Cwm LLC Lowers Holdings in Jabil Inc. (NYSE:JBL)

Cwm LLC decreased its position in Jabil Inc. (NYSE:JBL) by 10.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,490 shares of the technology company’s stock after selling 277 shares during the period. Cwm LLC’s holdings in Jabil were worth $317,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. CVA Family Office LLC bought a new position in Jabil in the fourth quarter worth approximately $36,000. Valley National Advisers Inc. bought a new position in Jabil in the fourth quarter worth approximately $36,000. Hanseatic Management Services Inc. bought a new position in Jabil in the third quarter worth approximately $48,000. Allworth Financial LP raised its stake in Jabil by 745.8% in the fourth quarter. Allworth Financial LP now owns 406 shares of the technology company’s stock worth $52,000 after buying an additional 358 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in Jabil in the third quarter worth approximately $63,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on JBL shares. Argus downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Barclays reduced their price target on Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a research report on Monday, March 18th. StockNews.com raised Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Finally, The Goldman Sachs Group upped their price target on Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $144.50.

Jabil Price Performance

NYSE JBL opened at $115.26 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.17 and a quick ratio of 0.72. The stock’s fifty day moving average price is $134.75 and its 200 day moving average price is $130.29. Jabil Inc. has a 1 year low of $75.48 and a 1 year high of $156.94. The company has a market cap of $13.90 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 1.25 and a beta of 1.42.

Jabil (NYSE:JBL) last released its earnings results on Friday, March 15th. The technology company reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.55 by ($0.01). Jabil had a net margin of 4.70% and a return on equity of 39.47%. The firm had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.91 billion. As a group, equities research analysts forecast that Jabil Inc. will post 7.83 earnings per share for the current year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders 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 dividend yield of 0.28%. The ex-dividend date of this dividend is Tuesday, May 14th. Jabil’s payout ratio is currently 2.75%.

Insider Transactions at Jabil

In related news, CEO Kenneth S. Wilson sold 15,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $134.20, for a total value 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 approximately $45,591,095. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Jabil news, CEO Kenneth S. Wilson sold 15,000 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $134.20, for a total value of $2,013,000.00. Following the completion of the sale, the chief executive officer now owns 339,725 shares in the company, valued at approximately $45,591,095. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Gerald Creadon sold 3,000 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $135.62, for a total transaction of $406,860.00. Following the completion of the sale, the executive vice president now owns 65,434 shares of the company’s stock, valued at approximately $8,874,159.08. The disclosure for this sale can be found here. Insiders have sold a total of 75,877 shares of company stock valued at $9,824,383 in the last ninety days. 2.62% of the stock is currently owned by corporate insiders.

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).