Abacus Planning Group Inc. Has $443,000 Stake in Jabil, Inc. $JBL

Abacus Planning Group Inc. decreased its holdings in shares of Jabil, Inc. (NYSE:JBL) by 2.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,029 shares of the technology company’s stock after selling 55 shares during the quarter. Abacus Planning Group Inc.’s holdings in Jabil were worth $443,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Creative Financial Designs Inc. ADV acquired a new stake in shares of Jabil during the 1st quarter worth approximately $27,000. Harbor Capital Advisors Inc. grew its position in shares of Jabil by 110.5% during the 1st quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company’s stock worth $30,000 after buying an additional 116 shares during the period. Groupe la Francaise grew its holdings in Jabil by 35.2% during the first quarter. Groupe la Francaise now owns 246 shares of the technology company’s stock valued at $34,000 after purchasing an additional 64 shares during the period. Financial Management Professionals Inc. grew its holdings in Jabil by 58.1% during the second quarter. Financial Management Professionals Inc. now owns 264 shares of the technology company’s stock valued at $58,000 after purchasing an additional 97 shares during the period. Finally, Golden State Wealth Management LLC grew its holdings in Jabil by 2,400.0% during the first quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company’s stock valued at $37,000 after purchasing an additional 264 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Stock Performance

Shares of JBL opened at $215.89 on Friday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.66 and a current ratio of 1.00. Jabil, Inc. has a twelve month low of $108.66 and a twelve month high of $237.14. The firm’s 50 day moving average price is $216.00 and its two-hundred day moving average price is $186.36. The firm has a market cap of $23.17 billion, a P/E ratio of 36.22, a PEG ratio of 1.53 and a beta of 1.26.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Friday, August 15th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. Jabil’s payout ratio is presently 5.37%.

Analysts Set New Price Targets

JBL has been the subject of a number of analyst reports. Raymond James Financial set a $260.00 price objective on shares of Jabil in a report on Thursday, September 25th. Argus upgraded shares of Jabil from a “hold” rating to a “buy” rating in a report on Wednesday, June 18th. The Goldman Sachs Group boosted their price objective on shares of Jabil from $188.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, June 18th. JPMorgan Chase & Co. boosted their price objective on shares of Jabil from $214.00 to $256.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Finally, Barclays boosted their price objective on shares of Jabil from $223.00 to $267.00 and gave the company an “overweight” rating in a report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $248.43.

Insider Activity at Jabil

In other Jabil news, Director Steven A. Raymund sold 13,432 shares of Jabil stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $223.11, for a total value of $2,996,813.52. Following the transaction, the director owned 86,396 shares of the company’s stock, valued at approximately $19,275,811.56. The trade was a 13.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Mark T. Mondello sold 20,000 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $200.02, for a total transaction of $4,000,400.00. Following the completion of the sale, the chairman directly owned 1,400,190 shares in the company, valued at approximately $280,066,003.80. This represents a 1.41% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 65,416 shares of company stock worth $14,071,089. Corporate insiders own 1.73% of the company’s stock.

Jabil Company 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).