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

EverSource Wealth Advisors LLC lessened its stake in Jabil Inc. (NYSE:JBL) by 9.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 7,476 shares of the technology company’s stock after selling 754 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Jabil were worth $842,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Wells Fargo & Company MN increased its position in shares of Jabil by 13.0% in the 4th quarter. Wells Fargo & Company MN now owns 154,314 shares of the technology company’s stock valued at $19,660,000 after purchasing an additional 17,766 shares during the last quarter. Quest Partners LLC acquired a new stake in Jabil in the fourth quarter valued at $212,000. Franklin Resources Inc. raised its stake in Jabil by 23.5% in the fourth quarter. Franklin Resources Inc. now owns 224,697 shares of the technology company’s stock valued at $28,626,000 after buying an additional 42,696 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Jabil by 3.7% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 15,874 shares of the technology company’s stock worth $2,022,000 after acquiring an additional 563 shares in the last quarter. Finally, US Bancorp DE boosted its position in shares of Jabil by 40.9% during the 4th quarter. US Bancorp DE now owns 14,387 shares of the technology company’s stock worth $1,833,000 after acquiring an additional 4,176 shares in the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Jabil Trading Down 0.8 %

NYSE JBL opened at $113.01 on Tuesday. Jabil Inc. has a one year low of $95.85 and a one year high of $156.94. The firm has a market cap of $12.82 billion, a PE ratio of 10.28, a P/E/G ratio of 1.75 and a beta of 1.25. The firm’s fifty day moving average is $107.03 and its two-hundred day moving average is $117.13. 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 Dividend Announcement

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

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. UBS Group lowered their target price on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, June 21st. Stifel Nicolaus cut their price target on shares of Jabil from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, September 17th. Bank of America decreased their price objective on shares of Jabil from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Friday, June 21st. Finally, Barclays dropped their price objective on Jabil from $149.00 to $135.00 and set an “overweight” rating on the stock in a report on Friday, June 21st. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Jabil currently has an average rating of “Moderate Buy” and a consensus price target of $139.88.

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).