Korea Investment CORP Lowers Holdings in Jabil Inc. (NYSE:JBL)

Korea Investment CORP decreased its position in Jabil Inc. (NYSE:JBL - Free Report) by 11.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 69,867 shares of the technology company's stock after selling 9,200 shares during the quarter. Korea Investment CORP owned 0.06% of Jabil worth $10,054,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in Jabil in the fourth quarter valued at about $446,000. Penobscot Investment Management Company Inc. bought a new stake in shares of Jabil in the fourth quarter worth $217,000. Murphy & Mullick Capital Management Corp bought a new stake in Jabil during the 4th quarter worth about $29,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Jabil by 2.8% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 136,929 shares of the technology company's stock worth $19,704,000 after acquiring an additional 3,700 shares in the last quarter. Finally, Florida Financial Advisors LLC bought a new stake in shares of Jabil during the 4th quarter worth approximately $948,000. 93.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on JBL shares. Stifel Nicolaus restated a "buy" rating and set a $160.00 price objective (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. StockNews.com raised shares of Jabil from a "hold" rating to a "buy" rating in a report on Friday, March 21st. JPMorgan Chase & Co. boosted their price target on Jabil from $172.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. UBS Group increased their target price on shares of Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Finally, The Goldman Sachs Group upped their target price on Jabil from $160.00 to $179.00 and gave the company a "buy" rating in a research report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Jabil currently has a consensus rating of "Moderate Buy" and a consensus target price of $167.50.

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Jabil Price Performance

Shares of NYSE JBL traded up $2.45 during mid-day trading on Wednesday, hitting $138.87. 912,154 shares of the stock traded hands, compared to its average volume of 1,438,442. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $174.80. The firm has a 50 day simple moving average of $152.69 and a two-hundred day simple moving average of $140.28. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. The company has a market cap of $15.16 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.11. The company had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm's quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.68 earnings per share. As a group, equities research analysts forecast that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.08 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.32 annualized dividend and a dividend yield of 0.23%. Jabil's dividend payout ratio is currently 7.66%.

Insider Transactions at Jabil

In other news, Director John C. Plant sold 50,000 shares of the stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the completion of the transaction, the director now directly owns 5,900 shares of the company's stock, valued at $1,018,045. This represents a 89.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Frederic E. Mccoy sold 4,000 shares of the business's stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total value of $599,240.00. Following the completion of the sale, the executive vice president now owns 138,472 shares in the company, valued at approximately $20,744,490.32. The trade was a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 77,400 shares of company stock valued at $12,804,458 over the last ninety days. 1.73% of the stock is owned by company insiders.

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).