CWA Asset Management Group LLC Has $7.18 Million Position in Jabil, Inc. (NYSE:JBL)

CWA Asset Management Group LLC lessened its position in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 9.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,777 shares of the technology company's stock after selling 5,810 shares during the quarter. CWA Asset Management Group LLC's holdings in Jabil were worth $7,181,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of JBL. Wellington Management Group LLP boosted its position in shares of Jabil by 70,781.4% during the fourth quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company's stock worth $835,876,000 after purchasing an additional 5,800,535 shares in the last quarter. Norges Bank acquired a new position in Jabil in the 4th quarter worth $218,430,000. Point72 Asset Management L.P. increased its holdings in Jabil by 1,007.6% during the 4th quarter. Point72 Asset Management L.P. now owns 965,629 shares of the technology company's stock worth $138,954,000 after purchasing an additional 878,444 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Jabil by 16,190.6% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 552,740 shares of the technology company's stock valued at $79,539,000 after purchasing an additional 549,347 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Jabil by 17,410.3% during the first quarter. GAMMA Investing LLC now owns 524,958 shares of the technology company's stock worth $71,431,000 after buying an additional 521,960 shares during the period. 93.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Jabil from a "hold" rating to a "buy" rating in a report on Monday, May 19th. Argus raised shares of Jabil from a "hold" rating to a "buy" rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of Jabil from $180.00 to $214.00 and gave the stock an "overweight" rating in a research report on Wednesday. Barclays raised their price objective on Jabil from $206.00 to $223.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, The Goldman Sachs Group upped their target price on Jabil from $188.00 to $215.00 and gave the stock a "buy" rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $200.00.

Insider Buying and Selling

In related news, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $166.75, for a total transaction of $3,335,000.00. Following the sale, the chairman now owns 1,710,192 shares of the company's stock, valued at $285,174,516. This represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Dastoor sold 10,000 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was 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 approximately $37,665,640.70. This trade represents a 4.32% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,000 shares of company stock valued at $7,665,200. Insiders own 1.73% of the company's stock.

Jabil Stock Performance

NYSE:JBL traded up $7.54 during mid-day trading on Wednesday, hitting $204.43. The stock had a trading volume of 3,556,070 shares, compared to its average volume of 1,463,720. The company's 50 day simple moving average is $157.94 and its 200 day simple moving average is $151.63. The stock has a market cap of $21.95 billion, a price-to-earnings ratio of 48.91, a PEG ratio of 1.76 and a beta of 1.14. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.66 and a current ratio of 1.02. Jabil, Inc. has a twelve month low of $95.85 and a twelve month high of $207.03.

Jabil (NYSE:JBL - Get Free Report) last posted its earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share for the quarter, topping analysts' consensus estimates of $2.28 by $0.27. Jabil had a return on equity of 49.64% and a net margin of 1.76%. The business had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.03 billion. During the same period in the previous year, the firm earned $1.89 EPS. The firm's revenue was up 15.7% compared to the same quarter last year. On average, equities research analysts forecast that Jabil, Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.16%. Jabil's dividend payout ratio (DPR) is currently 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).