Service Co. International (NYSE:SCI) Stock Holdings Trimmed by Cresset Asset Management LLC

Cresset Asset Management LLC lowered its holdings in Service Co. International (NYSE:SCI - Free Report) by 41.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,746 shares of the company's stock after selling 7,541 shares during the period. Cresset Asset Management LLC's holdings in Service Co. International were worth $858,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SCI. Barclays PLC grew its position in shares of Service Co. International by 94.5% in the third quarter. Barclays PLC now owns 123,375 shares of the company's stock valued at $9,738,000 after purchasing an additional 59,956 shares during the period. Franklin Resources Inc. grew its position in 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 during the period. Oak Thistle LLC purchased a new stake in Service Co. International during the fourth quarter valued at about $307,000. Assenagon Asset Management S.A. purchased a new stake in Service Co. International during the fourth quarter valued at about $3,229,000. Finally, Argent Capital Management LLC grew its position in Service Co. International by 41.9% during the fourth quarter. Argent Capital Management LLC now owns 47,113 shares of the company's stock valued at $3,761,000 after acquiring an additional 13,916 shares during the period. Hedge funds and other institutional investors own 85.53% of the company's stock.

Service Co. International Stock Up 2.1%

Shares of SCI traded up $1.62 during midday trading on Friday, reaching $78.57. 1,249,340 shares of the company were exchanged, compared to its average volume of 1,063,395. The stock has a 50-day moving average price of $77.84 and a 200-day moving average price of $80.23. The company has a market cap of $11.19 billion, a price-to-earnings ratio of 22.13, a P/E/G ratio of 1.90 and a beta of 0.96. Service Co. International has a 1-year low of $68.51 and a 1-year high of $89.37. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.83.

Service Co. International (NYSE:SCI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.05. The company had revenue of $1.07 billion for 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 firm's quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 earnings per share. Research analysts expect that Service Co. International will post 3.84 earnings per share for the current year.

Service Co. International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 1.63%. The ex-dividend date is Friday, June 13th. Service Co. International's dividend payout ratio is presently 35.16%.

Insiders Place Their Bets

In related news, Director Tony Coelho sold 5,400 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $75.94, for a total value of $410,076.00. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Thomas L. Ryan sold 50,000 shares of the business'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 completion of the transaction, the chief executive officer now owns 982,333 shares in the company, 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. Insiders have sold a total of 61,900 shares of company stock worth $5,153,461 over the last quarter. 4.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

SCI has been the subject of a number of research reports. UBS Group lowered their price target 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 raised Service Co. International from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.