Impact Partnership Wealth LLC Sells 88 Shares of Jabil Inc. (NYSE:JBL)

Impact Partnership Wealth LLC trimmed its stake in Jabil Inc. (NYSE:JBL) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,527 shares of the technology company’s stock after selling 88 shares during the period. Impact Partnership Wealth LLC’s holdings in Jabil were worth $364,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. FMR LLC grew its holdings in shares of Jabil by 11.3% during the 3rd quarter. FMR LLC now owns 5,116,308 shares of the technology company’s stock worth $613,087,000 after acquiring an additional 520,672 shares during the period. Primecap Management Co. CA boosted its position in shares of Jabil by 0.3% during the third quarter. Primecap Management Co. CA now owns 3,692,560 shares of the technology company’s stock valued at $442,479,000 after purchasing an additional 9,685 shares in the last quarter. Pacer Advisors Inc. grew its stake in Jabil by 12,251.7% in the third quarter. Pacer Advisors Inc. now owns 2,206,384 shares of the technology company’s stock worth $264,391,000 after purchasing an additional 2,188,521 shares during the period. AQR Capital Management LLC raised its holdings in Jabil by 195.8% in the second quarter. AQR Capital Management LLC now owns 1,060,799 shares of the technology company’s stock worth $115,404,000 after purchasing an additional 702,199 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Jabil by 15.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 903,526 shares of the technology company’s stock valued at $108,270,000 after buying an additional 118,376 shares during the period. 93.39% of the stock is owned by institutional investors.

Jabil Price Performance

Shares of Jabil stock opened at $173.26 on Friday. The company has a market capitalization of $18.92 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 1.68 and a beta of 1.23. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The stock’s 50-day simple moving average is $144.48 and its 200-day simple moving average is $125.22. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $174.80.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.61 billion. During the same period last year, the firm posted $2.60 EPS. The company’s revenue was down 16.6% on a year-over-year basis. As a group, analysts expect that Jabil Inc. will post 8.03 earnings per share for the current fiscal year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.08 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.18%. Jabil’s payout ratio is 3.07%.

Insider Transactions at Jabil

In other Jabil news, SVP Francis Mckay sold 11,755 shares of Jabil stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $121.71, for a total value of $1,430,701.05. Following the completion of the transaction, the senior vice president now directly owns 41,507 shares of the company’s stock, valued at $5,051,816.97. This trade represents a 22.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Frederic E. Mccoy sold 4,283 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $122.28, for a total transaction of $523,725.24. Following the completion of the sale, the executive vice president now owns 142,472 shares in the company, valued at approximately $17,421,476.16. This trade represents a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,038 shares of company stock valued at $5,579,666. 1.73% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on JBL. Barclays upped their price objective on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. StockNews.com upgraded Jabil from a “hold” rating to a “buy” rating in a research note on Tuesday. Bank of America lifted their price objective on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, September 27th. The Goldman Sachs Group increased their target price on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, UBS Group raised their price objective on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Jabil currently has an average rating of “Moderate Buy” and a consensus target price of $153.17.

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).