MML Investors Services LLC Acquires 8,125 Shares of Jabil Inc. (NYSE:JBL)

MML Investors Services LLC raised its holdings in shares of Jabil Inc. (NYSE:JBL - Free Report) by 147.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,651 shares of the technology company's stock after acquiring an additional 8,125 shares during the quarter. MML Investors Services LLC's holdings in Jabil were worth $1,964,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in Jabil during the 4th quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Jabil during the fourth quarter valued at approximately $29,000. Millstone Evans Group LLC purchased a new position in shares of Jabil in the fourth quarter worth $37,000. First Horizon Advisors Inc. boosted its position in shares of Jabil by 90.3% during the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock worth $39,000 after acquiring an additional 130 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in Jabil by 113.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company's stock valued at $43,000 after acquiring an additional 158 shares in the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on JBL shares. JPMorgan Chase & Co. decreased their price target on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. The Goldman Sachs Group dropped 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. UBS Group raised their price target on Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a report on Friday, March 21st. StockNews.com cut Jabil from a "buy" rating to a "hold" rating in a report on Friday, April 18th. Finally, Barclays raised their target price on shares of Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a report on Friday, March 21st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $158.50.

Insider Buying and Selling

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of $131.56, for a total value of $2,631,200.00. Following the sale, the chairman now owns 1,730,192 shares in the company, valued at $227,624,059.52. This trade represents a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.73% of the stock is owned by corporate insiders.

Jabil Trading Up 1.9 %

NYSE:JBL traded up $2.74 during midday trading on Friday, hitting $150.32. 891,110 shares of the company traded hands, compared to its average volume of 1,458,207. The firm has a market capitalization of $16.14 billion, a P/E ratio of 14.41, a P/E/G ratio of 1.65 and a beta of 1.11. The firm's fifty day moving average is $138.38 and its 200-day moving average is $143.05. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. 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 (NYSE:JBL - Get Free Report) last announced its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.11. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter in the prior year, the firm posted $1.68 earnings per share. The business's revenue for the quarter was down .6% on a year-over-year basis. On average, sell-side analysts predict that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.21%. Jabil's payout ratio is 7.66%.

Jabil Company 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).