Marks Group Wealth Management Inc purchased a new position in shares of Jabil, Inc. (NYSE:JBL – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,477 shares of the technology company’s stock, valued at approximately $2,927,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Integrated Wealth Concepts LLC raised its holdings in shares of Jabil by 34.4% during the first quarter. Integrated Wealth Concepts LLC now owns 2,811 shares of the technology company’s stock valued at $382,000 after acquiring an additional 720 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Jabil by 70.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,320 shares of the technology company’s stock worth $2,493,000 after purchasing an additional 7,602 shares in the last quarter. Focus Partners Wealth raised its stake in Jabil by 20.0% in the 1st quarter. Focus Partners Wealth now owns 4,967 shares of the technology company’s stock valued at $676,000 after purchasing an additional 829 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Jabil by 50.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 582 shares of the technology company’s stock valued at $79,000 after purchasing an additional 194 shares in the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new stake in Jabil during the 2nd quarter worth $240,000. 93.39% of the stock is owned by hedge funds and other institutional investors.
Jabil Stock Up 3.4%
Shares of NYSE JBL opened at $271.42 on Monday. The company has a 50 day simple moving average of $240.69 and a 200-day simple moving average of $222.07. The company has a market capitalization of $28.66 billion, a P/E ratio of 42.21, a P/E/G ratio of 1.73 and a beta of 1.24. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.99 and a quick ratio of 0.67. Jabil, Inc. has a 1 year low of $108.66 and a 1 year high of $277.87.
Jabil Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be given a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. Jabil’s dividend payout ratio is presently 4.98%.
Analyst Ratings Changes
A number of brokerages have recently commented on JBL. UBS Group increased their target price on shares of Jabil from $239.00 to $244.00 and gave the company a “neutral” rating in a research report on Thursday, December 18th. Bank of America set a $265.00 target price on shares of Jabil in a research note on Thursday, December 18th. The Goldman Sachs Group restated a “buy” rating and set a $282.00 target price on shares of Jabil in a report on Thursday, January 15th. Barclays increased their price target on Jabil from $267.00 to $283.00 and gave the company an “overweight” rating in a report on Thursday, December 18th. Finally, Wall Street Zen downgraded Jabil from a “strong-buy” rating to a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Jabil has a consensus rating of “Moderate Buy” and a consensus target price of $264.14.
Read Our Latest Research Report on JBL
Insider Activity at Jabil
In other Jabil news, EVP Frederic E. Mccoy sold 22,011 shares of Jabil stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $224.93, for a total transaction of $4,950,934.23. Following the completion of the sale, the executive vice president directly owned 100,376 shares in the company, valued at $22,577,573.68. This trade represents a 17.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Steven D. Borges sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $235.00, for a total transaction of $2,350,000.00. Following the completion of the transaction, the executive vice president owned 90,524 shares in the company, valued at approximately $21,273,140. This represents a 9.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 181,529 shares of company stock worth $42,145,485. 1.35% of the stock is owned by corporate insiders.
Jabil Profile
Jabil Inc (NYSE: JBL) is a global manufacturing solutions provider specializing in electronic manufacturing services (EMS) and diversified products across a wide range of industries. The company partners with original equipment manufacturers to deliver design engineering, supply chain management, precision manufacturing, and aftermarket services. Jabil’s expertise spans sectors such as healthcare, automotive, clean technology, telecommunications, consumer electronics, and packaging, enabling it to support both high-volume production and complex, mission-critical applications.
Founded in 1966 by William E.
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