Measured Wealth Private Client Group LLC Sells 1,031 Shares of Jabil Inc. (NYSE:JBL)

Measured Wealth Private Client Group LLC cut its position in shares of Jabil Inc. (NYSE:JBL) by 10.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,051 shares of the technology company’s stock after selling 1,031 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Jabil were worth $1,153,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Cullen Frost Bankers Inc. purchased a new stake in Jabil during the 3rd quarter valued at about $63,000. Lecap Asset Management Ltd. purchased a new stake in Jabil during the 4th quarter valued at about $1,146,000. D.A. Davidson & CO. boosted its holdings in Jabil by 15.3% during the 3rd quarter. D.A. Davidson & CO. now owns 29,305 shares of the technology company’s stock valued at $3,719,000 after acquiring an additional 3,887 shares during the period. Deutsche Bank AG lifted its holdings in Jabil by 87.1% in the 3rd quarter. Deutsche Bank AG now owns 185,371 shares of the technology company’s stock worth $23,522,000 after buying an additional 86,285 shares during the period. Finally, Cozad Asset Management Inc. lifted its holdings in Jabil by 21.4% in the 3rd quarter. Cozad Asset Management Inc. now owns 90,828 shares of the technology company’s stock worth $11,525,000 after buying an additional 16,038 shares during the period. 93.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on JBL shares. StockNews.com upgraded Jabil from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Argus cut Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. The Goldman Sachs Group increased their price objective on Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Finally, Barclays dropped their price objective on Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a report on Monday, March 18th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $144.50.

Insider Activity at Jabil

In other Jabil news, SVP May Yee Yap sold 7,877 shares of Jabil stock in a transaction on Monday, April 8th. The stock was sold at an average price of $139.65, for a total value of $1,100,023.05. Following the completion of the sale, the senior vice president now owns 29,006 shares of the company’s stock, valued at approximately $4,050,687.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Jabil news, SVP May Yee Yap sold 7,877 shares of Jabil stock in a transaction on Monday, April 8th. The stock was sold at an average price of $139.65, for a total value of $1,100,023.05. Following the completion of the sale, the senior vice president now owns 29,006 shares of the company’s stock, valued at approximately $4,050,687.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Gerald Creadon sold 3,000 shares of Jabil stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $135.62, for a total value of $406,860.00. Following the completion of the sale, the executive vice president now directly owns 65,434 shares of the company’s stock, valued at approximately $8,874,159.08. The disclosure for this sale can be found here. Insiders sold a total of 75,877 shares of company stock valued at $9,824,383 in the last 90 days. Corporate insiders own 2.62% of the company’s stock.

Jabil Stock Up 1.7 %

Shares of NYSE:JBL traded up $1.96 during trading on Friday, hitting $117.22. The stock had a trading volume of 1,104,012 shares, compared to its average volume of 1,379,948. Jabil Inc. has a 12 month low of $75.48 and a 12 month high of $156.94. The company has a market capitalization of $14.14 billion, a PE ratio of 10.06, a PEG ratio of 1.23 and a beta of 1.42. The firm’s fifty day moving average is $133.80 and its 200 day moving average is $130.05. The company has a quick ratio of 0.72, a current ratio of 1.17 and a debt-to-equity ratio of 1.08.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Friday, March 15th. The technology company reported $1.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.01). Jabil had a net margin of 4.70% and a return on equity of 39.47%. The company had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.91 billion. Analysts anticipate that Jabil Inc. will post 7.83 EPS for the current fiscal year.

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend is Tuesday, May 14th. Jabil’s dividend payout ratio (DPR) is presently 2.75%.

Jabil 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).