Wellington Management Group LLP Increases Stock Holdings in Jabil Inc. (NYSE:JBL)

Wellington Management Group LLP increased its position in shares of Jabil Inc. (NYSE:JBL - Free Report) by 70,781.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,808,730 shares of the technology company's stock after purchasing an additional 5,800,535 shares during the quarter. Wellington Management Group LLP owned 5.32% of Jabil worth $835,876,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in Jabil in the fourth quarter valued at about $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Jabil in the 4th quarter valued at approximately $29,000. Millstone Evans Group LLC bought a new stake in shares of Jabil during the 4th quarter valued at approximately $37,000. First Horizon Advisors Inc. increased its position in Jabil by 90.3% during the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock worth $39,000 after purchasing an additional 130 shares in the last quarter. Finally, GHP Investment Advisors Inc. acquired a new position in shares of Jabil during the fourth quarter worth $43,000. 93.39% of the stock is owned by institutional investors.

Insider Buying and Selling at Jabil

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $151.30, for a total value of $3,026,000.00. Following the transaction, the director now owns 119,108 shares in the company, valued at approximately $18,021,040.40. This represents a 14.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John C. Plant sold 50,000 shares of the company's stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $172.55, for a total value of $8,627,500.00. Following the transaction, the director now directly owns 5,900 shares in the company, valued at $1,018,045. The trade was a 89.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,400 shares of company stock valued at $12,804,458. Corporate insiders own 1.73% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts recently commented on JBL shares. Stifel Nicolaus reiterated a "buy" rating and set a $160.00 target price (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. StockNews.com raised shares of Jabil from a "hold" rating to a "buy" rating in a research note on Friday, March 21st. UBS Group raised their target price on Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Barclays lifted their target price on Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a report on Friday, March 21st. Finally, JPMorgan Chase & Co. increased 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. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Jabil has an average rating of "Moderate Buy" and an average price target of $167.50.

Jabil Trading Up 1.8 %

JBL traded up $2.45 during trading on Wednesday, reaching $138.87. 912,154 shares of the stock traded hands, compared to its average volume of 1,438,442. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The stock's 50-day moving average is $152.69 and its 200 day moving average is $140.28. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80. The stock has a market capitalization of $15.16 billion, a PE ratio of 13.31, a P/E/G ratio of 1.65 and a beta of 1.19.

Jabil (NYSE:JBL - Get Free Report) last announced its earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, beating the consensus estimate 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 revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.68 EPS. Equities analysts anticipate that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

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

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).