Kathmere Capital Management LLC Has $580,000 Holdings in Jabil, Inc. (NYSE:JBL)

Kathmere Capital Management LLC lifted its holdings in Jabil, Inc. (NYSE:JBL) by 25.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,264 shares of the technology company’s stock after acquiring an additional 871 shares during the quarter. Kathmere Capital Management LLC’s holdings in Jabil were worth $580,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wellington Management Group LLP lifted its holdings in Jabil by 70,781.4% during the 4th quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company’s stock worth $835,876,000 after buying an additional 5,800,535 shares in the last quarter. Norges Bank acquired a new position in shares of Jabil in the 4th quarter valued at $218,430,000. Point72 Asset Management L.P. lifted its stake in shares of Jabil by 1,007.6% in the 4th quarter. Point72 Asset Management L.P. now owns 965,629 shares of the technology company’s stock valued at $138,954,000 after purchasing an additional 878,444 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in shares of Jabil by 16,190.6% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 552,740 shares of the technology company’s stock valued at $79,539,000 after purchasing an additional 549,347 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Jabil by 17,410.3% in the 1st quarter. GAMMA Investing LLC now owns 524,958 shares of the technology company’s stock valued at $71,431,000 after purchasing an additional 521,960 shares during the period. 93.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Wall Street Zen cut shares of Jabil from a “strong-buy” rating to a “buy” rating in a research report on Saturday. UBS Group increased their target price on Jabil from $157.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday, June 18th. Barclays increased their target price on Jabil from $206.00 to $223.00 and gave the stock an “overweight” rating in a report on Tuesday, June 17th. JPMorgan Chase & Co. raised their price objective on Jabil from $180.00 to $214.00 and gave the company an “overweight” rating in a report on Wednesday, June 18th. Finally, The Goldman Sachs Group raised their price objective on Jabil from $188.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, June 18th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Jabil presently has an average rating of “Buy” and an average target price of $225.71.

Jabil Price Performance

NYSE:JBL opened at $221.92 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.98 and a debt-to-equity ratio of 1.85. The stock’s 50 day moving average price is $185.78 and its two-hundred day moving average price is $161.43. The firm has a market capitalization of $23.82 billion, a price-to-earnings ratio of 43.09, a P/E/G ratio of 1.56 and a beta of 1.20. Jabil, Inc. has a 12-month low of $95.85 and a 12-month high of $227.54.

Jabil (NYSE:JBL) last announced its earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.27. The company had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.03 billion. Jabil had a return on equity of 60.19% and a net margin of 2.02%. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.89 earnings per share. On average, analysts anticipate that Jabil, Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date was Thursday, May 15th. Jabil’s dividend payout ratio is presently 6.21%.

Insider Transactions at Jabil

In related news, Director Anousheh Ansari sold 1,000 shares of the firm’s stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $222.75, for a total transaction of $222,750.00. Following the sale, the director owned 36,400 shares of the company’s stock, valued at $8,108,100. This trade represents a 2.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Steven A. Raymund sold 15,955 shares of the firm’s stock in a transaction on Friday, June 27th. The shares were sold at an average price of $216.83, for a total value of $3,459,522.65. Following the sale, the director directly owned 99,828 shares in the company, valued at approximately $21,645,705.24. This trade represents a 13.78% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 297,431 shares of company stock worth $58,163,159. 1.73% of the stock is owned by insiders.

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).