Hancock Whitney Corp Sells 8,259 Shares of Jabil Inc. (NYSE:JBL)

Hancock Whitney Corp decreased its position in Jabil Inc. (NYSE:JBL) by 5.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 152,634 shares of the technology company’s stock after selling 8,259 shares during the period. Hancock Whitney Corp owned 0.13% of Jabil worth $16,605,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JBL. Benjamin Edwards Inc. bought a new position in shares of Jabil in the 1st quarter valued at about $25,000. HHM Wealth Advisors LLC acquired a new position in Jabil in the second quarter valued at approximately $28,000. ORG Partners LLC bought a new position in Jabil in the first quarter valued at approximately $29,000. Innealta Capital LLC acquired a new stake in Jabil during the 2nd quarter worth $31,000. Finally, Riverview Trust Co bought a new stake in shares of Jabil during the 1st quarter valued at $33,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Jabil Stock Up 2.8 %

Jabil stock opened at $113.96 on Friday. The company has a 50 day moving average of $107.08 and a 200-day moving average of $117.90. The company has a quick ratio of 0.74, a current ratio of 1.13 and a debt-to-equity ratio of 1.26. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $156.94. The stock has a market capitalization of $12.93 billion, a PE ratio of 10.37, a price-to-earnings-growth ratio of 1.75 and a beta of 1.25.

Jabil (NYSE:JBL) last released its earnings results on Thursday, June 20th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. The firm had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.53 billion. Jabil had a return on equity of 40.30% and a net margin of 4.63%. The company’s revenue was down 20.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.85 EPS. On average, equities research analysts anticipate that Jabil Inc. will post 7.86 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.28%. The ex-dividend date was Thursday, August 15th. Jabil’s payout ratio is 2.91%.

Insiders Place Their Bets

In other news, SVP May Yee Yap sold 4,274 shares of Jabil stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $117.04, for a total value of $500,228.96. Following the sale, the senior vice president now directly owns 24,829 shares in the company, valued at $2,905,986.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP May Yee Yap sold 4,274 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $117.04, for a total value of $500,228.96. Following the completion of the transaction, the senior vice president now owns 24,829 shares in the company, valued at approximately $2,905,986.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Frederic E. Mccoy sold 1,250 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $116.42, for a total value of $145,525.00. Following the sale, the executive vice president now owns 112,753 shares in the company, valued at approximately $13,126,704.26. The disclosure for this sale can be found here. Insiders own 2.62% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on JBL shares. JPMorgan Chase & Co. reduced their price target on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. Barclays decreased their target price on Jabil from $149.00 to $135.00 and set an “overweight” rating for the company in a research report on Friday, June 21st. UBS Group cut their price target on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday, June 21st. Stifel Nicolaus decreased their price objective on shares of Jabil from $135.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Bank of America cut their target price on shares of Jabil from $150.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, June 21st. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.88.

Jabil 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).