Pinnacle Wealth Planning Services Inc. bought a new stake in Jabil, Inc. (NYSE:JBL – Free Report) during the second quarter, Holdings Channel reports. The firm bought 1,308 shares of the technology company’s stock, valued at approximately $285,000.
Other institutional investors have also recently bought and sold shares of the company. Allianz Asset Management GmbH increased its stake in shares of Jabil by 15.9% in the first quarter. Allianz Asset Management GmbH now owns 18,502 shares of the technology company’s stock worth $2,518,000 after purchasing an additional 2,534 shares during the period. HighPoint Advisor Group LLC acquired a new stake in Jabil in the 1st quarter valued at approximately $230,000. Y Intercept Hong Kong Ltd increased its position in Jabil by 37.5% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 18,945 shares of the technology company’s stock worth $2,578,000 after buying an additional 5,164 shares during the period. KLP Kapitalforvaltning AS lifted its holdings in shares of Jabil by 95.8% during the first quarter. KLP Kapitalforvaltning AS now owns 78,300 shares of the technology company’s stock worth $10,654,000 after buying an additional 38,300 shares during the last quarter. Finally, Oak Thistle LLC lifted its holdings in shares of Jabil by 57.3% during the first quarter. Oak Thistle LLC now owns 8,961 shares of the technology company’s stock worth $1,219,000 after buying an additional 3,266 shares during the last quarter. Institutional investors own 93.39% of the company’s stock.
Insider Activity at Jabil
In other news, EVP Matthew Crowley sold 3,877 shares of the business’s stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $202.59, for a total value of $785,441.43. Following the sale, the executive vice president owned 58,736 shares in the company, valued at approximately $11,899,326.24. The trade was a 6.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kristine Melachrino sold 6,579 shares of the stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $213.40, for a total transaction of $1,403,958.60. Following the sale, the executive vice president owned 33,718 shares of the company’s stock, valued at $7,195,421.20. This trade represents a 16.33% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 131,762 shares of company stock valued at $27,886,321. Insiders own 1.73% of the company’s stock.
Jabil Price Performance
Jabil (NYSE:JBL – Get Free Report) last announced its quarterly earnings results on Thursday, September 25th. The technology company reported $3.29 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.37. The firm had revenue of $8.25 billion during the quarter, compared to analysts’ expectations of $7.63 billion. Jabil had a net margin of 2.20% and a return on equity of 68.63%. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.30 earnings per share. Jabil has set its Q1 2026 guidance at 2.470-2.870 EPS. FY 2026 guidance at 11.000-11.000 EPS. As a group, research analysts expect that Jabil, Inc. will post 8.05 EPS for the current fiscal year.
Jabil Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.2%. The ex-dividend date is Monday, November 17th. Jabil’s dividend payout ratio is currently 5.37%.
Wall Street Analyst Weigh In
JBL has been the topic of a number of research reports. Bank of America boosted their target price on shares of Jabil from $245.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. UBS Group set a $241.00 price objective on shares of Jabil in a report on Sunday, September 28th. Raymond James Financial set a $260.00 price objective on shares of Jabil in a research report on Thursday, September 25th. Zacks Research downgraded Jabil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. Finally, Wall Street Zen upgraded Jabil from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $248.43.
Read Our Latest Stock Report on JBL
Jabil Company 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).
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