6,797 Shares in Jabil Inc. (NYSE:JBL) Bought by Peak Retirement Planning Inc.

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

A number of other large investors have also recently made changes to their positions in JBL. Wellington Management Group LLP lifted its holdings in shares of Jabil by 70,781.4% in the fourth quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company's stock worth $835,876,000 after buying an additional 5,800,535 shares in the last quarter. FMR LLC raised its stake in Jabil by 8.1% during the fourth quarter. FMR LLC now owns 5,533,149 shares of the technology company's stock valued at $796,220,000 after purchasing an additional 416,841 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Jabil by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 2,810,519 shares of the technology company's stock worth $404,024,000 after purchasing an additional 34,574 shares during the period. JPMorgan Chase & Co. increased its position in Jabil by 18.2% during the fourth quarter. JPMorgan Chase & Co. now owns 1,877,599 shares of the technology company's stock valued at $270,187,000 after acquiring an additional 288,806 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Jabil during the 4th quarter worth approximately $218,430,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Jabil news, CEO Michael Dastoor sold 10,000 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $169.90, for a total transaction of $1,699,000.00. Following the completion of the transaction, the chief executive officer now owns 221,693 shares in the company, valued at approximately $37,665,640.70. This represents a 4.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Mark T. Mondello sold 20,000 shares of the firm's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the completion of the sale, the chairman now owns 1,730,192 shares of the company's stock, valued at approximately $227,624,059.52. The trade was a 1.14% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group lowered their price objective on shares of Jabil from $175.00 to $146.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. JPMorgan Chase & Co. cut their price target on Jabil from $175.00 to $154.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. UBS Group lifted their target price 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 objective on shares of Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research report on Friday, March 21st. Finally, Wall Street Zen raised shares of Jabil from a "hold" rating to a "buy" rating in a research report on Monday, May 19th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $158.50.

Jabil Trading Up 0.3%

Jabil stock traded up $0.45 during trading on Thursday, hitting $168.19. The company had a trading volume of 324,513 shares, compared to its average volume of 1,419,655. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The company's 50 day simple moving average is $145.99 and its 200-day simple moving average is $147.19. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $174.80. The stock has a market cap of $18.05 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11.

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

Jabil Dividend Announcement

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

Jabil Company 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).