Jabil Inc. (NYSE:JBL) Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC trimmed its holdings in Jabil Inc. (NYSE:JBL) by 36.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,707 shares of the technology company’s stock after selling 1,560 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Jabil were worth $363,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Alaska Permanent Fund Corp acquired a new stake in Jabil in the fourth quarter valued at $29,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of Jabil in the 4th quarter valued at about $32,000. Riverview Trust Co bought a new position in shares of Jabil during the first quarter worth about $33,000. CVA Family Office LLC acquired a new position in Jabil in the fourth quarter worth about $36,000. Finally, Valley National Advisers Inc. bought a new stake in Jabil in the fourth quarter valued at about $36,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Jabil Trading Down 3.8 %

Shares of JBL stock opened at $107.92 on Friday. The firm has a market capitalization of $13.01 billion, a PE ratio of 9.82, a price-to-earnings-growth ratio of 2.05 and a beta of 1.35. The stock has a fifty day moving average of $117.63 and a two-hundred day moving average of $127.84. Jabil Inc. has a 1 year low of $100.18 and a 1 year high of $156.94. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.74 and a current ratio of 1.13.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Thursday, June 20th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. Jabil had a return on equity of 40.30% and a net margin of 4.63%. The firm had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.53 billion. During the same period last year, the company posted $1.85 EPS. The firm’s quarterly revenue was down 20.2% on a year-over-year basis. As a group, research analysts expect that Jabil Inc. will post 7.82 EPS for the current year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.30%. The ex-dividend date was Tuesday, May 14th. Jabil’s dividend payout ratio is presently 2.91%.

Insider Activity at Jabil

In other Jabil news, CEO Kenneth S. Wilson sold 15,000 shares of Jabil stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the transaction, the chief executive officer now directly owns 339,725 shares in the company, valued at approximately $45,591,095. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Jabil news, CEO Kenneth S. Wilson sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $134.20, for a total value of $2,013,000.00. Following the transaction, the chief executive officer now owns 339,725 shares in the company, valued at approximately $45,591,095. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP May Yee Yap sold 7,877 shares of the company’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the completion of the transaction, the senior vice president now directly owns 29,006 shares in the company, valued at $4,050,687.90. The disclosure for this sale can be found here. Insiders sold 25,877 shares of company stock worth $3,519,883 in the last quarter. 2.62% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have commented on the company. UBS Group reduced their target price on Jabil from $130.00 to $120.00 and set a “neutral” rating on the stock in a report on Friday, June 21st. The Goldman Sachs Group increased their target price on shares of Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a report on Monday, March 4th. StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Bank of America dropped their price objective on shares of Jabil from $150.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, June 21st. Finally, Argus downgraded Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Jabil presently has an average rating of “Moderate Buy” and a consensus price target of $142.63.

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).