CreativeOne Wealth LLC Grows Holdings in Jabil, Inc. $JBL

Key Points

• CreativeOne Wealth LLC increased its stake in Jabil, Inc. by 69.7% in the first quarter, owning 8,497 shares valued at approximately $1.156 million.
• Jabil reported a 15.7% year-over-year revenue increase of $7.83 billion and an EPS of $2.55, surpassing analysts' expectations.
• The company's dividend of $0.08 per share will be paid on September 3rd, with an annualized yield of 0.2%.

CreativeOne Wealth LLC lifted its stake in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 69.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,497 shares of the technology company's stock after acquiring an additional 3,490 shares during the period. CreativeOne Wealth LLC's holdings in Jabil were worth $1,156,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Creative Financial Designs Inc. ADV acquired a new position in shares of Jabil during the 1st quarter valued at $27,000. Harbor Capital Advisors Inc. raised its holdings in Jabil by 110.5% during the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock worth $30,000 after buying an additional 116 shares during the last quarter. Groupe la Francaise raised its holdings in Jabil by 35.2% during the first quarter. Groupe la Francaise now owns 246 shares of the technology company's stock worth $34,000 after buying an additional 64 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in Jabil by 2,400.0% during the first quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company's stock worth $37,000 after buying an additional 264 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new position in Jabil during the first quarter worth $52,000. Institutional investors and hedge funds own 93.39% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on JBL. UBS Group upped their price objective on shares of Jabil from $157.00 to $208.00 and gave the stock a "neutral" rating in a report on Wednesday, June 18th. The Goldman Sachs Group upped their price objective on shares of Jabil from $188.00 to $215.00 and gave the stock a "buy" rating in a report on Wednesday, June 18th. Stifel Nicolaus initiated coverage on shares of Jabil in a report on Wednesday, July 2nd. They set a "buy" rating and a $245.00 price objective on the stock. Bank of America increased their target price on shares of Jabil from $225.00 to $245.00 and gave the company a "buy" rating in a report on Friday, June 20th. Finally, Barclays increased their price target on shares of Jabil from $206.00 to $223.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $231.71.

Jabil Trading Up 0.2%

Shares of NYSE JBL traded up $0.42 during midday trading on Wednesday, reaching $202.50. The company had a trading volume of 661,932 shares, compared to its average volume of 1,415,943. Jabil, Inc. has a one year low of $99.67 and a one year high of $232.84. The company has a quick ratio of 0.64, a current ratio of 0.98 and a debt-to-equity ratio of 1.85. The firm's fifty day moving average price is $218.07 and its 200-day moving average price is $176.40. The stock has a market cap of $21.73 billion, a PE ratio of 39.30, a price-to-earnings-growth ratio of 1.19 and a beta of 1.25.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings results on Tuesday, June 17th. The technology company reported $2.55 EPS for the quarter, beating analysts' consensus estimates of $2.28 by $0.27. Jabil had a return on equity of 60.19% and a net margin of 2.02%.The business had revenue of $7.83 billion during the quarter, compared to analyst estimates of $7.03 billion. During the same quarter in the prior year, the company posted $1.89 EPS. Jabil's quarterly revenue was up 15.7% compared to the same quarter last year. Jabil has set its FY 2025 guidance at 9.330-9.330 EPS. Q4 2025 guidance at 2.640-3.040 EPS. On average, equities research analysts anticipate that Jabil, Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Friday, August 15th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, August 15th. Jabil's dividend payout ratio (DPR) is currently 6.21%.

Insider Buying and Selling at Jabil

In related news, EVP Frederic E. Mccoy sold 4,500 shares of the firm's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $223.55, for a total value of $1,005,975.00. Following the transaction, the executive vice president directly owned 124,203 shares of the company's stock, valued at approximately $27,765,580.65. This trade represents a 3.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Andrew Priestley sold 3,702 shares of the firm's 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 directly owned 44,833 shares in the company, valued at approximately $10,087,425. This represents a 7.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 312,847 shares of company stock worth $63,199,847. Insiders own 1.73% of the company's stock.

Jabil Company 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).