CCM Investment Advisers LLC Has $23.70 Million Holdings in Jabil Inc. (NYSE:JBL)

CCM Investment Advisers LLC lifted its stake in shares of Jabil Inc. (NYSE:JBL) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 164,665 shares of the technology company’s stock after purchasing an additional 1,201 shares during the quarter. Jabil accounts for about 2.6% of CCM Investment Advisers LLC’s portfolio, making the stock its 8th largest position. CCM Investment Advisers LLC’s holdings in Jabil were worth $23,695,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in JBL. HHM Wealth Advisors LLC bought a new position in Jabil in the 2nd quarter valued at approximately $28,000. Capital Performance Advisors LLP acquired a new position in shares of Jabil during the third quarter worth $32,000. Brooklyn Investment Group bought a new stake in shares of Jabil in the third quarter worth $39,000. Matrix Trust Co increased its holdings in Jabil by 135.4% in the third quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock valued at $45,000 after purchasing an additional 214 shares during the period. Finally, Armstrong Advisory Group Inc. raised its position in Jabil by 114.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company’s stock worth $51,000 after purchasing an additional 228 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Bank of America upped their target price on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a report on Friday, September 27th. The Goldman Sachs Group lifted their price objective on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. StockNews.com cut Jabil from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 19th. UBS Group boosted their price target on Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $160.00 price objective (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Jabil currently has a consensus rating of “Moderate Buy” and an average target price of $153.17.

Insider Buying and Selling

In related news, EVP Frederic E. Mccoy sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total transaction of $599,240.00. Following the sale, the executive vice president now owns 138,472 shares of the company’s stock, valued at approximately $20,744,490.32. This represents a 2.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $124.70, for a total value of $2,494,000.00. Following the completion of the sale, the director now owns 139,108 shares in the company, valued at $17,346,767.60. This trade represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,689 shares of company stock valued at $5,501,871. 1.73% of the stock is owned by company insiders.

Jabil Stock Up 0.1 %

Shares of NYSE:JBL traded up $0.11 during midday trading on Friday, hitting $154.06. 372,890 shares of the company’s stock were exchanged, compared to its average volume of 1,225,948. 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 12 month low of $95.85 and a 12 month high of $156.94. The company has a market cap of $17.21 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 1.58 and a beta of 1.23. The stock has a 50 day moving average price of $137.70 and a 200-day moving average price of $121.20.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. The firm had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.61 billion. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The business’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.60 EPS. On average, sell-side analysts anticipate that Jabil Inc. will post 7.89 EPS for the current fiscal year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, November 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.21%. Jabil’s payout ratio is currently 3.07%.

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).