Swiss National Bank Sells 5,400 Shares of Jabil, Inc. (NYSE:JBL)

Key Points

• Swiss National Bank reduced its stake in Jabil, Inc. by 1.7% in Q1, now holding 315,000 shares worth approximately $42.86 million.
• Jabil's stock has received positive analyst ratings, with target prices increased by JPMorgan Chase, Bank of America, and others, suggesting bullish sentiment.
• Jabil recently announced a $0.08 dividend, which is set to yield 14.0%, with a payout ratio of 6.21% as of the last quarter.

Swiss National Bank reduced its stake in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 1.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 315,000 shares of the technology company's stock after selling 5,400 shares during the quarter. Swiss National Bank owned about 0.29% of Jabil worth $42,862,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Cordatus Wealth Management LLC grew its holdings in Jabil by 2.9% during the first quarter. Cordatus Wealth Management LLC now owns 2,429 shares of the technology company's stock valued at $330,000 after purchasing an additional 68 shares during the period. AlphaCore Capital LLC grew its holdings in shares of Jabil by 2.4% in the 1st quarter. AlphaCore Capital LLC now owns 3,206 shares of the technology company's stock valued at $436,000 after buying an additional 76 shares during the period. Allworth Financial LP grew its holdings in shares of Jabil by 22.5% in the 1st quarter. Allworth Financial LP now owns 529 shares of the technology company's stock valued at $77,000 after buying an additional 97 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Jabil by 21.2% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 565 shares of the technology company's stock valued at $77,000 after buying an additional 99 shares during the period. Finally, Utah Retirement Systems grew its holdings in shares of Jabil by 0.5% in the 4th quarter. Utah Retirement Systems now owns 18,382 shares of the technology company's stock valued at $2,645,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 93.39% of the company's stock.

Jabil Stock Down 4.8%

Shares of NYSE:JBL traded down $11.13 during mid-day trading on Wednesday, reaching $219.18. 1,842,997 shares of the stock were exchanged, compared to its average volume of 1,234,701. The company has a quick ratio of 0.64, a current ratio of 0.98 and a debt-to-equity ratio of 1.85. The company has a market cap of $23.52 billion, a P/E ratio of 42.56, a P/E/G ratio of 1.61 and a beta of 1.20. Jabil, Inc. has a one year low of $99.67 and a one year high of $232.84. The stock's 50 day simple moving average is $212.70 and its 200-day simple moving average is $172.03.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings data on Tuesday, June 17th. The technology company reported $2.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.28 by $0.27. The business had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.03 billion. Jabil had a return on equity of 60.19% and a net margin of 2.02%. Jabil's quarterly revenue was up 15.7% on a year-over-year basis. During the same period last year, the company earned $1.89 earnings per share. As a group, equities research analysts predict that Jabil, Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, September 3rd. Investors of record on Monday, August 18th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a yield of 14.0%. Jabil's dividend payout ratio (DPR) is 6.21%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wall Street Zen cut Jabil from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Raymond James Financial reiterated a "strong-buy" rating and issued a $230.00 price objective (up from $170.00) on shares of Jabil in a research report on Wednesday, June 18th. Stifel Nicolaus began coverage on Jabil in a research note on Wednesday, July 2nd. They set a "buy" rating and a $245.00 target price for the company. Barclays increased their target price on Jabil from $206.00 to $223.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 17th. Finally, JPMorgan Chase & Co. increased their target price on Jabil from $214.00 to $256.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $231.71.

Insiders Place Their Bets

In other news, Chairman Mark T. Mondello sold 150,000 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $193.33, for a total value of $28,999,500.00. Following the completion of the transaction, the chairman owned 1,560,192 shares in the company, valued at $301,631,919.36. This trade represents a 8.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew Priestley sold 13,913 shares of the firm's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $203.17, for a total value of $2,826,704.21. Following the completion of the transaction, the executive vice president owned 53,528 shares of the company's stock, valued at $10,875,283.76. The trade was a 20.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 332,847 shares of company stock valued at $66,534,847 in the last quarter. Company insiders own 1.73% of the company's stock.

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).