Jabil Inc. (NYSE:JBL) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp reduced its stake in Jabil Inc. (NYSE:JBL - Free Report) by 5.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,239 shares of the technology company's stock after selling 2,229 shares during the period. Hancock Whitney Corp's holdings in Jabil were worth $5,647,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in shares of Jabil in the 4th quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Jabil during the fourth quarter worth $29,000. Millstone Evans Group LLC purchased a new position in shares of Jabil during the fourth quarter worth $37,000. First Horizon Advisors Inc. raised its holdings in shares of Jabil by 90.3% in the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock valued at $39,000 after buying an additional 130 shares during the period. Finally, GHP Investment Advisors Inc. acquired a new stake in shares of Jabil during the fourth quarter worth about $43,000. Institutional investors and hedge funds own 93.39% of the company's stock.

Jabil Price Performance

Shares of Jabil stock traded up $0.11 during trading on Tuesday, reaching $146.48. The company's stock had a trading volume of 215,743 shares, compared to its average volume of 1,438,851. The business has a 50 day moving average price of $139.46 and a 200-day moving average price of $142.41. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. The company has a market capitalization of $15.72 billion, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.11. The business had revenue of $6.73 billion for the quarter, compared to analysts' expectations of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business's revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the company posted $1.68 EPS. As a group, sell-side analysts anticipate that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The business 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 $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend is Thursday, May 15th. Jabil's payout ratio is currently 7.66%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. StockNews.com downgraded Jabil from a "buy" rating to a "hold" rating in a report on Friday, April 18th. UBS Group increased their price target on shares of Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Barclays lifted their price objective on shares of Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. Finally, The Goldman Sachs Group lowered their target price on Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $158.50.

Insider Buying and Selling at Jabil

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of Jabil stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $131.56, for a total value 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 approximately $227,624,059.52. The trade was a 1.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christopher S. Holland sold 3,400 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $162.27, for a total value of $551,718.00. Following the transaction, the director now directly owns 12,900 shares in the company, valued at approximately $2,093,283. This represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. 1.73% of the stock is owned by 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).