Jabil Inc. (NYSE:JBL) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its stake in Jabil Inc. (NYSE:JBL) by 29.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,855 shares of the technology company’s stock after acquiring an additional 658 shares during the period. Sequoia Financial Advisors LLC’s holdings in Jabil were worth $364,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. HB Wealth Management LLC increased its holdings in shares of Jabil by 3.9% in the 4th quarter. HB Wealth Management LLC now owns 2,183 shares of the technology company’s stock worth $278,000 after acquiring an additional 82 shares during the period. Signaturefd LLC raised its holdings in shares of Jabil by 1.3% during the third quarter. Signaturefd LLC now owns 6,761 shares of the technology company’s stock valued at $858,000 after buying an additional 86 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Jabil by 2.0% during the third quarter. IFP Advisors Inc now owns 4,608 shares of the technology company’s stock worth $585,000 after buying an additional 92 shares during the period. Fifth Third Bancorp grew its holdings in Jabil by 3.2% in the 3rd quarter. Fifth Third Bancorp now owns 3,836 shares of the technology company’s stock worth $487,000 after buying an additional 120 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its position in Jabil by 14.2% in the 2nd quarter. Sunbelt Securities Inc. now owns 1,037 shares of the technology company’s stock valued at $112,000 after acquiring an additional 129 shares during the period. 93.39% of the stock is owned by institutional investors.

Jabil Trading Down 0.0 %

Shares of NYSE:JBL opened at $129.59 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.72 and a current ratio of 1.17. The stock has a market capitalization of $15.63 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 1.40 and a beta of 1.40. Jabil Inc. has a 1-year low of $75.48 and a 1-year high of $156.94. The company has a 50 day moving average price of $138.45 and a 200 day moving average price of $131.19.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Friday, March 15th. The technology company reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.01). The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.91 billion. Jabil had a net margin of 4.70% and a return on equity of 39.47%. On average, research analysts anticipate that Jabil Inc. will post 7.83 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.25%. The ex-dividend date is Tuesday, May 14th. Jabil’s dividend payout ratio (DPR) is currently 2.75%.

Insider Activity

In related news, CEO Kenneth S. Wilson sold 15,000 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the transaction, the chief executive officer now directly owns 339,725 shares of the company’s stock, valued at $45,591,095. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Jabil news, CEO Kenneth S. Wilson sold 15,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the completion of the sale, the chief executive officer now directly owns 339,725 shares in the company, valued at approximately $45,591,095. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP May Yee Yap sold 7,877 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $139.65, for a total value of $1,100,023.05. Following the completion of the transaction, the senior vice president now owns 29,006 shares in the company, valued at approximately $4,050,687.90. The disclosure for this sale can be found here. Insiders sold 107,177 shares of company stock worth $13,678,039 over the last quarter. Corporate insiders own 2.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Barclays reduced their price target on Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a research report on Monday, March 18th. Argus lowered shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. StockNews.com cut shares of Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 26th. Finally, The Goldman Sachs Group boosted their target price on Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $144.50.

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).