J.W. Cole Advisors Inc. Sells 267 Shares of Jabil Inc. (NYSE:JBL)

J.W. Cole Advisors Inc. lessened its position in shares of Jabil Inc. (NYSE:JBL) by 14.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,635 shares of the technology company’s stock after selling 267 shares during the period. J.W. Cole Advisors Inc.’s holdings in Jabil were worth $208,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. CVA Family Office LLC acquired a new stake in shares of Jabil in the fourth quarter valued at approximately $36,000. Valley National Advisers Inc. acquired a new stake in shares of Jabil in the fourth quarter valued at approximately $36,000. Hanseatic Management Services Inc. acquired a new stake in shares of Jabil in the third quarter valued at approximately $48,000. Ceredex Value Advisors LLC acquired a new stake in shares of Jabil in the third quarter valued at approximately $51,000. Finally, Allworth Financial LP raised its position in shares of Jabil by 745.8% in the fourth quarter. Allworth Financial LP now owns 406 shares of the technology company’s stock valued at $52,000 after buying an additional 358 shares in the last quarter. Institutional investors own 93.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on JBL shares. StockNews.com upgraded shares of Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday. Argus cut shares of Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Barclays decreased their target price on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a research note on Monday, March 18th. Finally, The Goldman Sachs Group boosted their target price on shares of Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $144.50.

Insider Buying and Selling at Jabil

In other Jabil news, Chairman Mark T. Mondello sold 50,000 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $126.09, for a total value of $6,304,500.00. Following the completion of the sale, the chairman now owns 1,809,194 shares in the company, valued at approximately $228,121,271.46. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Jabil news, Chairman Mark T. Mondello sold 50,000 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $126.09, for a total value of $6,304,500.00. Following the completion of the sale, the chairman now owns 1,809,194 shares in the company, valued at approximately $228,121,271.46. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director David M. Stout sold 31,300 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $123.12, for a total transaction of $3,853,656.00. Following the transaction, the director now directly owns 67,300 shares of the company’s stock, valued at $8,285,976. The disclosure for this sale can be found here. In the last 90 days, insiders sold 107,177 shares of company stock worth $13,678,039. Insiders own 2.62% of the company’s stock.

Jabil Price Performance

Shares of NYSE JBL opened at $118.48 on Friday. The firm’s 50-day moving average price is $136.38 and its 200-day moving average price is $130.86. Jabil Inc. has a 1-year low of $75.48 and a 1-year high of $156.94. The firm has a market capitalization of $14.29 billion, a P/E ratio of 10.17, a P/E/G ratio of 1.28 and a beta of 1.40. The company has a current ratio of 1.17, a quick ratio of 0.72 and a debt-to-equity ratio of 1.08.

Jabil (NYSE:JBL) last posted its earnings results on Friday, March 15th. The technology company reported $1.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.01). Jabil had a return on equity of 39.47% and a net margin of 4.70%. The business had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.91 billion. Equities research analysts anticipate that Jabil Inc. will post 7.83 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, June 4th. Shareholders of record on Wednesday, May 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.32 annualized dividend and a yield of 0.27%. Jabil’s dividend payout ratio (DPR) is 2.75%.

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).