Jabil Inc. (JBL) To Go Ex-Dividend on May 14th

Jabil Inc. (NYSE:JBL) declared a quarterly dividend on Wednesday, April 17th, NASDAQ reports. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.08 per share by the technology company on Tuesday, June 4th. This represents a $0.32 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend is Tuesday, May 14th.

Jabil has a payout ratio of 3.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Jabil to earn $10.03 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 3.2%.

Jabil Stock Down 0.0 %

Shares of NYSE:JBL opened at $129.59 on Friday. The company’s fifty day moving average is $138.45 and its two-hundred day moving average is $131.19. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.72 and a current ratio of 1.17. Jabil has a 1-year low of $75.48 and a 1-year high of $156.94. The stock has a market capitalization of $15.63 billion, a price-to-earnings ratio of 11.12, a price-to-earnings-growth ratio of 1.38 and a beta of 1.40.

Jabil (NYSE:JBL) last released its quarterly earnings data on Friday, March 15th. The technology company reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.55 by ($0.01). Jabil had a return on equity of 39.47% and a net margin of 4.70%. The business had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.91 billion. Equities analysts anticipate that Jabil will post 7.83 EPS for the current year.

Insider Transactions at Jabil

In related news, Director David M. Stout sold 31,300 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $123.12, for a total transaction of $3,853,656.00. Following the transaction, the director now owns 67,300 shares in the company, valued at $8,285,976. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director David M. Stout sold 31,300 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $123.12, for a total value of $3,853,656.00. Following the completion of the sale, the director now owns 67,300 shares in the company, valued at $8,285,976. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Mark T. Mondello sold 50,000 shares of Jabil stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $126.09, for a total value of $6,304,500.00. Following the transaction, the chairman now directly owns 1,809,194 shares in the company, valued at $228,121,271.46. The disclosure for this sale can be found here. In the last three months, insiders sold 107,177 shares of company stock valued at $13,678,039. Company insiders own 2.62% of the company’s stock.

Institutional Trading of Jabil

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Jabil by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 15,070,238 shares of the technology company’s stock worth $1,919,948,000 after acquiring an additional 1,427,429 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Jabil by 71.2% in the 1st quarter. JPMorgan Chase & Co. now owns 6,232,495 shares of the technology company’s stock worth $549,457,000 after purchasing an additional 2,591,893 shares in the last quarter. State Street Corp raised its holdings in Jabil by 3.0% during the 1st quarter. State Street Corp now owns 4,454,878 shares of the technology company’s stock worth $275,000,000 after buying an additional 127,736 shares during the period. Geode Capital Management LLC lifted its stake in Jabil by 1.5% during the first quarter. Geode Capital Management LLC now owns 1,865,576 shares of the technology company’s stock valued at $164,609,000 after buying an additional 28,420 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Jabil by 230.6% in the first quarter. Invesco Ltd. now owns 1,863,230 shares of the technology company’s stock worth $115,018,000 after buying an additional 1,299,593 shares during the period. 93.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on JBL. The Goldman Sachs Group upped their price objective on Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. Barclays reduced their target price on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a research note on Monday, March 18th. Finally, Argus lowered shares of Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $144.50.

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).