Hancock Whitney Corp Has $4.97 Million Position in Jabil Inc. (NYSE:JBL)

Hancock Whitney Corp trimmed its position in Jabil Inc. (NYSE:JBL) by 72.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,468 shares of the technology company’s stock after selling 111,166 shares during the period. Hancock Whitney Corp’s holdings in Jabil were worth $4,969,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. HHM Wealth Advisors LLC acquired a new stake in Jabil in the second quarter worth $28,000. Capital Performance Advisors LLP bought a new stake in shares of Jabil in the 3rd quarter valued at $32,000. Innealta Capital LLC bought a new stake in shares of Jabil in the 2nd quarter valued at $31,000. Family Firm Inc. acquired a new stake in Jabil during the 2nd quarter worth $37,000. Finally, Matrix Trust Co lifted its holdings in Jabil by 135.4% during the third quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock worth $45,000 after acquiring an additional 214 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Jabil Stock Performance

Shares of JBL stock opened at $131.12 on Monday. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $156.94. The company’s fifty day simple moving average is $123.82 and its 200-day simple moving average is $115.81. The firm has a market cap of $14.80 billion, a PE ratio of 11.90, a P/E/G ratio of 1.55 and a beta of 1.24. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 EPS for the quarter, topping the consensus estimate of $2.22 by $0.08. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The firm had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.59 billion. During the same period in the previous year, the firm posted $2.34 EPS. The company’s revenue for the quarter was down 17.7% on a year-over-year basis. Equities research analysts expect that Jabil Inc. will post 7.84 EPS for the current fiscal year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 15th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, November 15th. This represents a $0.32 annualized dividend and a yield of 0.24%. Jabil’s dividend payout ratio (DPR) is presently 2.90%.

Analysts Set New Price Targets

A number of research firms recently issued reports on JBL. Barclays raised their target price on shares of Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Bank of America increased their price objective on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Stifel Nicolaus boosted their price objective on shares of Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, JPMorgan Chase & Co. lowered their target price on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $143.50.

Insider Buying and Selling at Jabil

In other Jabil news, SVP Francis Mckay sold 11,755 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the sale, the senior vice president now directly owns 41,507 shares of the company’s stock, valued at approximately $5,051,816.97. This represents a 22.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Frederic E. Mccoy sold 4,283 shares of the stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $122.28, for a total transaction of $523,725.24. Following the completion of the sale, the executive vice president now owns 142,472 shares of the company’s stock, valued at approximately $17,421,476.16. This represents a 2.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,689 shares of company stock worth $5,377,431 over the last ninety days. 2.62% of the stock is currently owned by corporate insiders.

About Jabil

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).