Prospera Financial Services Inc Sells 10,952 Shares of Jabil, Inc. $JBL

Prospera Financial Services Inc lessened its position in Jabil, Inc. (NYSE:JBL) by 78.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,075 shares of the technology company’s stock after selling 10,952 shares during the period. Prospera Financial Services Inc’s holdings in Jabil were worth $701,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Jabil by 33.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,441 shares of the technology company’s stock valued at $5,742,000 after acquiring an additional 6,594 shares during the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of Jabil during the third quarter valued at approximately $57,799,000. Envestnet Asset Management Inc. raised its holdings in shares of Jabil by 9.1% during the third quarter. Envestnet Asset Management Inc. now owns 311,883 shares of the technology company’s stock valued at $67,732,000 after purchasing an additional 25,932 shares during the last quarter. Winnow Wealth LLC purchased a new position in shares of Jabil during the third quarter valued at approximately $1,077,000. Finally, Banco Santander S.A. purchased a new position in shares of Jabil during the third quarter valued at approximately $908,000. Institutional investors own 93.39% of the company’s stock.

Insider Buying and Selling at Jabil

In other Jabil news, SVP Gary K. Schick sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $340.00, for a total transaction of $340,000.00. Following the completion of the sale, the senior vice president directly owned 39,843 shares of the company’s stock, valued at approximately $13,546,620. This represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP May Yee Yap sold 1,634 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $306.74, for a total transaction of $501,213.16. Following the sale, the senior vice president directly owned 23,787 shares of the company’s stock, valued at approximately $7,296,424.38. This represents a 6.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 37,981 shares of company stock valued at $11,360,740 in the last quarter. Insiders own 1.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on JBL. Zacks Research cut shares of Jabil from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. UBS Group boosted their price objective on shares of Jabil from $244.00 to $254.00 and gave the company a “neutral” rating in a report on Tuesday, March 10th. The Goldman Sachs Group boosted their price objective on shares of Jabil from $336.00 to $384.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Barclays boosted their price objective on shares of Jabil from $283.00 to $304.00 and gave the company an “overweight” rating in a report on Wednesday, March 18th. Finally, Weiss Ratings cut shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Jabil currently has an average rating of “Moderate Buy” and a consensus target price of $303.38.

Jabil Stock Up 0.1%

Shares of JBL stock opened at $363.84 on Friday. Jabil, Inc. has a 12 month low of $164.69 and a 12 month high of $381.94. The stock has a market cap of $38.38 billion, a P/E ratio of 48.84, a P/E/G ratio of 1.89 and a beta of 1.29. The company has a current ratio of 1.01, a quick ratio of 0.68 and a debt-to-equity ratio of 2.50. The company has a 50 day simple moving average of $318.86 and a two-hundred day simple moving average of $265.03.

Jabil (NYSE:JBL) last announced its earnings results on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.18. Jabil had a net margin of 2.48% and a return on equity of 80.96%. The business had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $7.75 billion. During the same period in the prior year, the company earned $1.94 earnings per share. The firm’s revenue was up 23.1% on a year-over-year basis. On average, research analysts expect that Jabil, Inc. will post 11.3 earnings per share for the current year.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, May 15th. Jabil’s dividend payout ratio is currently 4.30%.

About Jabil

Jabil Inc (NYSE: JBL) is a global manufacturing solutions provider specializing in electronic manufacturing services (EMS) and diversified products across a wide range of industries. The company partners with original equipment manufacturers to deliver design engineering, supply chain management, precision manufacturing, and aftermarket services. Jabil’s expertise spans sectors such as healthcare, automotive, clean technology, telecommunications, consumer electronics, and packaging, enabling it to support both high-volume production and complex, mission-critical applications.

Founded in 1966 by William E.