Jabil Inc. (NYSE:JBL) Shares Sold by Venturi Wealth Management LLC

Venturi Wealth Management LLC lowered its position in shares of Jabil Inc. (NYSE:JBL) by 10.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 810 shares of the technology company’s stock after selling 92 shares during the period. Venturi Wealth Management LLC’s holdings in Jabil were worth $117,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of JBL. Capital Performance Advisors LLP acquired 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 during the third quarter worth $39,000. GHP Investment Advisors Inc. acquired a new position in shares of Jabil during the fourth quarter worth $43,000. Allworth Financial LP grew its stake in shares of Jabil by 38.9% during the fourth quarter. Allworth Financial LP now owns 432 shares of the technology company’s stock worth $62,000 after purchasing an additional 121 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Jabil by 30.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the technology company’s stock worth $67,000 after purchasing an additional 109 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Analyst Ratings Changes

JBL has been the subject of several research analyst reports. The Goldman Sachs Group upped their price objective on shares of Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Barclays upped their price objective on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. UBS Group upped their price objective on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $160.00 price objective (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Jabil presently has a consensus rating of “Moderate Buy” and an average target price of $153.17.

Insider Buying and Selling

In related news, Director Christopher S. Holland sold 3,400 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $162.27, for a total transaction of $551,718.00. Following the completion of the transaction, the director now directly owns 12,900 shares of the company’s stock, valued at $2,093,283. This represents a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $149.81, for a total transaction of $599,240.00. Following the transaction, the executive vice president now directly owns 138,472 shares of the company’s stock, valued at $20,744,490.32. This represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 77,400 shares of company stock valued at $12,804,458 over the last ninety days. Corporate insiders own 1.73% of the company’s stock.

Jabil Price Performance

Shares of NYSE:JBL opened at $162.54 on Friday. The company has a 50-day simple moving average of $157.22 and a 200-day simple moving average of $132.95. Jabil Inc. has a one year low of $95.85 and a one year high of $174.80. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The stock has a market capitalization of $17.75 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 1.65 and a beta of 1.23.

Jabil (NYSE:JBL) last announced its earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.61 billion. During the same period in the prior year, the company earned $2.60 earnings per share. The business’s revenue was down 16.6% compared to the same quarter last year. On average, analysts predict that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.08 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.32 annualized dividend and a yield of 0.20%. Jabil’s dividend payout ratio is currently 3.07%.

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).