First Hawaiian Bank Sells 10,000 Shares of Jabil Inc. (NYSE:JBL)

First Hawaiian Bank lessened its position in shares of Jabil Inc. (NYSE:JBL - Free Report) by 58.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,200 shares of the technology company's stock after selling 10,000 shares during the quarter. First Hawaiian Bank's holdings in Jabil were worth $1,036,000 at the end of the most recent quarter.

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

Jabil Stock Performance

NYSE JBL traded up $0.18 on Friday, hitting $154.13. 1,266,391 shares of the stock were exchanged, compared to its average volume of 1,379,132. 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 business's fifty day moving average is $137.70 and its 200 day moving average is $121.20. The company has a market capitalization of $17.22 billion, a PE ratio of 13.99, a P/E/G ratio of 1.58 and a beta of 1.23. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $156.94.

Jabil (NYSE:JBL - Get Free Report) last issued its earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.88 by $0.12. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The company had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.61 billion. During the same period in the previous year, the company posted $2.60 EPS. The firm's revenue for the quarter was down 16.6% compared to the same quarter last year. Research analysts anticipate that Jabil Inc. will post 7.89 EPS for the current fiscal year.

Jabil Announces Dividend

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

Insiders Place Their Bets

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the sale, the director now directly owns 139,108 shares in the company, valued at $17,346,767.60. This represents a 12.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Matthew Crowley sold 1,380 shares of the business's stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $125.83, for a total transaction of $173,645.40. Following the completion of the transaction, the executive vice president now owns 18,568 shares of the company's stock, valued at $2,336,411.44. The trade was a 6.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,689 shares of company stock worth $5,501,871 over the last three months. Insiders own 1.73% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on JBL. Barclays increased their price target on Jabil from $157.00 to $179.00 and gave the stock an "overweight" rating in a report on Friday, December 20th. StockNews.com lowered shares of Jabil from a "strong-buy" rating to a "buy" rating in a research note on Thursday, December 19th. Stifel Nicolaus restated a "buy" rating and set a $160.00 price objective (up from $150.00) on shares of Jabil in a report on Thursday, December 19th. The Goldman Sachs Group upped their target price on shares of Jabil from $136.00 to $145.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Finally, Bank of America lifted their price target on Jabil from $135.00 to $150.00 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target 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).