Monument Capital Management Purchases 226 Shares of Jabil Inc. (NYSE:JBL)

Monument Capital Management increased its position in shares of Jabil Inc. (NYSE:JBL) by 1.1% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 20,996 shares of the technology company’s stock after buying an additional 226 shares during the quarter. Monument Capital Management’s holdings in Jabil were worth $2,812,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings 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 buying an additional 1,427,429 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Jabil by 0.7% during the 3rd quarter. Wellington Management Group LLP now owns 5,392,355 shares of the technology company’s stock worth $684,236,000 after buying an additional 36,560 shares during the period. Norges Bank bought a new stake in shares of Jabil during the 4th quarter worth $192,964,000. Artisan Partners Limited Partnership boosted its holdings in shares of Jabil by 36.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,339,559 shares of the technology company’s stock worth $170,660,000 after buying an additional 359,818 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Jabil by 29.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,111,281 shares of the technology company’s stock worth $141,577,000 after buying an additional 249,889 shares during the period. 93.39% of the stock is owned by institutional investors.

Jabil Price Performance

Shares of JBL stock traded up $1.28 during mid-day trading on Wednesday, reaching $109.81. The company’s stock had a trading volume of 444,581 shares, compared to its average volume of 1,486,169. Jabil Inc. has a 1-year low of $100.18 and a 1-year high of $156.94. The company has a market cap of $13.24 billion, a P/E ratio of 9.88, a PEG ratio of 1.94 and a beta of 1.27. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.74 and a current ratio of 1.13. The firm’s 50-day moving average is $116.97 and its two-hundred day moving average is $127.49.

Jabil (NYSE:JBL) last announced its earnings results on Thursday, June 20th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. The business had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.53 billion. Jabil had a net margin of 4.63% and a return on equity of 40.30%. The firm’s revenue for the quarter was down 20.2% on a year-over-year basis. During the same quarter last year, the company posted $1.85 EPS. On average, research analysts predict that Jabil Inc. will post 7.86 earnings per share for the current year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date was Tuesday, May 14th. Jabil’s dividend payout ratio (DPR) is currently 2.91%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on JBL shares. Argus downgraded shares of Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Barclays reduced their price target on shares of Jabil from $149.00 to $135.00 and set an “overweight” rating for the company in a report on Friday, June 21st. UBS Group reduced their price target on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, June 21st. Bank of America reduced their price target on shares of Jabil from $150.00 to $135.00 and set a “buy” rating for the company in a report on Friday, June 21st. Finally, StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $142.63.

Insider Buying and Selling

In other Jabil news, SVP May Yee Yap sold 7,877 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $139.65, for a total value of $1,100,023.05. Following the completion of the sale, the senior vice president now owns 29,006 shares in the company, valued at approximately $4,050,687.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Jabil news, SVP May Yee Yap sold 7,877 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $139.65, for a total value of $1,100,023.05. Following the completion of the sale, the senior vice president now owns 29,006 shares in the company, valued at approximately $4,050,687.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kenneth S. Wilson sold 15,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the completion of the sale, the chief executive officer now owns 339,725 shares of the company’s stock, valued at approximately $45,591,095. The disclosure for this sale can be found here. 2.62% of the stock is currently owned by corporate 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).