7,454 Shares in Service Co. International (NYSE:SCI) Purchased by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP acquired a new position in shares of Service Co. International (NYSE:SCI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,454 shares of the company's stock, valued at approximately $595,000.

Several other hedge funds have also added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new stake in shares of Service Co. International during the 4th quarter worth approximately $25,000. Quarry LP increased its position in Service Co. International by 359.8% in the fourth quarter. Quarry LP now owns 469 shares of the company's stock worth $37,000 after buying an additional 367 shares during the last quarter. Mizuho Bank Ltd. purchased a new stake in Service Co. International in the fourth quarter worth $40,000. Resona Asset Management Co. Ltd. bought a new stake in shares of Service Co. International in the fourth quarter valued at $40,000. Finally, Vision Financial Markets LLC purchased a new position in shares of Service Co. International during the 4th quarter valued at $52,000. Institutional investors own 85.53% of the company's stock.

Service Co. International Stock Performance

Shares of SCI opened at $75.22 on Thursday. Service Co. International has a 52-week low of $68.51 and a 52-week high of $89.37. The stock's 50-day simple moving average is $78.01 and its 200 day simple moving average is $80.19. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.48 and a current ratio of 0.52. The stock has a market capitalization of $10.71 billion, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96.

Service Co. International (NYSE:SCI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.05. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. The firm had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.06 billion. During the same period in the prior year, the business posted $0.89 earnings per share. The company's revenue was up 2.8% on a year-over-year basis. Research analysts forecast that Service Co. International will post 3.84 EPS for the current fiscal year.

Service Co. International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Friday, June 13th. Service Co. International's dividend payout ratio is presently 35.16%.

Analysts Set New Price Targets

SCI has been the topic of a number of research reports. StockNews.com upgraded Service Co. International from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. UBS Group lowered their price target on shares of Service Co. International from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $89.25.

Insider Buying and Selling at Service Co. International

In other Service Co. International news, CEO Thomas L. Ryan sold 50,000 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $84.56, for a total value of $4,228,000.00. Following the transaction, the chief executive officer now directly owns 982,333 shares in the company, valued at $83,066,078.48. This represents a 4.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tony Coelho sold 6,500 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $79.29, for a total value of $515,385.00. Following the completion of the sale, the director now directly owns 46,824 shares in the company, valued at approximately $3,712,674.96. The trade was a 12.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 61,900 shares of company stock valued at $5,153,461 in the last three months. Company insiders own 4.40% of the company's stock.

About Service Co. International

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.

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