Jabil Inc. (NYSE:JBL) Stake Reduced by Axa S.A.

Axa S.A. cut its stake in Jabil Inc. (NYSE:JBL) by 12.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,459 shares of the technology company’s stock after selling 484 shares during the period. Axa S.A.’s holdings in Jabil were worth $376,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on JBL shares. UBS Group cut their target price on Jabil from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Friday, June 21st. Stifel Nicolaus lifted their price objective on shares of Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. decreased their target price on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Bank of America boosted their price target on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Barclays increased their price objective on shares of Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $145.86.

Jabil Stock Performance

NYSE:JBL opened at $119.16 on Wednesday. The company has a 50-day moving average of $107.69 and a 200-day moving average of $116.04. The firm has a market cap of $13.52 billion, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 2.23 and a beta of 1.25. The company has a current ratio of 1.13, a quick ratio of 0.74 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.

Jabil (NYSE:JBL) last issued its earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.08. The firm had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.59 billion. Jabil had a net margin of 4.63% and a return on equity of 40.30%. The firm’s revenue for the quarter was down 17.7% compared to the same quarter last year. During the same period last year, the firm posted $2.34 earnings per share. Analysts forecast that Jabil Inc. will post 7.85 earnings per share for the current fiscal year.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date was Thursday, August 15th. Jabil’s dividend payout ratio (DPR) is presently 2.91%.

Insider Activity

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

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).