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

Peak Retirement Planning Inc. purchased a new position in Jabil Inc. (NYSE:JBL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,797 shares of the technology company's stock, valued at approximately $979,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Western Wealth Management LLC boosted its holdings in Jabil by 155.0% during the fourth quarter. Western Wealth Management LLC now owns 7,724 shares of the technology company's stock worth $1,112,000 after purchasing an additional 4,695 shares during the last quarter. GTS Securities LLC increased its stake in shares of Jabil by 111.8% in the fourth quarter. GTS Securities LLC now owns 2,134 shares of the technology company's stock worth $307,000 after purchasing an additional 20,282 shares in the last quarter. Breed s Hill Capital LLC purchased a new stake in shares of Jabil during the 4th quarter valued at approximately $201,000. Vise Technologies Inc. purchased a new stake in shares of Jabil during the fourth quarter worth $287,000. Finally, PharVision Advisers LLC bought a new position in Jabil in the 4th quarter worth about $214,000. Institutional investors and hedge funds own 93.39% of the company's stock.

Insider Buying and Selling at Jabil

In other Jabil news, CEO Michael Dastoor sold 10,000 shares of the stock in a transaction that occurred 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 completion of the sale, 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Mark T. Mondello sold 20,000 shares of Jabil stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $131.56, for a total value of $2,631,200.00. Following the completion of the sale, the chairman now owns 1,730,192 shares in the company, valued at approximately $227,624,059.52. This represents a 1.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on JBL. UBS Group lifted their price objective on Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Barclays lifted their price target on Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research note on Friday, March 21st. The Goldman Sachs Group reduced their price objective on Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. JPMorgan Chase & Co. dropped their target price on Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, Wall Street Zen raised Jabil from a "hold" rating to a "buy" rating in a research note on Monday, May 19th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Jabil presently has an average rating of "Moderate Buy" and an average target price of $158.50.

Jabil Trading Up 2.3%

Shares of JBL traded up $3.76 during trading hours on Tuesday, hitting $169.14. The company had a trading volume of 861,542 shares, compared to its average volume of 1,424,652. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $174.80. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The stock's 50 day moving average price is $145.03 and its 200 day moving average price is $146.89. The firm has a market cap of $18.16 billion, a P/E ratio of 16.22, a P/E/G ratio of 1.65 and a beta of 1.11.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same period last year, the company earned $1.68 EPS. Jabil's revenue for the quarter was down .6% compared to the same quarter last year. On average, research analysts predict that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be issued a dividend of $0.08 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.19%. Jabil's dividend payout ratio 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).