AlTi Global Inc. Sells 13,198 Shares of Service Co. International (NYSE:SCI)

AlTi Global Inc. reduced its stake in Service Co. International (NYSE:SCI - Free Report) by 45.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,814 shares of the company's stock after selling 13,198 shares during the period. AlTi Global Inc.'s holdings in Service Co. International were worth $1,262,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of Service Co. International during the fourth quarter worth $25,000. Quarry LP increased its holdings in Service Co. International by 359.8% in the 4th quarter. Quarry LP now owns 469 shares of the company's stock worth $37,000 after purchasing an additional 367 shares in the last quarter. Mizuho Bank Ltd. bought a new position in Service Co. International in the fourth quarter valued at about $40,000. Resona Asset Management Co. Ltd. acquired a new stake in shares of Service Co. International during the fourth quarter valued at about $40,000. Finally, Vision Financial Markets LLC bought a new stake in shares of Service Co. International during the fourth quarter worth about $52,000. 85.53% of the stock is owned by institutional investors.

Insider Transactions at Service Co. International

In other Service Co. International news, Director Tony Coelho sold 5,400 shares of Service Co. International stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $75.94, for a total transaction of $410,076.00. Following the completion of the transaction, the director now owns 43,938 shares in the company, valued at approximately $3,336,651.72. The trade was a 10.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas L. Ryan sold 50,000 shares of the business's stock in a transaction that occurred 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 $83,066,078.48. This represents a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 61,900 shares of company stock valued at $5,153,461 over the last ninety days. 4.40% of the stock is owned by company insiders.

Service Co. International Trading Up 0.4 %

SCI stock traded up $0.27 during midday trading on Friday, hitting $75.77. The stock had a trading volume of 388,282 shares, compared to its average volume of 1,049,794. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.83. The business has a fifty day moving average price of $78.42 and a two-hundred day moving average price of $80.19. Service Co. International has a 1-year low of $68.51 and a 1-year high of $89.37. The firm has a market cap of $10.79 billion, a P/E ratio of 21.34, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96.

Service Co. International (NYSE:SCI - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.96 EPS for the quarter, topping 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 business had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.06 billion. During the same quarter last year, the firm posted $0.89 earnings per share. The firm's revenue was up 2.8% on a year-over-year basis. On average, sell-side analysts predict that Service Co. International will post 3.84 earnings per share for the current fiscal year.

Service Co. International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.28 annualized dividend and a dividend yield of 1.69%. Service Co. International's dividend payout ratio is 35.16%.

Analyst Ratings Changes

A number of research analysts recently issued reports on SCI shares. UBS Group dropped their price objective on shares of Service Co. International from $90.00 to $88.00 and set a "buy" rating for the company in a report on Friday, May 2nd. StockNews.com raised Service Co. International from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Service Co. International presently has a consensus rating of "Moderate Buy" and a consensus price target of $89.25.

Service Co. International Profile

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.