EP Wealth Advisors LLC acquired a new stake in shares of Jabil, Inc. (NYSE:JBL – Free Report) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 12,794 shares of the technology company’s stock, valued at approximately $4,932,000.
Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Jabil during the 2nd quarter valued at approximately $3,905,704,000. State Street Corp raised its holdings in shares of Jabil by 0.7% during the 3rd quarter. State Street Corp now owns 5,199,646 shares of the technology company’s stock worth $1,129,207,000 after acquiring an additional 36,646 shares in the last quarter. Primecap Management Co. CA boosted its position in shares of Jabil by 0.4% during the 4th quarter. Primecap Management Co. CA now owns 3,343,670 shares of the technology company’s stock valued at $762,424,000 after acquiring an additional 12,600 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Jabil by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 2,913,157 shares of the technology company’s stock valued at $661,783,000 after acquiring an additional 42,422 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Jabil by 45.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,884,545 shares of the technology company’s stock valued at $429,714,000 after purchasing an additional 591,364 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.
Insider Activity
In other news, EVP Matthew Crowley sold 94 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $345.00, for a total transaction of $32,430.00. Following the transaction, the executive vice president owned 57,536 shares of the company’s stock, valued at approximately $19,849,920. This represents a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.35% of the stock is owned by company insiders.
Jabil Trading Down 1.2%
Jabil (NYSE:JBL – Get Free Report) last released its earnings results on Wednesday, June 17th. The technology company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.06. Jabil had a net margin of 2.57% and a return on equity of 83.93%. The firm had revenue of $8.75 billion during the quarter, compared to analyst estimates of $8.61 billion. During the same quarter last year, the business earned $2.55 EPS. The business’s revenue was up 11.8% on a year-over-year basis. Jabil has set its FY 2026 guidance at 12.700-12.700 EPS and its Q4 2026 guidance at 3.800-4.200 EPS. As a group, analysts anticipate that Jabil, Inc. will post 11.71 earnings per share for the current year.
Jabil Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.32 annualized dividend and a yield of 0.1%. Jabil’s dividend payout ratio (DPR) is presently 4.00%.
Analyst Ratings Changes
A number of research firms recently issued reports on JBL. Barclays upped their price target on shares of Jabil from $304.00 to $426.00 and gave the company an “overweight” rating in a research note on Thursday, June 18th. Stifel Nicolaus set a $460.00 price objective on shares of Jabil and gave the stock a “buy” rating in a research note on Thursday, June 18th. Zacks Research downgraded shares of Jabil from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. JPMorgan Chase & Co. upped their target price on shares of Jabil from $395.00 to $450.00 and gave the company an “overweight” rating in a research report on Thursday, June 18th. Finally, Argus set a $475.00 price target on shares of Jabil in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $453.67.
Get Our Latest Stock Analysis on Jabil
Jabil Company Profile
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.
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