Jabil, Inc. $JBL Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC cut its stake in shares of Jabil, Inc. (NYSE:JBL) by 4.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,168 shares of the technology company’s stock after selling 158 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Jabil were worth $691,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JBL. Wellington Management Group LLP boosted its holdings in Jabil by 12.9% in the first quarter. Wellington Management Group LLP now owns 6,556,153 shares of the technology company’s stock valued at $892,096,000 after purchasing an additional 747,423 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Jabil by 119.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,215,678 shares of the technology company’s stock valued at $165,417,000 after purchasing an additional 662,938 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Jabil by 4,593.2% in the second quarter. Robeco Institutional Asset Management B.V. now owns 636,776 shares of the technology company’s stock valued at $138,881,000 after purchasing an additional 623,208 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in Jabil in the first quarter valued at approximately $81,378,000. Finally, Jones Financial Companies Lllp boosted its holdings in Jabil by 28,071.4% in the first quarter. Jones Financial Companies Lllp now owns 343,409 shares of the technology company’s stock valued at $46,728,000 after purchasing an additional 342,190 shares in the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Raymond James Financial set a $260.00 price target on Jabil in a report on Thursday, September 25th. The Goldman Sachs Group boosted their price objective on Jabil from $188.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, June 18th. Barclays boosted their price objective on Jabil from $223.00 to $267.00 and gave the company an “overweight” rating in a research note on Friday, September 26th. Wall Street Zen upgraded Jabil from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 3rd. Finally, Stifel Nicolaus assumed coverage on Jabil in a research note on Wednesday, July 2nd. They issued a “buy” rating and a $245.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Jabil currently has a consensus rating of “Moderate Buy” and an average target price of $248.43.

Jabil Price Performance

Jabil stock opened at $206.44 on Thursday. Jabil, Inc. has a 12 month low of $108.66 and a 12 month high of $237.14. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.00 and a quick ratio of 0.66. The business has a 50 day simple moving average of $214.19 and a 200-day simple moving average of $188.09. The stock has a market capitalization of $22.16 billion, a PE ratio of 34.64, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Friday, August 15th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, August 15th. Jabil’s dividend payout ratio is 5.37%.

Insider Buying and Selling

In other news, Chairman Mark T. Mondello sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $214.84, for a total transaction of $4,296,800.00. Following the completion of the sale, the chairman owned 1,380,190 shares in the company, valued at $296,520,019.60. This represents a 1.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrew Priestley sold 3,702 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $225.00, for a total value of $832,950.00. Following the completion of the transaction, the executive vice president owned 44,833 shares of the company’s stock, valued at $10,087,425. The trade was a 7.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 85,416 shares of company stock worth $18,367,889 over the last three months. 1.73% of the stock is owned by company insiders.

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).