Korea Investment CORP Reduces Position in Jabil, Inc. $JBL

Key Points

• Korea Investment CORP has reduced its holdings in Jabil, Inc. by 52.2%, selling 36,500 shares in the first quarter, leaving them with 33,367 shares valued at $4.54 million.
• Jabil reported a 15.7% year-over-year revenue increase with $7.83 billion during the last quarter, surpassing analyst estimates.
• The company announced a dividend of $0.08 per share, payable on September 3rd, representing a yield of 14.0%.

Korea Investment CORP cut its holdings in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 52.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,367 shares of the technology company's stock after selling 36,500 shares during the quarter. Korea Investment CORP's holdings in Jabil were worth $4,540,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JBL. Creative Financial Designs Inc. ADV acquired a new position in Jabil in the 1st quarter valued at about $27,000. Harbor Capital Advisors Inc. boosted its holdings in Jabil by 110.5% in the 1st 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 last quarter. Golden State Wealth Management LLC boosted its holdings in Jabil by 2,400.0% in the 1st 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 last quarter. True Wealth Design LLC boosted its holdings in Jabil by 3,411.1% in the 4th quarter. True Wealth Design LLC now owns 316 shares of the technology company's stock valued at $45,000 after purchasing an additional 307 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new position in Jabil in the 1st quarter valued at about $52,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Chairman Mark T. Mondello sold 20,000 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $219.20, for a total transaction of $4,384,000.00. Following the sale, the chairman directly owned 1,420,190 shares of the company's stock, valued at $311,305,648. This represents a 1.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anousheh Ansari sold 1,000 shares of the stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $222.75, for a total transaction of $222,750.00. Following the completion of the sale, the director directly owned 36,400 shares in the company, valued at approximately $8,108,100. This represents a 2.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 332,847 shares of company stock worth $66,534,847 over the last 90 days. Company insiders own 1.73% of the company's stock.

Jabil Stock Down 0.2%

JBL traded down $0.38 during trading hours on Wednesday, hitting $207.99. 560,231 shares of the company's stock were exchanged, compared to its average volume of 1,411,826. Jabil, Inc. has a 12-month low of $99.67 and a 12-month high of $232.84. The firm has a 50 day moving average of $218.18 and a 200 day moving average of $175.09. The firm has a market cap of $22.32 billion, a P/E ratio of 40.43, a price-to-earnings-growth ratio of 1.46 and a beta of 1.20. The company has a current ratio of 0.98, a quick ratio of 0.64 and a debt-to-equity ratio of 1.85.

Jabil (NYSE:JBL - Get Free Report) last announced its earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.27. Jabil had a net margin of 2.02% and a return on equity of 60.19%. The firm had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.03 billion. During the same period in the prior year, the firm earned $1.89 EPS. The firm's revenue for the quarter was up 15.7% on a year-over-year basis. Jabil has set its FY 2025 guidance at 9.330-9.330 EPS. Q4 2025 guidance at 2.640-3.040 EPS. Analysts predict that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, September 3rd. Investors of record on Monday, August 18th will be paid a dividend of $0.08 per share. This represents a yield of 14.0%. The ex-dividend date of this dividend is Friday, August 15th. Jabil's dividend payout ratio is presently 6.21%.

Wall Street Analyst Weigh In

JBL has been the topic of several recent analyst reports. UBS Group boosted their target price on shares of Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a report on Wednesday, June 18th. JPMorgan Chase & Co. boosted their target price on shares of Jabil from $214.00 to $256.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Argus raised shares of Jabil from a "hold" rating to a "buy" rating in a research note on Wednesday, June 18th. Stifel Nicolaus began coverage on shares of Jabil in a research note on Wednesday, July 2nd. They issued a "buy" rating and a $245.00 price target on the stock. Finally, The Goldman Sachs Group boosted their price target on shares of Jabil from $188.00 to $215.00 and gave the company a "buy" rating in a research note on Wednesday, June 18th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $231.71.

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).