CreativeOne Wealth LLC Boosts Holdings in Jabil Inc. (NYSE:JBL)

CreativeOne Wealth LLC raised its stake in shares of Jabil Inc. (NYSE:JBL) by 29.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 3,969 shares of the technology company’s stock after buying an additional 892 shares during the period. CreativeOne Wealth LLC’s holdings in Jabil were worth $476,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. HHM Wealth Advisors LLC acquired a new position in Jabil in the second quarter valued at approximately $28,000. Innealta Capital LLC acquired a new position in shares of Jabil in the 2nd quarter valued at $31,000. Capital Performance Advisors LLP purchased a new stake in Jabil during the third quarter worth $32,000. Family Firm Inc. acquired a new stake in Jabil during the second quarter valued at $37,000. Finally, Brooklyn Investment Group purchased a new position in Jabil in the third quarter valued at $39,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Stock Performance

NYSE:JBL opened at $135.83 on Monday. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $156.94. The company has a market cap of $15.33 billion, a P/E ratio of 12.33, a P/E/G ratio of 1.60 and a beta of 1.24. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66. The company’s 50-day moving average price is $126.30 and its 200-day moving average price is $116.38.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.08. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The business had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.59 billion. During the same period in the prior year, the business earned $2.34 earnings per share. The business’s revenue was down 17.7% compared to the same quarter last year. On average, sell-side analysts forecast that Jabil Inc. will post 7.84 earnings per share for the current fiscal year.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.32 annualized dividend and a yield of 0.24%. Jabil’s dividend payout ratio (DPR) is 2.90%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on JBL shares. Barclays raised their target price on Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. StockNews.com raised Jabil from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. decreased their target price on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. Stifel Nicolaus boosted their price target on shares of Jabil from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, Bank of America lifted their target price on shares of Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $143.50.

Insider Buying and Selling at Jabil

In other Jabil news, SVP Francis Mckay sold 11,755 shares of Jabil stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the completion of the sale, the senior vice president now directly owns 41,507 shares in the company, valued at $5,051,816.97. This trade represents a 22.07 % 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 Matthew Crowley sold 1,380 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $125.83, for a total transaction of $173,645.40. Following the completion of the transaction, the executive vice president now owns 18,568 shares in the company, valued at approximately $2,336,411.44. This represents a 6.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,689 shares of company stock worth $5,377,431 over the last quarter. 2.62% of the stock is currently owned by company insiders.

Jabil Company Profile

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).