Wealthfront Advisers LLC purchased a new position in Jabil, Inc. (NYSE:JBL – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,564 shares of the technology company’s stock, valued at approximately $1,374,000.
Several other institutional investors and hedge funds have also made changes to their positions in JBL. Greenline Wealth Management LLC purchased a new stake in Jabil during the 4th quarter worth about $28,000. Veracity Capital LLC boosted its stake in shares of Jabil by 4,144.3% during the 4th quarter. Veracity Capital LLC now owns 3,735 shares of the technology company’s stock worth $31,000 after purchasing an additional 3,647 shares during the last quarter. Virtus Advisers LLC acquired a new stake in shares of Jabil during the 4th quarter worth about $32,000. DV Equities LLC purchased a new stake in shares of Jabil during the fourth quarter worth about $34,000. Finally, Wilkerson Advisory Group LLC acquired a new position in shares of Jabil in the fourth quarter valued at approximately $34,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.
Jabil Stock Down 1.2%
Shares of NYSE JBL opened at $312.91 on Friday. Jabil, Inc. has a 52-week low of $189.60 and a 52-week high of $428.93. The firm has a fifty day moving average of $340.28 and a 200-day moving average of $315.41. The stock has a market capitalization of $32.79 billion, a PE ratio of 39.06, a P/E/G ratio of 0.95 and a beta of 1.30. The company has a quick ratio of 0.66, a current ratio of 0.98 and a debt-to-equity ratio of 2.17.
Jabil Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Friday, August 14th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, August 14th. Jabil’s dividend payout ratio is 4.00%.
Wall Street Analyst Weigh In
Several analysts have commented on JBL shares. Barclays lifted their target price on shares of Jabil from $304.00 to $426.00 and gave the stock an “overweight” rating in a research note on Thursday, June 18th. The Goldman Sachs Group lifted their price objective on Jabil from $384.00 to $482.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Weiss Ratings downgraded Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, August 12th. Stifel Nicolaus set a $460.00 price target on Jabil and gave the stock a “buy” rating in a research note on Thursday, June 18th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Jabil from $395.00 to $450.00 and gave the company an “overweight” rating in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $453.67.
Read Our Latest Stock Report on JBL
Insider Transactions at Jabil
In related news, EVP Matthew Crowley sold 94 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $345.00, for a total value of $32,430.00. Following the transaction, the executive vice president owned 57,536 shares in the company, valued at approximately $19,849,920. This trade represents a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.35% of the company’s stock.
About Jabil
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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