Deutsche Bank AG Raises Stock Position in Service Co. International (NYSE:SCI)

Deutsche Bank AG lifted its position in shares of Service Co. International (NYSE:SCI - Free Report) by 17.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,015,266 shares of the company's stock after purchasing an additional 150,539 shares during the quarter. Deutsche Bank AG owned 0.70% of Service Co. International worth $81,039,000 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 stake in Service Co. International by 94.5% in the 3rd quarter. Barclays PLC now owns 123,375 shares of the company's stock valued at $9,738,000 after acquiring an additional 59,956 shares during the period. Franklin Resources Inc. grew its stake in Service Co. International by 263.1% in the 3rd 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 acquired a new stake in Service Co. International in the 4th quarter valued at $307,000. Assenagon Asset Management S.A. acquired a new stake in Service Co. International in the 4th quarter valued at $3,229,000. Finally, Argent Capital Management LLC grew its stake in Service Co. International by 41.9% in the 4th 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. Institutional investors and hedge funds own 85.53% of the company's stock.

Service Co. International Price Performance

SCI traded up $1.62 on Friday, hitting $78.57. 1,249,340 shares of the company's stock were exchanged, compared to its average volume of 1,063,395. Service Co. International has a fifty-two week low of $68.51 and a fifty-two week 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. The firm has a 50-day moving average price of $77.84 and a 200-day moving average price of $80.24. The stock 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 (NYSE:SCI - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.05. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. The company had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.06 billion. During the same quarter in the previous year, the company posted $0.89 EPS. The firm's quarterly revenue was up 2.8% on a year-over-year basis. As a group, equities analysts anticipate that Service Co. International will post 3.84 earnings per share for the current year.

Service Co. International Announces Dividend

The business also recently declared 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 1.63%. Service Co. International's dividend payout ratio is presently 35.16%.

Analysts Set New Price Targets

A number of research firms recently issued reports on SCI. StockNews.com raised shares of Service Co. International from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. UBS Group dropped their price target on shares of Service Co. International from $90.00 to $88.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.25.

Insider Transactions at Service Co. International

In other news, Director Tony Coelho sold 5,400 shares of Service Co. International stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $75.94, for a total transaction of $410,076.00. Following the transaction, the director now owns 43,938 shares in the company, valued at $3,336,651.72. The trade was a 10.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Thomas L. Ryan sold 50,000 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $84.56, for a total transaction of $4,228,000.00. Following the completion of the sale, 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 ownership of the stock. 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 in the last quarter. Company insiders own 4.40% of the company's stock.

Service Co. International Company 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.