Service Co. International (NYSE:SCI) Shares Sold by Alpine Peaks Capital LP

Alpine Peaks Capital LP trimmed its position in shares of Service Co. International (NYSE:SCI - Free Report) by 29.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 66,341 shares of the company's stock after selling 27,255 shares during the quarter. Service Co. International comprises about 4.3% of Alpine Peaks Capital LP's investment portfolio, making the stock its 14th largest holding. Alpine Peaks Capital LP's holdings in Service Co. International were worth $5,295,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Franklin Resources Inc. increased its holdings in shares of Service Co. International by 263.1% during the third quarter. Franklin Resources Inc. now owns 15,912 shares of the company's stock valued at $1,206,000 after acquiring an additional 11,530 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new position in Service Co. International during the fourth quarter valued at $340,000. Allspring Global Investments Holdings LLC lifted its holdings in Service Co. International by 1.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 185,277 shares of the company's stock valued at $14,348,000 after purchasing an additional 3,375 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Service Co. International by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 920,222 shares of the company's stock valued at $73,452,000 after purchasing an additional 5,074 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Service Co. International during the fourth quarter worth about $3,229,000. 85.53% of the stock is currently owned by institutional investors.

Service Co. International Price Performance

Shares of NYSE SCI traded up $0.18 during mid-day trading on Tuesday, reaching $79.88. The company's stock had a trading volume of 226,214 shares, compared to its average volume of 1,237,836. The stock has a 50-day moving average of $78.80 and a two-hundred day moving average of $80.15. 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 $11.51 billion, a P/E ratio of 22.50, a P/E/G ratio of 1.90 and a beta of 0.81. Service Co. International has a 1-year low of $67.19 and a 1-year high of $89.37.

Service Co. International (NYSE:SCI - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.06 EPS for the quarter, meeting analysts' consensus estimates of $1.06. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. On average, equities research analysts anticipate that Service Co. International will post 3.84 EPS for the current fiscal year.

Service Co. International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a yield of 1.60%. This is a positive change from Service Co. International's previous quarterly dividend of $0.31. Service Co. International's payout ratio is 36.06%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Service Co. International from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $88.50.

Insider Buying and Selling at Service Co. International

In other news, Director Tony Coelho sold 6,500 shares of Service Co. International stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $79.29, for a total transaction of $515,385.00. Following the sale, the director now owns 46,824 shares of the company's stock, valued at approximately $3,712,674.96. The trade was a 12.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas L. Ryan sold 50,000 shares of the firm's stock in a transaction on 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 sale, the chief executive officer now directly owns 982,333 shares of the company's stock, valued at approximately $83,066,078.48. This trade represents a 4.84 % decrease in their position. The disclosure for this sale can be found here. 4.40% of the stock is owned by company insiders.

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.