc. (NYSE:JBL) Stock Position Cut by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. cut its holdings in shares of Jabil Inc. (NYSE:JBL) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 187,708 shares of the technology company’s stock after selling 7,493 shares during the period. Jabil comprises about 2.0% of Valley Wealth Managers Inc.’s portfolio, making the stock its 5th biggest position. Valley Wealth Managers Inc. owned about 0.17% of Jabil worth $27,011,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bleakley Financial Group LLC boosted its holdings in shares of Jabil by 2.2% in the fourth quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company’s stock valued at $471,000 after acquiring an additional 70 shares during the period. Greenleaf Trust boosted its holdings in shares of Jabil by 1.3% in the fourth quarter. Greenleaf Trust now owns 5,671 shares of the technology company’s stock valued at $816,000 after acquiring an additional 72 shares during the period. Resonant Capital Advisors LLC boosted its holdings in shares of Jabil by 3.3% in the fourth quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company’s stock valued at $365,000 after acquiring an additional 80 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Jabil by 6.0% in the third quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company’s stock valued at $195,000 after acquiring an additional 90 shares during the period. Finally, Verdence Capital Advisors LLC boosted its holdings in shares of Jabil by 2.9% in the third quarter. Verdence Capital Advisors LLC now owns 3,234 shares of the technology company’s stock valued at $387,000 after acquiring an additional 91 shares during the period. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Barclays increased their price target on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. StockNews.com downgraded Jabil from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Stifel Nicolaus reaffirmed a “buy” rating and set a $160.00 price target (up from $150.00) on shares of Jabil in a report on Thursday, December 19th. UBS Group increased their price target on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Finally, The Goldman Sachs Group increased their price target on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $153.17.

Insider Activity

In other news, Director John C. Plant sold 50,000 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $172.55, for a total value of $8,627,500.00. Following the completion of the transaction, the director now owns 5,900 shares in the company, valued at $1,018,045. This trade represents a 89.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Frederic E. Mccoy sold 4,000 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total value of $599,240.00. Following the completion of the transaction, the executive vice president now owns 138,472 shares of the company’s stock, valued at approximately $20,744,490.32. This represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,400 shares of company stock worth $12,804,458 over the last 90 days. 1.73% of the stock is currently owned by corporate insiders.

Jabil Trading Up 0.6 %

NYSE:JBL opened at $169.60 on Tuesday. The stock has a fifty day moving average price of $154.59 and a two-hundred day moving average price of $131.28. The stock has a market capitalization of $18.52 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 1.64 and a beta of 1.23. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $174.80.

Jabil (NYSE:JBL) last released its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.12. The firm had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.61 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. Jabil’s revenue was down 16.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.60 earnings per share. As a group, sell-side analysts anticipate that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date is Tuesday, February 18th. Jabil’s dividend payout ratio is currently 3.07%.

Jabil Company 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).