Murphy & Mullick Capital Management Corp Makes New $29,000 Investment in Jabil Inc. (NYSE:JBL)

Murphy & Mullick Capital Management Corp purchased a new stake in shares of Jabil Inc. (NYSE:JBL) during the fourth quarter, Holdings Channel reports. The fund purchased 204 shares of the technology company’s stock, valued at approximately $29,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Meyer Handelman Co. bought a new position in Jabil in the 4th quarter valued at approximately $7,334,000. Davis Investment Partners LLC bought a new position in shares of Jabil during the fourth quarter valued at $1,433,000. Truist Financial Corp lifted its holdings in shares of Jabil by 50.4% during the fourth quarter. Truist Financial Corp now owns 12,037 shares of the technology company’s stock worth $1,732,000 after purchasing an additional 4,034 shares during the period. Merit Financial Group LLC bought a new stake in shares of Jabil in the fourth quarter worth $235,000. Finally, Keybank National Association OH acquired a new stake in Jabil in the fourth quarter valued at $214,000. 93.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $160.00 price target (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Barclays boosted their target price on shares of Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a report on Friday, March 21st. StockNews.com upgraded Jabil from a “hold” rating to a “buy” rating in a report on Friday, March 21st. JPMorgan Chase & Co. raised their target price on Jabil from $172.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, March 21st. Finally, The Goldman Sachs Group boosted their price objective on Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a report on Monday, February 24th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Jabil currently has an average rating of “Moderate Buy” and a consensus target price of $167.50.

Jabil Price Performance

JBL stock opened at $139.52 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The business has a 50-day simple moving average of $154.99 and a two-hundred day simple moving average of $139.09. The company has a market capitalization of $15.23 billion, a P/E ratio of 13.38, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $174.80.

Jabil (NYSE:JBL) last posted its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.11. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same quarter last year, the company earned $1.68 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. Research analysts expect that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a $0.08 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.32 annualized dividend and a dividend yield of 0.23%. Jabil’s payout ratio is 7.66%.

Insider Activity

In related news, EVP Frederic E. Mccoy sold 4,000 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $149.81, for a total transaction of $599,240.00. Following the transaction, the executive vice president now directly owns 138,472 shares in the company, valued at approximately $20,744,490.32. The trade was a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $151.30, for a total transaction 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 trade represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,400 shares of company stock worth $12,804,458 over the last quarter. 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).