Jabil Inc. (NYSE:JBL) Stake Boosted by Foster & Motley Inc.

Foster & Motley Inc. increased its position in shares of Jabil Inc. (NYSE:JBL - Free Report) by 8.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,173 shares of the technology company's stock after acquiring an additional 4,181 shares during the quarter. Foster & Motley Inc.'s holdings in Jabil were worth $6,252,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ORG Partners LLC purchased a new stake in Jabil during the first quarter worth about $29,000. HHM Wealth Advisors LLC acquired a new stake in Jabil during the 2nd quarter worth approximately $28,000. Innealta Capital LLC purchased a new position in Jabil in the 2nd quarter valued at approximately $31,000. Family Firm Inc. purchased a new position in Jabil in the 2nd quarter valued at approximately $37,000. Finally, Matrix Trust Co increased its position in shares of Jabil by 135.4% during the third quarter. Matrix Trust Co now owns 372 shares of the technology company's stock worth $45,000 after acquiring an additional 214 shares during the period. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Jabil Price Performance

Shares of NYSE JBL traded up $9.11 during trading on Wednesday, reaching $137.77. The company had a trading volume of 2,003,507 shares, compared to its average volume of 1,461,914. The stock has a market capitalization of $15.55 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 1.51 and a beta of 1.24. The stock has a 50-day moving average price of $116.78 and a two-hundred day moving average price of $114.55. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $156.94. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66.

Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 EPS for the quarter, topping the consensus estimate of $2.22 by $0.08. The company had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.59 billion. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The firm's revenue was down 17.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.34 earnings per share. As a group, sell-side analysts predict that Jabil Inc. will post 7.84 earnings per share for the current year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be paid a $0.08 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.23%. Jabil's dividend payout ratio (DPR) is presently 2.90%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Barclays boosted their price objective on shares of Jabil from $135.00 to $157.00 and gave the stock an "overweight" rating in a research report on Friday, September 27th. Bank of America boosted their price objective on Jabil from $135.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Stifel Nicolaus increased their price target on shares of Jabil from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Jabil from $137.00 to $133.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 3rd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Jabil currently has a consensus rating of "Moderate Buy" and a consensus target price of $143.50.

Insider Buying and Selling

In other news, SVP Francis Mckay sold 11,755 shares of the stock in a transaction dated Thursday, October 31st. The shares were 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 owns 41,507 shares of the company's stock, valued at approximately $5,051,816.97. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Frederic E. Mccoy sold 4,000 shares of Jabil stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $118.70, for a total value of $474,800.00. Following the completion of the transaction, the executive vice president now directly owns 108,753 shares of the company's stock, valued at approximately $12,908,981.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Francis Mckay sold 11,755 shares of the firm's stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 41,507 shares in the company, valued at $5,051,816.97. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,689 shares of company stock worth $5,377,431. 2.62% of the stock is currently owned by corporate insiders.

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).