Spire Wealth Management Has $331,000 Stock Holdings in Jabil, Inc. (NYSE:JBL)

Spire Wealth Management boosted its position in Jabil, Inc. (NYSE:JBL - Free Report) by 302.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,429 shares of the technology company's stock after buying an additional 1,826 shares during the period. Spire Wealth Management's holdings in Jabil were worth $331,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JBL. SBI Securities Co. Ltd. purchased a new stake in shares of Jabil in the fourth quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp bought a new position in Jabil during the 4th quarter valued at $29,000. Harbor Capital Advisors Inc. boosted its holdings in Jabil by 110.5% during the 1st quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock worth $30,000 after acquiring an additional 116 shares during the last quarter. Millstone Evans Group LLC bought a new stake in shares of Jabil in the 4th quarter worth $37,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Jabil by 113.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company's stock valued at $43,000 after purchasing an additional 158 shares during the last quarter. Institutional investors own 93.39% of the company's stock.

Insider Buying and Selling

In related news, SVP Adam E. Berry sold 4,233 shares of the business's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $200.36, for a total transaction of $848,123.88. Following the completion of the transaction, the senior vice president now directly owns 13,047 shares in the company, valued at $2,614,096.92. The trade was a 24.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anousheh Ansari sold 2,500 shares of the company's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $207.57, for a total value of $518,925.00. Following the completion of the transaction, the director now owns 37,400 shares in the company, valued at $7,763,118. This represents a 6.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 280,476 shares of company stock valued at $52,780,286. Company insiders own 1.73% of the company's stock.

Jabil Stock Up 0.9%

Shares of NYSE JBL opened at $217.32 on Monday. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.98 and a quick ratio of 0.64. The stock has a market capitalization of $23.33 billion, a PE ratio of 42.20, a P/E/G ratio of 1.52 and a beta of 1.14. Jabil, Inc. has a one year low of $95.85 and a one year high of $218.34. The business's fifty day moving average price is $170.08 and its 200-day moving average price is $155.97.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings data on Tuesday, June 17th. The technology company reported $2.55 EPS for the quarter, beating 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 business 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 earnings per share. The company's revenue was up 15.7% compared to the same quarter last year. On average, equities research analysts anticipate that Jabil, Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.32 annualized dividend and a yield of 0.15%. Jabil's dividend payout ratio is currently 6.21%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on JBL shares. Raymond James Financial restated a "strong-buy" rating and set a $230.00 price target (up from $170.00) on shares of Jabil in a report on Wednesday, June 18th. Barclays lifted their target price on shares of Jabil from $206.00 to $223.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. Argus raised Jabil from a "hold" rating to a "buy" rating in a report on Wednesday, June 18th. The Goldman Sachs Group lifted their price target on Jabil from $188.00 to $215.00 and gave the stock a "buy" rating in a report on Wednesday, June 18th. Finally, Bank of America raised their target price on Jabil from $225.00 to $245.00 and gave the company a "buy" rating in a research report on Friday, June 20th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Jabil currently has a consensus rating of "Buy" and a consensus price target of $213.57.

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).

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