Peak Retirement Planning Inc. Takes Position in Jabil Inc. (NYSE:JBL)

Peak Retirement Planning Inc. acquired a new stake in Jabil Inc. (NYSE:JBL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,797 shares of the technology company's stock, valued at approximately $979,000.

Other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in Jabil in the 4th quarter valued at $27,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Jabil during the 4th quarter valued at $29,000. Millstone Evans Group LLC purchased a new position in shares of Jabil during the 4th quarter valued at $37,000. First Horizon Advisors Inc. lifted its position in shares of Jabil by 90.3% during the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock valued at $39,000 after buying an additional 130 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Jabil by 113.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company's stock valued at $43,000 after buying an additional 158 shares during the last quarter. Institutional investors own 93.39% of the company's stock.

Jabil Price Performance

JBL traded down $1.54 during trading on Wednesday, reaching $167.63. 801,768 shares of the company were exchanged, compared to its average volume of 1,422,171. The company's 50-day moving average is $145.54 and its two-hundred day moving average is $147.04. The company has a market cap of $17.99 billion, a price-to-earnings ratio of 16.07, a P/E/G ratio of 1.65 and a beta of 1.11. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.11. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm had revenue of $6.73 billion for the quarter, compared to analysts' expectations of $6.40 billion. During the same quarter last year, the firm posted $1.68 EPS. The company's revenue was down .6% compared to the same quarter last year. Research analysts forecast that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.19%. Jabil's payout ratio is currently 7.66%.

Analyst Ratings Changes

A number of research analysts have recently commented on JBL shares. JPMorgan Chase & Co. dropped their price target on Jabil from $175.00 to $154.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Wall Street Zen raised Jabil from a "hold" rating to a "buy" rating in a report on Monday, May 19th. UBS Group increased their price objective on Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. The Goldman Sachs Group dropped their price objective on Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Barclays increased their price objective on Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a report on Friday, March 21st. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Jabil currently has an average rating of "Moderate Buy" and a consensus target price of $158.50.

Insider Buying and Selling at Jabil

In other news, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the transaction, the chairman now directly owns 1,730,192 shares in the company, valued at approximately $227,624,059.52. This represents a 1.14% 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, CEO Michael Dastoor sold 10,000 shares of the 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 transaction, the chief executive officer now 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 disclosure for this sale can be found here. 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).