Integrated Wealth Concepts LLC Invests $223,000 in Jabil Inc. (NYSE:JBL)

Integrated Wealth Concepts LLC acquired a new stake in Jabil Inc. (NYSE:JBL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,863 shares of the technology company’s stock, valued at approximately $223,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. HHM Wealth Advisors LLC acquired a new position in shares of Jabil during the second quarter worth approximately $28,000. Innealta Capital LLC acquired a new stake in Jabil in the second quarter worth about $31,000. Capital Performance Advisors LLP acquired a new stake in Jabil in the third quarter worth about $32,000. Family Firm Inc. acquired a new position in Jabil during the 2nd quarter valued at about $37,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Jabil in the 3rd quarter worth approximately $39,000. 93.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on JBL. JPMorgan Chase & Co. lowered their price target on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. StockNews.com upgraded shares of Jabil from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Stifel Nicolaus raised their price objective on Jabil from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Bank of America raised their target price on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, Barclays lifted their price target on Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $145.17.

Insider Activity

In other news, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the completion of the sale, the director now owns 139,108 shares in the company, valued at $17,346,767.60. The trade was a 12.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Frederic E. Mccoy sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $118.70, for a total transaction of $474,800.00. Following the completion of the transaction, the executive vice president now directly owns 108,753 shares in the company, valued at approximately $12,908,981.10. The trade was a 3.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,689 shares of company stock valued at $5,377,431 over the last three months. 2.62% of the stock is owned by insiders.

Jabil Stock Up 1.1 %

NYSE JBL opened at $135.13 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $15.25 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 1.57 and a beta of 1.25. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $156.94. The stock’s 50 day moving average is $129.51 and its two-hundred day moving average is $117.57.

Jabil (NYSE:JBL) last released its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.08. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.59 billion. During the same period in the previous year, the business earned $2.34 earnings per share. The company’s revenue for the quarter was down 17.7% compared to the same quarter last year. Equities analysts forecast that Jabil Inc. will post 7.89 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were given a dividend of $0.08 per share. The ex-dividend date was Friday, November 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. Jabil’s payout ratio is 2.90%.

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).