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

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

A number of other institutional investors have also made changes to their positions in the business. Cetera Investment Advisers boosted its position in Jabil by 141.7% during the first quarter. Cetera Investment Advisers now owns 17,350 shares of the technology company’s stock worth $2,324,000 after purchasing an additional 10,173 shares during the period. CCM Investment Advisers LLC boosted its holdings in shares of Jabil by 6.0% during the 2nd quarter. CCM Investment Advisers LLC now owns 149,208 shares of the technology company’s stock worth $16,232,000 after buying an additional 8,405 shares during the period. Foster & Motley Inc. grew its stake in Jabil by 8.7% in the 3rd quarter. Foster & Motley Inc. now owns 52,173 shares of the technology company’s stock valued at $6,252,000 after buying an additional 4,181 shares during the last quarter. Comerica Bank raised its holdings in Jabil by 68.5% in the 1st quarter. Comerica Bank now owns 42,709 shares of the technology company’s stock valued at $5,721,000 after acquiring an additional 17,355 shares during the period. Finally, Nicola Wealth Management LTD. lifted its position in Jabil by 54.9% during the third quarter. Nicola Wealth Management LTD. now owns 39,500 shares of the technology company’s stock worth $4,733,000 after acquiring an additional 14,000 shares during the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Jabil

In related news, EVP Frederic E. Mccoy sold 4,283 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $122.28, for a total value of $523,725.24. Following the sale, the executive vice president now directly owns 142,472 shares of the company’s stock, valued at $17,421,476.16. This trade represents a 2.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $124.70, for a total value of $2,494,000.00. Following the completion of the transaction, the director now owns 139,108 shares in the company, valued at approximately $17,346,767.60. This represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,689 shares of company stock valued at $5,377,431 over the last three months. 2.62% of the stock is owned by insiders.

Jabil Price Performance

Shares of NYSE JBL opened at $131.12 on Monday. The business has a fifty day moving average price of $123.82 and a two-hundred day moving average price of $115.81. The stock has a market capitalization 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 debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.72. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $156.94.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.08. The business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.59 billion. Jabil had a return on equity of 42.64% and a net margin of 4.81%. Jabil’s revenue for the quarter was down 17.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.34 earnings per share. As a group, equities analysts predict that Jabil Inc. will post 7.84 earnings per share for the current fiscal year.

Jabil Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently commented on JBL. Barclays upped their target price on Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. JPMorgan Chase & Co. decreased their price objective on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Bank of America lifted their target price on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, Stifel Nicolaus boosted their target price 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. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Jabil presently has an average rating of “Moderate Buy” and an average price target of $143.50.

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).