Jabil Inc. (NYSE:JBL) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank trimmed its holdings in Jabil Inc. (NYSE:JBL - Free Report) by 9.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 38,149 shares of the technology company's stock after selling 3,757 shares during the period. Toronto Dominion Bank's holdings in Jabil were worth $5,490,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its stake in Jabil by 70,781.4% in the 4th 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 during the last quarter. FMR LLC boosted its stake in Jabil by 8.1% in the 4th quarter. FMR LLC now owns 5,533,149 shares of the technology company's stock worth $796,220,000 after buying an additional 416,841 shares during the last quarter. Geode Capital Management LLC boosted its stake in 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 buying an additional 34,574 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Jabil by 18.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,877,599 shares of the technology company's stock worth $270,187,000 after buying an additional 288,806 shares during the last quarter. Finally, Norges Bank acquired a new stake in Jabil in the 4th quarter worth about $218,430,000. 93.39% of the stock is owned by institutional investors and hedge funds.

Jabil Stock Up 2.5%

JBL stock traded up $4.19 during midday trading on Tuesday, hitting $169.57. 129,429 shares of the company's stock were exchanged, compared to its average volume of 1,421,844. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. The firm has a 50 day moving average price of $145.03 and a 200-day moving average price of $146.89. The stock has a market capitalization of $18.20 billion, a price-to-earnings ratio of 16.26, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings data 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. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same period in the previous year, the business earned $1.68 EPS. Jabil's revenue for the quarter was down .6% compared to the same quarter last year. On average, analysts anticipate that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be issued 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 dividend payout ratio is presently 7.66%.

Insiders Place Their Bets

In related news, Chairman Mark T. Mondello sold 20,000 shares of the business'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 transaction of $2,631,200.00. Following the completion of the transaction, the chairman now owns 1,730,192 shares in the company, valued at $227,624,059.52. The trade was a 1.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Dastoor sold 10,000 shares of the business'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 transaction, the chief executive officer now owns 221,693 shares of the company's stock, valued at $37,665,640.70. This 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 company insiders.

Wall Street Analysts Forecast Growth

JBL has been the topic of several research analyst reports. Barclays lifted their price objective on Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. reduced their price target on Jabil from $175.00 to $154.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Wall Street Zen raised Jabil from a "hold" rating to a "buy" rating in a research report on Monday, May 19th. UBS Group boosted their price target on Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Finally, The Goldman Sachs Group reduced their price target on Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $158.50.

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).