Jabil Inc. (NYSE:JBL) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. trimmed its stake in shares of Jabil Inc. (NYSE:JBL - Free Report) by 26.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 74,558 shares of the technology company's stock after selling 26,785 shares during the quarter. Raymond James Financial Services Advisors Inc. owned 0.06% of Jabil worth $9,499,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JBL. JPMorgan Chase & Co. grew its position in Jabil by 71.2% during the first quarter. JPMorgan Chase & Co. now owns 6,232,495 shares of the technology company's stock worth $549,457,000 after buying an additional 2,591,893 shares in the last quarter. Norges Bank purchased a new position in shares of Jabil in the 4th quarter worth about $102,656,000. FMR LLC boosted its holdings in Jabil by 15.9% during the 3rd quarter. FMR LLC now owns 10,525,084 shares of the technology company's stock valued at $1,335,528,000 after acquiring an additional 1,440,857 shares during the period. Invesco Ltd. raised its position in Jabil by 230.6% during the 1st quarter. Invesco Ltd. now owns 1,863,230 shares of the technology company's stock valued at $115,018,000 after purchasing an additional 1,299,593 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Jabil by 1,610.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,198,451 shares of the technology company's stock valued at $6,215,000 after purchasing an additional 1,128,393 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors.

Jabil Stock Down 1.1 %

JBL traded down $1.46 during trading on Tuesday, hitting $134.15. 1,184,868 shares of the company's stock traded hands, compared to its average volume of 1,390,523. The company's 50 day simple moving average is $136.55 and its two-hundred day simple moving average is $129.20. The company has a current ratio of 1.12, a quick ratio of 0.73 and a debt-to-equity ratio of 1.13. Jabil Inc. has a 12-month low of $75.48 and a 12-month high of $156.94. The stock has a market capitalization of $17.11 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 1.43 and a beta of 1.40.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Thursday, February 15th were paid a $0.08 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. Jabil's dividend payout ratio (DPR) is currently 2.75%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Barclays lowered their price target on Jabil from $151.00 to $149.00 and set an "overweight" rating for the company in a research report on Monday, March 18th. The Goldman Sachs Group upped their price target on Jabil from $141.00 to $161.00 and gave the company a "buy" rating in a research report on Monday, March 4th. Stifel Nicolaus upped their price target on Jabil from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, December 15th. Argus lowered Jabil from a "buy" rating to a "hold" rating in a research report on Tuesday, March 19th. Finally, StockNews.com lowered Jabil from a "buy" rating to a "hold" rating in a research report on Tuesday, March 26th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Jabil presently has an average rating of "Moderate Buy" and a consensus price target of $144.50.

Insider Transactions at Jabil

In other news, Chairman Mark T. Mondello sold 50,000 shares of the firm's stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $126.09, for a total value of $6,304,500.00. Following the transaction, the chairman now directly owns 1,809,194 shares in the company, valued at approximately $228,121,271.46. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Steven D. Borges sold 14,175 shares of the firm's stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $1,842,750.00. Following the transaction, the chief executive officer now directly owns 103,086 shares of the company's stock, valued at approximately $13,401,180. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Mark T. Mondello sold 50,000 shares of the firm's stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $126.09, for a total value of $6,304,500.00. Following the completion of the transaction, the chairman now directly owns 1,809,194 shares in the company, valued at $228,121,271.46. The disclosure for this sale can be found here. Insiders have sold a total of 105,658 shares of company stock worth $13,316,271 in the last ninety days. Insiders own 2.62% of the company's stock.

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).