CWA Asset Management Group LLC Sells 5,841 Shares of Jabil Inc. (NYSE:JBL)

CWA Asset Management Group LLC lessened its holdings in shares of Jabil Inc. (NYSE:JBL - Free Report) by 9.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 58,587 shares of the technology company's stock after selling 5,841 shares during the period. CWA Asset Management Group LLC owned 0.05% of Jabil worth $8,431,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HHM Wealth Advisors LLC bought a new stake in Jabil in the 2nd quarter valued at about $28,000. Capital Performance Advisors LLP bought a new stake in shares of Jabil during the third quarter valued at approximately $32,000. Brooklyn Investment Group acquired a new position in shares of Jabil during the third quarter worth approximately $39,000. Matrix Trust Co grew its holdings in Jabil by 135.4% in the 3rd quarter. Matrix Trust Co now owns 372 shares of the technology company's stock worth $45,000 after buying an additional 214 shares in the last quarter. Finally, Armstrong Advisory Group Inc. increased its position in Jabil by 114.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company's stock valued at $51,000 after acquiring an additional 228 shares during the period. Institutional investors and hedge funds own 93.39% of the company's stock.

Jabil Stock Up 1.7 %

Shares of NYSE:JBL traded up $2.53 during midday trading on Monday, hitting $152.19. 1,359,282 shares of the stock were exchanged, compared to its average volume of 1,424,656. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $156.94. The business's fifty day simple moving average is $135.92 and its two-hundred day simple moving average is $120.45. The company has a market capitalization of $17.00 billion, a PE ratio of 13.81, a P/E/G ratio of 1.58 and a beta of 1.23.

Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, topping analysts' consensus estimates of $1.88 by $0.12. The company had revenue of $6.99 billion during the quarter, compared to analysts' expectations of $6.61 billion. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The business's quarterly revenue was down 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.60 earnings per share. As a group, research analysts predict that Jabil Inc. will post 7.89 earnings per share for the current fiscal year.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.21%. The ex-dividend date was Friday, November 15th. Jabil's dividend payout ratio is currently 3.07%.

Insider Activity

In other news, EVP Matthew Crowley sold 1,380 shares of the business'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 sale, the executive vice president now directly owns 18,568 shares in the company, valued at approximately $2,336,411.44. The trade was a 6.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Steven A. Raymund sold 20,000 shares of the firm's stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $124.70, for a total value of $2,494,000.00. Following the completion of the transaction, the director now directly owns 139,108 shares of the company's stock, valued at approximately $17,346,767.60. This trade represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,689 shares of company stock valued at $4,902,631. 1.73% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on JBL shares. StockNews.com downgraded Jabil from a "strong-buy" rating to a "buy" rating in a research note on Thursday, December 19th. The Goldman Sachs Group boosted their target price on shares of Jabil from $136.00 to $145.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Bank of America raised their target price on shares of Jabil from $135.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, September 27th. UBS Group upped their price target on Jabil from $128.00 to $152.00 and gave the company a "neutral" rating in a report on Thursday, December 19th. Finally, Barclays raised their price objective on Jabil from $157.00 to $179.00 and gave the stock an "overweight" rating in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $153.17.

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).