FMR LLC Discloses 7.089% Passive Stake in Jabil Inc.
Ticker: JBL · Form: SC 13G · Filed: Feb 9, 2024 · CIK: 898293
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**FMR LLC just revealed a 7.089% stake in Jabil, a big institutional vote of confidence.**
AI Summary
FMR LLC, a major investment management firm, and its principal owner, Abigail P. Johnson, have disclosed a significant stake in Jabil Inc. As of December 31, 2023, FMR LLC beneficially owns 9,070,728 shares of Jabil's common stock, representing 7.089% of the company. This filing indicates a substantial, passive investment by a prominent institutional investor, signaling their confidence in Jabil's long-term prospects.
Why It Matters
This filing shows a major institutional investor, FMR LLC, has a significant stake in Jabil, which can be seen as a vote of confidence and may attract other investors.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a large institution, which generally reduces volatility and signals stability.
Analyst Insight
A smart investor would view this as a positive signal, suggesting institutional confidence in Jabil Inc., and might consider further research into Jabil's fundamentals.
Key Numbers
- 9,070,728 — Shares Beneficially Owned (Represents the total number of Jabil Inc. common shares FMR LLC and Abigail P. Johnson have the right to acquire or control.)
- 7.089% — Percent of Class (Indicates the significant portion of Jabil Inc.'s common stock owned by FMR LLC and Abigail P. Johnson, making them a major shareholder.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- JABIL INC (company) — issuer of the common stock
- Abigail P. Johnson (person) — reporting person, likely associated with FMR LLC
- 9,070,728 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 7.089% (dollar_amount) — percentage of class owned by FMR LLC and Abigail P. Johnson
Forward-Looking Statements
- FMR LLC will maintain its significant stake in Jabil Inc. for the foreseeable future. (FMR LLC) — high confidence, target: 12-2024
- Jabil Inc.'s stock price may experience increased stability due to the presence of a large institutional investor. (JABIL INC) — medium confidence, target: 08-2024
FAQ
Who is the primary entity reporting this ownership stake in Jabil Inc.?
The primary entity reporting this ownership stake is FMR LLC, as stated in Item 1 of the filing.
What percentage of Jabil Inc.'s common stock does FMR LLC beneficially own?
FMR LLC beneficially owns 7.089% of Jabil Inc.'s common stock, as indicated in Item 11 on the cover page and Item 4(b) of the filing.
How many shares of Jabil Inc. common stock does FMR LLC beneficially own?
FMR LLC beneficially owns 9,070,728 shares of Jabil Inc. common stock, as reported in Item 7 on the cover page and Item 4(a) of the filing.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box on the first page of the filing.
What is the CUSIP number for Jabil Inc.'s common stock?
The CUSIP number for Jabil Inc.'s common stock is 466313103, as stated in the filing.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding JABIL INC (JBL).