Duncan Williams Asset Management LLC Cuts Stake in Jabil, Inc. $JBL

Key Points

• Duncan Williams Asset Management LLC has significantly decreased its stake in Jabil, Inc. by 76.2%, reducing its holdings to 1,329 shares valued at $290,000.
• Jabil has declared a $0.08 quarterly dividend, with an annualized rate of $0.32 and a yield of 0.2%, reflecting a low payout ratio of 5.37%.
• Recent analyst reports show a positive outlook for Jabil, with several firms setting price targets above $240, indicating strong investor interest and a currently Moderate Buy rating.

Duncan Williams Asset Management LLC lessened its stake in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 76.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,329 shares of the technology company's stock after selling 4,249 shares during the quarter. Duncan Williams Asset Management LLC's holdings in Jabil were worth $290,000 at the end of the most recent quarter.

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

Jabil Stock Up 0.1%

NYSE:JBL opened at $202.37 on Tuesday. The stock has a 50-day simple moving average of $215.15 and a 200 day simple moving average of $187.86. Jabil, Inc. has a one year low of $108.66 and a one year high of $237.14. The company has a market capitalization of $21.72 billion, a price-to-earnings ratio of 33.95, a price-to-earnings-growth ratio of 1.43 and a beta of 1.26. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.66 and a current ratio of 1.00.

Jabil Announces Dividend

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

Insider Transactions at Jabil

In related news, 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 transaction of $832,950.00. Following the transaction, the executive vice president directly owned 44,833 shares in the company, valued at $10,087,425. This trade represents a 7.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Steven A. Raymund sold 13,432 shares of the business's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $223.11, for a total transaction of $2,996,813.52. Following the sale, the director owned 86,396 shares of the company's stock, valued at approximately $19,275,811.56. The trade was a 13.46% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 85,416 shares of company stock valued at $18,367,889. 1.73% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on JBL shares. UBS Group set a $241.00 price target on shares of Jabil in a research note on Sunday, September 28th. Wall Street Zen raised Jabil from a "buy" rating to a "strong-buy" rating in a research report on Friday. Bank of America boosted their price target on Jabil from $245.00 to $255.00 and gave the stock a "buy" rating in a research note on Friday, September 26th. JPMorgan Chase & Co. raised their price objective on Jabil from $214.00 to $256.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Finally, The Goldman Sachs Group upped their target price on Jabil from $188.00 to $215.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $248.43.

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).

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