Banco Bilbao Vizcaya Argentaria S.A. trimmed its stake in Jabil, Inc. (NYSE:JBL – Free Report) by 12.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,783 shares of the technology company’s stock after selling 4,107 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Jabil were worth $6,054,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of JBL. GFG Capital LLC purchased a new stake in Jabil in the second quarter worth about $26,000. Groupe la Francaise grew its holdings in shares of Jabil by 35.2% during the 1st quarter. Groupe la Francaise now owns 246 shares of the technology company’s stock worth $34,000 after acquiring an additional 64 shares during the period. Assetmark Inc. raised its position in shares of Jabil by 45.8% in the 2nd quarter. Assetmark Inc. now owns 156 shares of the technology company’s stock worth $34,000 after acquiring an additional 49 shares in the last quarter. Westside Investment Management Inc. lifted its stake in shares of Jabil by 757.1% in the 2nd quarter. Westside Investment Management Inc. now owns 180 shares of the technology company’s stock valued at $39,000 after purchasing an additional 159 shares during the period. Finally, Hantz Financial Services Inc. boosted its position in shares of Jabil by 45.4% during the second quarter. Hantz Financial Services Inc. now owns 189 shares of the technology company’s stock valued at $41,000 after purchasing an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.
Jabil Stock Down 0.2%
NYSE:JBL opened at $201.45 on Friday. The firm has a market cap of $21.52 billion, a P/E ratio of 33.80, a P/E/G ratio of 1.58 and a beta of 1.26. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.66 and a current ratio of 1.00. Jabil, Inc. has a fifty-two week low of $108.66 and a fifty-two week high of $237.14. The firm has a 50-day simple moving average of $212.23 and a two-hundred day simple moving average of $202.84.
Jabil Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. Jabil’s dividend payout ratio (DPR) is presently 5.37%.
Insider Transactions at Jabil
In other news, Chairman Mark T. Mondello sold 40,000 shares of the company’s stock in a transaction on 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 transaction, the chairman directly owned 1,258,942 shares of the company’s stock, valued at $261,570,379.34. This represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Gregory B. Hebard sold 6,086 shares of Jabil stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $213.54, for a total value of $1,299,604.44. Following the completion of the sale, the chief financial officer owned 58,526 shares of the company’s stock, valued at $12,497,642.04. The trade was a 9.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 131,762 shares of company stock valued at $27,886,321. Insiders own 1.73% of the company’s stock.
Wall Street Analysts Forecast Growth
JBL has been the subject of several recent research reports. Wall Street Zen raised Jabil from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 3rd. Bank of America increased their price target on shares of Jabil from $245.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, September 26th. Zacks Research cut shares of Jabil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. Barclays upped their price objective on shares of Jabil from $223.00 to $267.00 and gave the stock an “overweight” rating in a report on Friday, September 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Jabil in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.43.
Read Our Latest Stock Report on Jabil
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).
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