Independent Advisor Alliance boosted its stake in shares of Jabil, Inc. (NYSE:JBL – Free Report) by 67.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 12,452 shares of the technology company’s stock after buying an additional 5,004 shares during the period. Independent Advisor Alliance’s holdings in Jabil were worth $2,704,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. GFG Capital LLC bought a new stake in shares of Jabil in the 2nd quarter worth about $26,000. First Horizon Corp bought a new stake in Jabil in the third quarter worth about $30,000. True Wealth Design LLC boosted its position in shares of Jabil by 250.0% during the third quarter. True Wealth Design LLC now owns 140 shares of the technology company’s stock valued at $30,000 after buying an additional 100 shares during the period. Traub Capital Management LLC purchased a new position in shares of Jabil during the second quarter valued at approximately $33,000. Finally, Assetmark Inc. grew its stake in shares of Jabil by 45.8% during the second quarter. Assetmark Inc. now owns 156 shares of the technology company’s stock valued at $34,000 after buying an additional 49 shares during the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.
Jabil Stock Performance
Shares of JBL stock opened at $243.42 on Tuesday. The firm has a market cap of $25.70 billion, a price-to-earnings ratio of 37.86, a PEG ratio of 1.51 and a beta of 1.25. Jabil, Inc. has a 52-week low of $108.66 and a 52-week high of $258.05. The company has a quick ratio of 0.67, a current ratio of 0.99 and a debt-to-equity ratio of 1.77. The company’s 50 day moving average is $229.96 and its 200 day moving average is $218.85.
Jabil Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Tuesday, February 17th. Jabil’s dividend payout ratio (DPR) is currently 4.98%.
Insider Activity
In other news, EVP Frederic E. Mccoy sold 22,011 shares of the company’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $224.93, for a total transaction of $4,950,934.23. Following the transaction, the executive vice president directly owned 100,376 shares of the company’s stock, valued at approximately $22,577,573.68. This represents a 17.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael Dastoor sold 15,000 shares of the stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $246.91, for a total value of $3,703,650.00. Following the sale, the chief executive officer owned 262,566 shares of the company’s stock, valued at approximately $64,830,171.06. This represents a 5.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 181,107 shares of company stock worth $42,042,614 in the last quarter. 1.35% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
JBL has been the subject of a number of research analyst reports. Barclays raised their price target on Jabil from $267.00 to $283.00 and gave the stock an “overweight” rating in a research note on Thursday, December 18th. Zacks Research upgraded Jabil from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Jabil in a report on Friday, January 9th. JPMorgan Chase & Co. raised their price target on shares of Jabil from $260.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, December 18th. Finally, Bank of America boosted their price objective on shares of Jabil from $255.00 to $262.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $263.71.
Check Out Our Latest Stock Report on Jabil
Jabil Profile
Jabil Inc (NYSE: JBL) is a global manufacturing solutions provider specializing in electronic manufacturing services (EMS) and diversified products across a wide range of industries. The company partners with original equipment manufacturers to deliver design engineering, supply chain management, precision manufacturing, and aftermarket services. Jabil’s expertise spans sectors such as healthcare, automotive, clean technology, telecommunications, consumer electronics, and packaging, enabling it to support both high-volume production and complex, mission-critical applications.
Founded in 1966 by William E.
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