Banco Bilbao Vizcaya Argentaria S.A. Sells 1,424 Shares of Jabil Inc. (NYSE:JBL)

Banco Bilbao Vizcaya Argentaria S.A. lowered its stake in Jabil Inc. (NYSE:JBL) by 11.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 10,974 shares of the technology company’s stock after selling 1,424 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Jabil were worth $1,582,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in Jabil in the 4th quarter worth $27,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Jabil in the fourth quarter worth about $29,000. Millstone Evans Group LLC purchased a new stake in shares of Jabil during the fourth quarter worth about $37,000. First Horizon Advisors Inc. raised its position in shares of Jabil by 90.3% during the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock valued at $39,000 after buying an additional 130 shares during the last quarter. Finally, GHP Investment Advisors Inc. bought a new position in shares of Jabil during the fourth quarter worth $43,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Jabil Stock Performance

NYSE JBL opened at $146.67 on Monday. The business’s 50 day moving average price is $139.91 and its 200-day moving average price is $142.25. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $174.80. The company has a market cap of $15.74 billion, a P/E ratio of 14.06, a P/E/G ratio of 1.65 and a beta of 1.12. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06.

Jabil (NYSE:JBL) last announced its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.11. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter in the prior year, the firm posted $1.68 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. Sell-side analysts predict that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.22%. Jabil’s dividend payout ratio (DPR) is presently 7.66%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. UBS Group lifted their price target on shares of Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, March 21st. The Goldman Sachs Group decreased their target price on Jabil from $175.00 to $146.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Barclays raised their price target on Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a report on Friday, March 21st. StockNews.com cut Jabil from a “buy” rating to a “hold” rating in a report on Friday, April 18th. Finally, JPMorgan Chase & Co. cut their target price on shares of Jabil from $175.00 to $154.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $158.50.

Insider Activity

In related news, Director Christopher S. Holland sold 3,400 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $162.27, for a total value of $551,718.00. Following the transaction, the director now owns 12,900 shares of the company’s stock, valued at $2,093,283. This trade represents a 20.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Mark T. Mondello sold 20,000 shares of the business’s stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the completion of the sale, the chairman now directly owns 1,730,192 shares of the company’s stock, valued at approximately $227,624,059.52. This trade represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.73% of the company’s stock.

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).