Sigma Planning Corp decreased its stake in shares of Jabil, Inc. (NYSE:JBL – Free Report) by 29.9% in the first quarter, Holdings Channel.com reports. The fund owned 4,280 shares of the technology company’s stock after selling 1,823 shares during the period. Sigma Planning Corp’s holdings in Jabil were worth $1,137,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Jabil during the 4th quarter valued at about $407,299,000. JPMorgan Chase & Co. increased 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 worth $429,714,000 after purchasing an additional 591,364 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Jabil in the fourth quarter worth about $121,710,000. M&T Bank Corp lifted its position in shares of Jabil by 2,833.4% in the fourth quarter. M&T Bank Corp now owns 348,987 shares of the technology company’s stock worth $79,576,000 after buying an additional 337,090 shares in the last quarter. Finally, Amundi boosted its stake in Jabil by 55.3% during the third quarter. Amundi now owns 704,246 shares of the technology company’s stock valued at $142,399,000 after buying an additional 250,626 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, EVP Andrew Priestley sold 3,169 shares of the company’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $330.00, for a total transaction of $1,045,770.00. Following the transaction, the executive vice president directly owned 57,098 shares in the company, valued at approximately $18,842,340. This represents a 5.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Gary K. Schick sold 1,000 shares of the stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $340.00, for a total transaction of $340,000.00. Following the completion of the sale, the senior vice president directly owned 39,843 shares in the company, valued at $13,546,620. This trade represents a 2.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 4,263 shares of company stock valued at $1,418,200. Company insiders own 1.35% of the company’s stock.
Jabil Price Performance
Jabil (NYSE:JBL – Get Free Report) last issued its quarterly earnings results on Wednesday, June 17th. The technology company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.06. The company had revenue of $8.75 billion during the quarter, compared to the consensus estimate of $8.61 billion. Jabil had a return on equity of 83.93% and a net margin of 2.57%.Jabil’s revenue was up 11.8% on a year-over-year basis. During the same period last year, the company earned $2.55 earnings per share. Jabil has set its FY 2026 guidance at 12.700-12.700 EPS and its Q4 2026 guidance at 3.800-4.200 EPS. Equities analysts expect that Jabil, Inc. will post 11.71 EPS for the current year.
Jabil Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Friday, August 14th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. Jabil’s payout ratio is currently 4.00%.
Wall Street Analyst Weigh In
JBL has been the topic of a number of research reports. Barclays lifted their price objective on Jabil from $304.00 to $426.00 and gave the stock an “overweight” rating in a research note on Thursday, June 18th. Zacks Research raised shares of Jabil from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. boosted their price target on shares of Jabil from $395.00 to $450.00 and gave the stock an “overweight” rating in a research report on Thursday, June 18th. Stifel Nicolaus set a $460.00 price target on shares of Jabil and gave the company a “buy” rating in a research note on Thursday, June 18th. Finally, Bank of America reiterated a “buy” rating and set a $470.00 price objective on shares of Jabil in a research report on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $453.67.
Check Out Our Latest Report on JBL
About Jabil
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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