Cerity Partners LLC decreased its position in Service Co. International (NYSE:SCI - Free Report) by 21.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,614 shares of the company's stock after selling 11,249 shares during the period. Cerity Partners LLC's holdings in Service Co. International were worth $3,216,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in Service Co. International during the 4th quarter worth $25,000. Mizuho Bank Ltd. acquired a new stake in Service Co. International in the 4th quarter valued at about $40,000. Resona Asset Management Co. Ltd. purchased a new position in Service Co. International in the 4th quarter worth approximately $40,000. Vision Financial Markets LLC acquired a new position in shares of Service Co. International during the 4th quarter worth approximately $52,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Service Co. International in the fourth quarter valued at approximately $60,000. Institutional investors and hedge funds own 85.53% of the company's stock.
Insider Activity at Service Co. International
In other news, CEO Thomas L. Ryan sold 50,000 shares of Service Co. International 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 completion of the sale, the chief executive officer now directly owns 982,333 shares of the company's stock, valued at approximately $83,066,078.48. The trade was a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Tony Coelho sold 6,500 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $79.29, for a total value of $515,385.00. Following the transaction, 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. 4.40% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Service Co. International from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $88.50.
Get Our Latest Stock Analysis on Service Co. International
Service Co. International Trading Up 1.2 %
Service Co. International stock traded up $0.90 during mid-day trading on Friday, hitting $77.55. The company's stock had a trading volume of 875,110 shares, compared to its average volume of 1,031,018. The stock's fifty day moving average is $78.71 and its two-hundred day moving average is $79.96. 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 firm has a market capitalization of $11.17 billion, a PE ratio of 21.85, a price-to-earnings-growth 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 issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.06 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.06. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. On average, analysts anticipate that Service Co. International will post 3.84 EPS for the current year.
Service Co. International Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.32 per share. The ex-dividend date was Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.65%. This is a boost from Service Co. International's previous quarterly dividend of $0.31. Service Co. International's dividend payout ratio (DPR) is presently 36.06%.
About Service Co. International
(
Free Report)
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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