 Koss Olinger Consulting LLC decreased its position in shares of  Jabil, Inc. (NYSE:JBL – Free Report) by 2.1% in the second quarter, Holdings Channel reports. The fund owned 2,364 shares of the technology company’s stock after selling 50 shares during the period. Koss Olinger Consulting LLC’s holdings in Jabil were worth $516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Koss Olinger Consulting LLC decreased its position in shares of  Jabil, Inc. (NYSE:JBL – Free Report) by 2.1% in the second quarter, Holdings Channel reports. The fund owned 2,364 shares of the technology company’s stock after selling 50 shares during the period. Koss Olinger Consulting LLC’s holdings in Jabil were worth $516,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 
Other institutional investors and hedge funds have also recently bought and sold shares of the company. GFG Capital LLC acquired a new position in Jabil during the 2nd quarter worth $26,000. Creative Financial Designs Inc. ADV acquired a new position in shares of Jabil during the first quarter valued at about $27,000. Groupe la Francaise raised its position in shares of Jabil by 35.2% during the first quarter. Groupe la Francaise now owns 246 shares of the technology company’s stock valued at $34,000 after buying an additional 64 shares during the last quarter. Golden State Wealth Management LLC raised its position in shares of Jabil by 2,400.0% during the first quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company’s stock valued at $37,000 after buying an additional 264 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new position in shares of Jabil during the first quarter valued at about $52,000. Institutional investors and hedge funds own 93.39% of the company’s stock.
Jabil Stock Performance
NYSE:JBL opened at $211.25 on Tuesday. Jabil, Inc. has a 12-month low of $108.66 and a 12-month high of $237.14. The company has a quick ratio of 0.66, a current ratio of 1.00 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $22.57 billion, a PE ratio of 35.44, a price-to-earnings-growth ratio of 1.51 and a beta of 1.26. The firm has a 50-day moving average price of $210.00 and a 200 day moving average price of $195.29.
Jabil Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. Jabil’s dividend payout ratio (DPR) is presently 5.37%.
Analyst Upgrades and Downgrades
JBL has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Jabil from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 3rd. JPMorgan Chase & Co. upped their price objective on shares of Jabil from $214.00 to $256.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jabil in a research report on Tuesday, October 14th. Zacks Research lowered shares of Jabil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. Finally, Bank of America increased their price target on shares of Jabil from $245.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Jabil currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.43.
Get Our Latest Stock Analysis on Jabil
Insider Activity at Jabil
In other news, EVP Matthew Crowley sold 3,877 shares of the firm’s stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $202.59, for a total transaction of $785,441.43. Following the completion of the sale, the executive vice president owned 58,736 shares of the company’s stock, valued at approximately $11,899,326.24. This trade represents a 6.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Mark T. Mondello sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, October 17th. The stock was sold at an average price of $207.77, for a total transaction of $8,310,800.00. Following the sale, the chairman directly owned 1,258,942 shares of the company’s stock, valued at approximately $261,570,379.34. The trade was a 3.08% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 106,533 shares of company stock valued at $22,336,025. Company 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).
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