Jaffetilchin Investment Partners LLC Has $366,000 Stock Holdings in Jabil, Inc. (NYSE:JBL)

Jaffetilchin Investment Partners LLC trimmed its stake in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 47.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,687 shares of the technology company's stock after selling 2,459 shares during the quarter. Jaffetilchin Investment Partners LLC's holdings in Jabil were worth $366,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. bought a new position in shares of Jabil in the 4th quarter worth about $27,000. Creative Financial Designs Inc. ADV bought a new position in shares of Jabil in the 1st quarter worth about $27,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Jabil in the 4th quarter worth about $29,000. Harbor Capital Advisors Inc. lifted its position in shares of Jabil by 110.5% in the 1st 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. Finally, Millstone Evans Group LLC bought a new position in shares of Jabil in the 4th quarter worth about $37,000. 93.39% of the stock is currently owned by institutional investors.

Jabil Price Performance

Jabil stock traded up $2.01 during trading hours on Friday, hitting $217.32. 3,319,519 shares of the company traded hands, compared to its average volume of 1,416,201. The firm has a market cap of $23.33 billion, a P/E ratio of 42.20, a P/E/G ratio of 1.52 and a beta of 1.14. 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 50-day simple moving average is $170.08 and its two-hundred day simple moving average is $155.82. Jabil, Inc. has a 1-year low of $95.85 and a 1-year high of $218.34.

Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings data on Tuesday, June 17th. The technology company reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.27. The company had revenue of $7.83 billion for the quarter, compared to analysts' expectations of $7.03 billion. Jabil had a net margin of 2.02% and a return on equity of 60.19%. The business's revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.89 EPS. As a group, analysts forecast that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th were paid a $0.08 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.15%. Jabil's dividend payout ratio is currently 6.21%.

Analyst Ratings Changes

JBL has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of Jabil from $180.00 to $214.00 and gave the company an "overweight" rating in a research report on Wednesday, June 18th. UBS Group lifted their price objective on shares of Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a research report on Wednesday, June 18th. Barclays lifted their price objective 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. Wall Street Zen upgraded shares of Jabil from a "buy" rating to a "strong-buy" rating in a research report on Friday. Finally, Raymond James Financial reiterated a "strong-buy" rating and issued a $230.00 price objective (up from $170.00) on shares of Jabil in a research report on Wednesday, June 18th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $213.57.

Insider Transactions at Jabil

In other Jabil news, CEO Michael Dastoor sold 10,000 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 221,693 shares in the company, valued at $37,665,640.70. This trade represents a 4.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Adam E. Berry sold 4,233 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $200.36, for a total transaction of $848,123.88. Following the sale, the senior vice president now owns 13,047 shares of the company's stock, valued at approximately $2,614,096.92. This represents a 24.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 280,476 shares of company stock valued at $52,780,286 in the last quarter. Insiders own 1.73% of the company's stock.

Jabil 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).