Mediolanum International Funds Ltd Increases Stock Holdings in Jabil Inc. (NYSE:JBL)

Mediolanum International Funds Ltd lifted its stake in Jabil Inc. (NYSE:JBL) by 4.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 76,102 shares of the technology company’s stock after purchasing an additional 3,548 shares during the quarter. Mediolanum International Funds Ltd owned about 0.07% of Jabil worth $9,295,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Primecap Management Co. CA lifted its stake in shares of Jabil by 3.0% during the 2nd quarter. Primecap Management Co. CA now owns 3,682,875 shares of the technology company’s stock worth $400,660,000 after acquiring an additional 107,800 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Jabil by 7.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,636,737 shares of the technology company’s stock worth $178,058,000 after acquiring an additional 106,808 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Jabil by 29.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,383,062 shares of the technology company’s stock worth $150,463,000 after acquiring an additional 310,590 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Jabil by 195.8% during the 2nd quarter. AQR Capital Management LLC now owns 1,060,799 shares of the technology company’s stock worth $115,404,000 after acquiring an additional 702,199 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of Jabil during the 2nd quarter worth approximately $78,660,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Jabil Trading Down 0.3 %

JBL opened at $124.71 on Friday. The firm has a market cap of $14.15 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 1.46 and a beta of 1.25. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $156.94. The stock has a fifty day moving average price of $114.27 and a 200-day moving average price of $115.09.

Jabil (NYSE:JBL) last released its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 EPS for the quarter, topping the consensus estimate of $2.22 by $0.08. The firm had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.59 billion. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The business’s revenue for the quarter was down 17.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.34 EPS. As a group, equities research analysts anticipate that Jabil Inc. will post 7.84 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 15th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, November 15th. This represents a $0.32 annualized dividend and a yield of 0.26%. Jabil’s dividend payout ratio (DPR) is 2.90%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. decreased their target price on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Barclays lifted their target price on Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Bank of America lifted their target price on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, Stifel Nicolaus lifted their target price on Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $143.50.

Insider Buying and Selling

In related news, EVP Frederic E. Mccoy sold 4,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $118.70, for a total transaction of $474,800.00. Following the transaction, the executive vice president now directly owns 108,753 shares in the company, valued at $12,908,981.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Jabil news, EVP Matthew Crowley sold 2,271 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $123.54, for a total transaction of $280,559.34. Following the sale, the executive vice president now owns 15,564 shares in the company, valued at approximately $1,922,776.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Frederic E. Mccoy sold 4,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $118.70, for a total value of $474,800.00. Following the sale, the executive vice president now owns 108,753 shares in the company, valued at approximately $12,908,981.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,651 shares of company stock worth $929,005 in the last ninety days. 2.62% of the stock is owned by insiders.

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).