Pacific Capital Wealth Advisors Inc. Takes Position in Jabil Inc. (NYSE:JBL)

Pacific Capital Wealth Advisors Inc. acquired a new position in shares of Jabil Inc. (NYSE:JBL) during the 4th quarter, Holdings Channel.com reports. The firm acquired 250 shares of the technology company’s stock, valued at approximately $32,000.

Other institutional investors have also added to or reduced their stakes in the company. Alaska Permanent Fund Corp bought a new position in Jabil in the fourth quarter worth about $29,000. CVA Family Office LLC purchased a new position in Jabil in the 4th quarter worth $36,000. Valley National Advisers Inc. acquired a new stake in shares of Jabil during the fourth quarter worth about $36,000. Hanseatic Management Services Inc. acquired a new stake in Jabil during the 3rd quarter valued at approximately $48,000. Finally, Allworth Financial LP lifted its position in Jabil by 745.8% during the fourth quarter. Allworth Financial LP now owns 406 shares of the technology company’s stock valued at $52,000 after purchasing an additional 358 shares during the period. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, SVP May Yee Yap sold 7,877 shares of the stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the transaction, the senior vice president now owns 29,006 shares of the company’s stock, valued at approximately $4,050,687.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, SVP May Yee Yap sold 7,877 shares of Jabil stock in a transaction on Monday, April 8th. The stock was 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 directly owns 29,006 shares in the company, valued at $4,050,687.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Mark T. Mondello sold 50,000 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $126.09, for a total value of $6,304,500.00. Following the transaction, the chairman now directly owns 1,809,194 shares of the company’s stock, valued at $228,121,271.46. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,877 shares of company stock valued at $9,824,383. Company insiders own 2.62% of the company’s stock.

Jabil Price Performance

Shares of NYSE JBL traded down $1.54 during mid-day trading on Tuesday, reaching $117.43. The company’s stock had a trading volume of 1,331,380 shares, compared to its average volume of 1,376,549. The stock has a market capitalization of $14.16 billion, a P/E ratio of 10.21, a P/E/G ratio of 1.25 and a beta of 1.42. The stock has a 50-day moving average of $133.37 and a two-hundred day moving average of $129.88. Jabil Inc. has a 1-year low of $77.22 and a 1-year high of $156.94. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.72 and a current ratio of 1.17.

Jabil (NYSE:JBL) last released its quarterly earnings data 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 return on equity of 39.47% and a net margin of 4.70%. The firm had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.91 billion. On average, equities research analysts anticipate that Jabil Inc. will post 7.83 EPS for the current fiscal year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th will be issued a $0.08 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.32 annualized dividend and a yield of 0.27%. Jabil’s dividend payout ratio (DPR) is currently 2.75%.

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).