Captrust Financial Advisors Buys 20,224 Shares of Service Co. International (NYSE:SCI)

Captrust Financial Advisors increased its stake in shares of Service Co. International (NYSE:SCI - Free Report) by 97.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,876 shares of the company's stock after purchasing an additional 20,224 shares during the quarter. Captrust Financial Advisors' holdings in Service Co. International were worth $3,263,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. T. Rowe Price Investment Management Inc. boosted its stake in Service Co. International by 5.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 8,952,636 shares of the company's stock worth $714,600,000 after acquiring an additional 492,822 shares during the last quarter. FMR LLC raised its stake in Service Co. International by 70.2% during the 4th quarter. FMR LLC now owns 6,901,982 shares of the company's stock worth $550,916,000 after buying an additional 2,846,159 shares during the period. Geode Capital Management LLC increased its holdings in shares of Service Co. International by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 3,239,331 shares of the company's stock worth $258,624,000 after acquiring an additional 27,429 shares in the last quarter. Swedbank AB raised its holdings in Service Co. International by 1.7% during the 4th quarter. Swedbank AB now owns 2,950,020 shares of the company's stock worth $235,471,000 after buying an additional 50,000 shares during the period. Finally, Northern Trust Corp boosted its stake in Service Co. International by 24.9% in the 4th quarter. Northern Trust Corp now owns 1,650,384 shares of the company's stock worth $131,734,000 after purchasing an additional 328,686 shares during the period. Institutional investors and hedge funds own 85.53% of the company's stock.

Insider Buying and Selling

In other Service Co. International news, CEO Thomas L. Ryan sold 50,000 shares of the company'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 transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Tony Coelho sold 6,500 shares of Service Co. International stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $79.29, for a total value of $515,385.00. Following the sale, the director now directly owns 46,824 shares of the company's stock, valued at $3,712,674.96. This represents a 12.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 61,900 shares of company stock valued at $5,153,461. Company insiders own 4.40% of the company's stock.

Service Co. International Trading Up 0.3 %

Shares of NYSE:SCI opened at $75.74 on Friday. Service Co. International has a 52-week low of $68.51 and a 52-week high of $89.37. 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 company has a market capitalization of $10.78 billion, a P/E ratio of 21.34, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96. The company has a 50-day simple moving average of $78.26 and a 200 day simple moving average of $80.21.

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

Service Co. International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.69%. 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 subject of several recent research reports. UBS Group reduced their price objective on Service Co. International from $90.00 to $88.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. StockNews.com upgraded shares of Service Co. International from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Service Co. International presently has an average rating of "Moderate Buy" and an average 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.

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