Western Wealth Management LLC acquired a new position in shares of Jabil, Inc. (NYSE:JBL – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,511 shares of the technology company’s stock, valued at approximately $1,739,000.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Rakuten Securities Inc. purchased a new stake in Jabil in the second quarter valued at approximately $25,000. Bell Investment Advisors Inc purchased a new position in shares of Jabil during the second quarter worth $35,000. Persistent Asset Partners Ltd acquired a new stake in shares of Jabil in the second quarter valued at $45,000. Jones Financial Companies Lllp purchased a new stake in shares of Jabil in the 2nd quarter valued at $46,000. Finally, Greenline Wealth Management LLC purchased a new stake in shares of Jabil in the 4th quarter valued at $28,000. Institutional investors and hedge funds own 93.39% of the company’s stock.
Jabil Stock Up 1.4%
Jabil stock opened at $309.05 on Wednesday. The stock has a market cap of $32.38 billion, a PE ratio of 38.58, a P/E/G ratio of 0.91 and a beta of 1.30. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.98 and a quick ratio of 0.66. The stock’s fifty day moving average is $337.34 and its two-hundred day moving average is $316.85. Jabil, Inc. has a 1-year low of $189.60 and a 1-year high of $428.93.
Jabil Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. Jabil’s dividend payout ratio (DPR) is presently 4.00%.
Insider Buying and Selling at Jabil
In other news, EVP Matthew Crowley sold 94 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president owned 57,536 shares in the company, valued at approximately $19,849,920. This represents a 0.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.35% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently commented on JBL. UBS Group upgraded Jabil from a “neutral” rating to a “buy” rating and set a $430.00 target price for the company in a report on Tuesday, August 11th. The Goldman Sachs Group increased their price target on shares of Jabil from $384.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Argus set a $475.00 price objective on shares of Jabil in a research note on Thursday, June 18th. Weiss Ratings downgraded shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 12th. Finally, Raymond James Financial increased their target price on shares of Jabil from $425.00 to $450.00 and gave the stock a “strong-buy” rating in a report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Jabil currently has an average rating of “Buy” and a consensus target price of $453.67.
Read Our Latest Research Report on Jabil
Jabil Company 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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