Raymond James Financial Inc. Cuts Stock Holdings in Jabil, Inc. $JBL

Key Points

• Raymond James Financial Inc. reduced its stake in Jabil, Inc. by selling 2,781 shares, and now holds 298,209 shares valued at approximately $40.58 million.
• The company's recent earnings report showed a 15.7% year-over-year increase in revenue, totaling $7.83 billion, and the earnings per share of $2.55 exceeded expectations.
• Jabil announced a $0.08 per share dividend with a yield of 14.0%, set to be paid to investors on September 3rd.

Raymond James Financial Inc. trimmed its position in Jabil, Inc. (NYSE:JBL - Free Report) by 0.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 298,209 shares of the technology company's stock after selling 2,781 shares during the quarter. Raymond James Financial Inc. owned 0.28% of Jabil worth $40,577,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Financial Designs Inc. ADV purchased a new stake in shares of Jabil in the 1st quarter worth approximately $27,000. Harbor Capital Advisors Inc. raised its stake in Jabil by 110.5% in the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock worth $30,000 after buying an additional 116 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in Jabil by 2,400.0% during the first quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company's stock worth $37,000 after buying an additional 264 shares during the period. True Wealth Design LLC boosted its position in Jabil by 3,411.1% during the 4th quarter. True Wealth Design LLC now owns 316 shares of the technology company's stock valued at $45,000 after acquiring an additional 307 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new stake in Jabil during the 1st quarter valued at $52,000. Institutional investors own 93.39% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on JBL shares. Bank of America lifted their target price on Jabil from $225.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, June 20th. JPMorgan Chase & Co. raised their price target on shares of Jabil from $214.00 to $256.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Stifel Nicolaus initiated coverage on shares of Jabil in a research report on Wednesday, July 2nd. They issued a "buy" rating and a $245.00 price objective on the stock. The Goldman Sachs Group boosted their price objective on shares of Jabil from $188.00 to $215.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th. Finally, Zacks Research downgraded shares of Jabil from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $231.71.

Insider Activity

In other Jabil news, Director Steven A. Raymund sold 15,955 shares of the stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $216.83, for a total transaction of $3,459,522.65. Following the sale, the director directly owned 99,828 shares of the company's stock, valued at approximately $21,645,705.24. This trade represents a 13.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steven D. Borges sold 22,443 shares of the business's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $200.01, for a total value of $4,488,824.43. Following the completion of the transaction, the executive vice president directly owned 102,803 shares of the company's stock, valued at approximately $20,561,628.03. This trade represents a 17.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 332,847 shares of company stock valued at $66,534,847 over the last quarter. Insiders own 1.73% of the company's stock.

Jabil Stock Performance

Shares of JBL stock traded up $1.17 during mid-day trading on Thursday, reaching $209.07. The stock had a trading volume of 346,952 shares, compared to its average volume of 1,408,742. Jabil, Inc. has a 1-year low of $99.67 and a 1-year high of $232.84. The firm has a market cap of $22.44 billion, a price-to-earnings ratio of 40.51, a PEG 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. The business's fifty day moving average is $218.25 and its 200-day moving average is $175.32.

Jabil (NYSE:JBL - Get Free Report) last issued its earnings results on Tuesday, June 17th. The technology company reported $2.55 EPS for the quarter, beating analysts' consensus estimates of $2.28 by $0.27. Jabil had a return on equity of 60.19% and a net margin of 2.02%.The firm had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.03 billion. During the same quarter in the prior year, the firm earned $1.89 earnings per share. Jabil'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. On average, research analysts forecast that Jabil, Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Friday, August 15th will be paid a $0.08 dividend. The ex-dividend date is Friday, August 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. Jabil's dividend payout ratio is presently 6.21%.

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).