FUKOKU MUTUAL LIFE INSURANCE Co Makes New $474,000 Investment in Jabil Inc. (NYSE:JBL)

FUKOKU MUTUAL LIFE INSURANCE Co bought a new position in Jabil Inc. (NYSE:JBL) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,292 shares of the technology company’s stock, valued at approximately $474,000.

Several other hedge funds also recently bought and sold shares of JBL. Private Advisor Group LLC raised its holdings in Jabil by 4.9% in the third quarter. Private Advisor Group LLC now owns 2,578 shares of the technology company’s stock worth $309,000 after purchasing an additional 120 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Jabil by 11,262.2% during the third quarter. International Assets Investment Management LLC now owns 21,929 shares of the technology company’s stock worth $2,628,000 after acquiring an additional 21,736 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Jabil by 45.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,692 shares of the technology company’s stock worth $941,000 after acquiring an additional 2,401 shares during the period. Arkadios Wealth Advisors acquired a new stake in shares of Jabil during the third quarter worth $315,000. Finally, J.W. Cole Advisors Inc. acquired a new stake in shares of Jabil during the third quarter worth $211,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the completion of the sale, the director now owns 119,108 shares of the company’s stock, valued at approximately $18,021,040.40. The trade was a 14.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Christopher S. Holland sold 3,400 shares of Jabil stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $162.27, for a total transaction of $551,718.00. Following the sale, the director now directly owns 12,900 shares of the company’s stock, valued at $2,093,283. The trade was a 20.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,400 shares of company stock valued at $12,804,458 in the last quarter. Company insiders own 1.73% of the company’s stock.

Jabil Stock Up 0.8 %

Jabil stock opened at $158.81 on Thursday. The company has a fifty day simple moving average of $158.48 and a 200 day simple moving average of $134.16. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $174.80. The company has a market cap of $17.34 billion, a P/E ratio of 15.23, a price-to-earnings-growth ratio of 1.65 and a beta of 1.23. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The company had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.61 billion. During the same quarter last year, the firm posted $2.60 EPS. The company’s quarterly revenue was down 16.6% on a year-over-year basis. Research analysts anticipate that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend is Tuesday, February 18th. Jabil’s dividend payout ratio (DPR) is presently 3.07%.

Analyst Upgrades and Downgrades

JBL has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their price objective on shares of Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a report on Monday. UBS Group raised their price objective on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Stifel Nicolaus restated a “buy” rating and set a $160.00 price objective (up from $150.00) on shares of Jabil in a report on Thursday, December 19th. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Barclays raised their target price on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $158.83.

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).