Charles Schwab Investment Management Inc. Sells 39,374 Shares of Jabil Inc. (NYSE:JBL)

Charles Schwab Investment Management Inc. lessened its holdings in shares of Jabil Inc. (NYSE:JBL) by 3.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,034,672 shares of the technology company’s stock after selling 39,374 shares during the period. Charles Schwab Investment Management Inc. owned 0.92% of Jabil worth $123,985,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. HHM Wealth Advisors LLC bought a new stake in Jabil during the 2nd quarter worth about $28,000. Innealta Capital LLC bought a new stake in shares of Jabil during the second quarter valued at approximately $31,000. Capital Performance Advisors LLP acquired a new stake in shares of Jabil in the third quarter valued at approximately $32,000. Family Firm Inc. acquired a new position in shares of Jabil during the second quarter valued at $37,000. Finally, Matrix Trust Co lifted its position in Jabil by 135.4% during the 3rd quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock valued at $45,000 after purchasing an additional 214 shares during the period. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on JBL shares. Bank of America upped 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. Barclays upped their price objective on Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a report on Friday, September 27th. JPMorgan Chase & Co. reduced their target price on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Finally, Stifel Nicolaus upped their price target on Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $143.50.

Jabil Stock Up 2.2 %

Shares of Jabil stock opened at $134.03 on Tuesday. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $156.94. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.72. The company has a market capitalization of $15.12 billion, a P/E ratio of 12.16, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24. The business has a 50-day moving average of $124.39 and a two-hundred day moving average of $115.92.

Jabil (NYSE:JBL) last posted its earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $6.59 billion. During the same period in the prior year, the business earned $2.34 EPS. Jabil’s revenue for the quarter was down 17.7% compared to the same quarter last year. As a group, equities analysts predict that Jabil Inc. will post 7.84 EPS for the current year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 15th will be given a $0.08 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.32 annualized dividend and a yield of 0.24%. Jabil’s dividend payout ratio is currently 2.90%.

Insider Buying and Selling

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $118.70, for a total transaction of $474,800.00. Following the completion of the transaction, the executive vice president now owns 108,753 shares of the company’s stock, valued at $12,908,981.10. This represents a 3.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Francis Mckay sold 11,755 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the transaction, the senior vice president now directly owns 41,507 shares of the company’s stock, valued at $5,051,816.97. This represents a 22.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,689 shares of company stock valued at $5,377,431. Company insiders own 2.62% 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).