IFP Advisors Inc Purchases 2,566 Shares of Jabil Inc. (NYSE:JBL)

IFP Advisors Inc grew its position in Jabil Inc. (NYSE:JBL) by 57.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 7,016 shares of the technology company’s stock after acquiring an additional 2,566 shares during the period. IFP Advisors Inc’s holdings in Jabil were worth $1,010,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of JBL. Private Advisor Group LLC lifted its stake in shares of Jabil by 4.9% in the 3rd quarter. Private Advisor Group LLC now owns 2,578 shares of the technology company’s stock valued at $309,000 after acquiring an additional 120 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Jabil by 11,262.2% in the 3rd quarter. International Assets Investment Management LLC now owns 21,929 shares of the technology company’s stock valued at $2,628,000 after acquiring an additional 21,736 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Jabil by 45.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,692 shares of the technology company’s stock worth $941,000 after purchasing an additional 2,401 shares during the last quarter. Arkadios Wealth Advisors bought a new position in Jabil during the 3rd quarter worth $315,000. Finally, J.W. Cole Advisors Inc. bought a new position in Jabil during the 3rd quarter worth $211,000. 93.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

JBL has been the subject of several analyst reports. StockNews.com lowered Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus reaffirmed a “buy” rating and set a $160.00 target price (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. The Goldman Sachs Group raised their target price on Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a research report on Monday. Barclays raised their target price on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. Finally, UBS Group lifted their price objective on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Jabil has a consensus rating of “Moderate Buy” and a consensus target price of $158.83.

Jabil Stock Performance

JBL stock opened at $153.86 on Friday. The stock has a 50-day moving average price of $158.75 and a 200-day moving average price of $134.29. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $174.80. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The firm has a market cap of $16.80 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 1.65 and a beta of 1.23.

Jabil (NYSE:JBL) last issued its earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.88 by $0.12. The company had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.61 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same period last year, the business posted $2.60 EPS. As a group, equities research analysts expect that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be paid a $0.08 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.32 annualized dividend and a dividend yield of 0.21%. Jabil’s dividend payout ratio is presently 3.07%.

Insider Activity

In other news, EVP Frederic E. Mccoy sold 4,000 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $149.81, for a total value of $599,240.00. Following the completion of the sale, the executive vice president now directly owns 138,472 shares in the company, valued at $20,744,490.32. This trade represents a 2.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $151.30, for a total value of $3,026,000.00. Following the completion of the sale, the director now owns 119,108 shares of the company’s stock, valued at approximately $18,021,040.40. This represents a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,400 shares of company stock worth $12,804,458 in the last three months. 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).