Jabil, Inc. (NYSE:JBL) SVP May Yee Yap Sells 6,787 Shares

Jabil, Inc. (NYSE:JBL - Get Free Report) SVP May Yee Yap sold 6,787 shares of Jabil stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $206.00, for a total value of $1,398,122.00. Following the completion of the transaction, the senior vice president now directly owns 25,582 shares in the company, valued at approximately $5,269,892. This represents a 20.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Jabil Trading Up 0.5%

JBL traded up $1.06 during trading on Friday, hitting $205.72. The company's stock had a trading volume of 3,050,936 shares, compared to its average volume of 1,447,413. Jabil, Inc. has a twelve month low of $95.85 and a twelve month high of $208.57. The company has a quick ratio of 0.66, a current ratio of 0.98 and a debt-to-equity ratio of 1.85. The stock's fifty day moving average price is $160.72 and its 200-day moving average price is $152.47. The firm has a market capitalization of $22.08 billion, a P/E ratio of 39.95, a PEG ratio of 1.97 and a beta of 1.14.

Jabil (NYSE:JBL - Get Free Report) last issued its quarterly earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.27. Jabil had a return on equity of 60.19% and a net margin of 2.02%. The firm had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.03 billion. During the same period in the previous year, the firm earned $1.89 earnings per share. The company's revenue was up 15.7% compared to the same quarter last year. Analysts anticipate that Jabil, Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date was Thursday, May 15th. Jabil's payout ratio is 6.21%.

Hedge Funds Weigh In On Jabil

A number of institutional investors have recently modified their holdings of JBL. SBI Securities Co. Ltd. acquired a new position in shares of Jabil during the fourth quarter worth approximately $27,000. Creative Financial Designs Inc. ADV acquired a new position in shares of Jabil during the first quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Jabil during the fourth quarter worth approximately $29,000. Harbor Capital Advisors Inc. raised its position in shares of Jabil by 110.5% during the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock worth $30,000 after purchasing an additional 116 shares during the period. Finally, Groupe la Francaise raised its position in shares of Jabil by 35.2% during the first quarter. Groupe la Francaise now owns 246 shares of the technology company's stock worth $34,000 after purchasing an additional 64 shares during the period. 93.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $230.00 price objective (up from $170.00) on shares of Jabil in a research note on Wednesday. UBS Group lifted their price objective on Jabil from $157.00 to $208.00 and gave the stock a "neutral" rating in a research note on Wednesday. Argus raised Jabil from a "hold" rating to a "buy" rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their price objective on Jabil from $180.00 to $214.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Bank of America boosted their price target on Jabil from $225.00 to $245.00 and gave the company a "buy" rating in a research note on Friday. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $213.57.

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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