State of Wyoming Has $514,000 Stock Holdings in Jabil Inc. (NYSE:JBL)

State of Wyoming lifted its stake in shares of Jabil Inc. (NYSE:JBL - Free Report) by 90.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,571 shares of the technology company's stock after purchasing an additional 1,698 shares during the period. State of Wyoming's holdings in Jabil were worth $514,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in shares of Jabil by 70,781.4% during the fourth quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company's stock valued at $835,876,000 after buying an additional 5,800,535 shares in the last quarter. Norges Bank purchased a new position in shares of Jabil during the fourth quarter valued at $218,430,000. Point72 Asset Management L.P. grew its holdings in shares of Jabil by 1,007.6% during the fourth quarter. Point72 Asset Management L.P. now owns 965,629 shares of the technology company's stock valued at $138,954,000 after buying an additional 878,444 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Jabil by 16,190.6% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 552,740 shares of the technology company's stock valued at $79,539,000 after buying an additional 549,347 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of 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 buying an additional 416,841 shares in the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Jabil Stock Performance

JBL opened at $167.21 on Tuesday. The company has a market cap of $17.95 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11. The stock has a 50-day moving average of $142.05 and a 200-day moving average of $145.76. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $174.80. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06.

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 (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.11. The company had revenue of $6.73 billion during 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%. The firm's revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.68 EPS. As a group, equities 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 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. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.32 annualized dividend and a yield of 0.19%. Jabil's payout ratio is 7.66%.

Wall Street Analyst Weigh In

JBL has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered their price target on Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. lowered 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. StockNews.com upgraded Jabil from a "hold" rating to a "buy" rating in a research note on Monday. Barclays boosted their target price on Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. Finally, UBS Group boosted 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. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $158.50.

Insider Activity at Jabil

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of the company's 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 transaction, the chairman now owns 1,730,192 shares of the company's stock, valued at $227,624,059.52. This represents a 1.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael Dastoor sold 10,000 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 221,693 shares of the company's stock, valued at approximately $37,665,640.70. This trade represents a 4.32% decrease in their position. The disclosure for this sale can be found here. 1.73% of the stock is owned by corporate insiders.

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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