California State Teachers Retirement System Has $19.39 Million Stock Position in Jabil Inc. (NYSE:JBL)

California State Teachers Retirement System decreased its position in Jabil Inc. (NYSE:JBL - Free Report) by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 134,720 shares of the technology company's stock after selling 10,220 shares during the quarter. California State Teachers Retirement System owned 0.12% of Jabil worth $19,386,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JBL. SBI Securities Co. Ltd. purchased a new position in Jabil in the fourth quarter valued at $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Jabil in the fourth quarter valued at $29,000. Millstone Evans Group LLC acquired a new position in Jabil in the fourth quarter valued at $37,000. First Horizon Advisors Inc. boosted its stake in Jabil by 90.3% in the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock valued at $39,000 after acquiring an additional 130 shares in the last quarter. Finally, GHP Investment Advisors Inc. acquired a new position in Jabil in the fourth quarter valued at $43,000. Hedge funds and other institutional investors own 93.39% of the company's stock.

Insiders Place Their Bets

In related news, CEO Michael Dastoor sold 10,000 shares of Jabil stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $169.90, for a total value of $1,699,000.00. Following the transaction, the chief executive officer now owns 221,693 shares in the company, valued at $37,665,640.70. This trade represents a 4.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Mark T. Mondello sold 20,000 shares of the firm's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the completion of the sale, the chairman now owns 1,730,192 shares in the company, valued at $227,624,059.52. This represents a 1.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.73% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on JBL shares. The Goldman Sachs Group decreased their price objective on shares of Jabil from $175.00 to $146.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Wall Street Zen upgraded shares of Jabil from a "hold" rating to a "buy" rating in a research note on Monday, May 19th. UBS Group increased their target price on shares of Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Barclays increased their target price on shares of Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research note on Friday, March 21st. Finally, JPMorgan Chase & Co. decreased their target price on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.50.

Jabil Stock Down 0.1%

Shares of JBL traded down $0.20 during midday trading on Monday, hitting $167.81. The company had a trading volume of 380,166 shares, compared to its average volume of 1,419,931. The company's 50 day moving average price is $146.76 and its 200 day moving average price is $147.90. The stock has a market cap of $18.01 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 1.65 and a beta of 1.11. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $174.80. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

Jabil (NYSE:JBL - Get Free Report) last posted its earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.83 by $0.11. The firm had revenue of $6.73 billion during the quarter, compared to analysts' expectations of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. Jabil's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.68 EPS. On average, equities research analysts predict that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.19%. Jabil's payout ratio is 7.66%.

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).