Jabil Inc. (NYSE:JBL) Holdings Increased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its position in Jabil Inc. (NYSE:JBL - Free Report) by 68.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,318 shares of the technology company's stock after buying an additional 9,039 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Jabil were worth $3,212,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Truist Financial Corp boosted its position in shares of Jabil by 50.4% during the 4th quarter. Truist Financial Corp now owns 12,037 shares of the technology company's stock worth $1,732,000 after purchasing an additional 4,034 shares in the last quarter. Keybank National Association OH acquired a new position in shares of Jabil during the 4th quarter worth $214,000. Principal Financial Group Inc. raised its stake in shares of Jabil by 4.4% during the 4th quarter. Principal Financial Group Inc. now owns 143,266 shares of the technology company's stock worth $20,616,000 after buying an additional 5,993 shares during the last quarter. Apollon Wealth Management LLC acquired a new position in shares of Jabil during the 4th quarter worth $272,000. Finally, LPL Financial LLC raised its stake in shares of Jabil by 23.5% during the 4th quarter. LPL Financial LLC now owns 40,748 shares of the technology company's stock worth $5,864,000 after buying an additional 7,747 shares during the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Jabil news, CEO Michael Dastoor sold 10,000 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $169.90, for a total transaction of $1,699,000.00. Following the transaction, the chief executive officer now directly owns 221,693 shares in the company, valued at $37,665,640.70. This represents a 4.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Mark T. Mondello sold 20,000 shares of the business's stock in a transaction dated 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 sale, the chairman now directly owns 1,730,192 shares of the company's stock, valued at $227,624,059.52. The trade was a 1.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,000 shares of company stock worth $7,665,200 over the last ninety days. 1.73% of the stock is owned by company insiders.

Jabil Trading Up 0.5%

Shares of Jabil stock traded up $0.77 during trading hours on Thursday, reaching $172.74. 912,017 shares of the company's stock were exchanged, compared to its average volume of 1,424,011. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $174.80. The company has a fifty day moving average of $148.62 and a 200-day moving average of $148.51. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $18.54 billion, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 1.65 and a beta of 1.14.

Jabil (NYSE:JBL - Get Free Report) last released its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.11. The firm had revenue of $6.73 billion for 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 for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.68 earnings per share. Sell-side analysts forecast that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.19%. Jabil's dividend payout ratio (DPR) is 7.66%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on JBL shares. The Goldman Sachs Group cut their price target on Jabil from $175.00 to $146.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Barclays lifted their price target on Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. cut their price target on Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Wall Street Zen raised Jabil from a "hold" rating to a "buy" rating in a research note on Monday, May 19th. Finally, UBS Group lifted their price target on Jabil from $152.00 to $157.00 and gave the stock 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 given a buy rating to the company. According to data from MarketBeat, Jabil presently has an average rating of "Moderate Buy" and an average price target 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).