Dimensional Fund Advisors LP cut its stake in Service Co. International (NYSE:SCI - Free Report) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,794,520 shares of the company's stock after selling 110,904 shares during the period. Dimensional Fund Advisors LP owned 1.24% of Service Co. International worth $143,240,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of SCI. SBI Securities Co. Ltd. acquired a new position in shares of Service Co. International in the 4th quarter worth $25,000. Mizuho Bank Ltd. acquired a new position in Service Co. International in the fourth quarter worth approximately $40,000. Resona Asset Management Co. Ltd. bought a new position in shares of Service Co. International during the 4th quarter valued at $40,000. Vision Financial Markets LLC bought a new position in Service Co. International during the fourth quarter valued at about $52,000. Finally, GeoWealth Management LLC acquired a new stake in Service Co. International in the 4th quarter worth approximately $53,000. 85.53% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of 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 given a buy rating to the stock. Based on data from MarketBeat.com, Service Co. International presently has a consensus rating of "Moderate Buy" and an average target price of $88.50.
Read Our Latest Stock Analysis on SCI
Insider Buying and Selling at Service Co. International
In other news, Director Tony Coelho sold 6,500 shares of Service Co. International stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $79.29, for a total transaction of $515,385.00. Following the completion of the sale, the director now owns 46,824 shares in the company, valued at $3,712,674.96. The trade was a 12.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas L. Ryan sold 50,000 shares of the company's stock in a transaction on 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 sale, the chief executive officer now owns 982,333 shares of the company's stock, valued at $83,066,078.48. The trade was a 4.84 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.40% of the company's stock.
Service Co. International Stock Performance
Shares of SCI stock traded down $3.53 during mid-day trading on Thursday, reaching $76.37. The stock had a trading volume of 1,281,141 shares, compared to its average volume of 1,045,058. The firm has a market cap of $11.00 billion, a PE ratio of 21.54, a P/E/G ratio of 1.90 and a beta of 0.81. Service Co. International has a one year low of $67.19 and a one year high of $89.37. The firm's 50 day simple moving average is $78.84 and its 200 day simple moving average is $80.18. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.83.
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 for the quarter, beating analysts' consensus estimates 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 company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the business earned $0.89 earnings per share. The company's quarterly revenue was up 2.8% on a year-over-year basis. On average, analysts forecast that Service Co. International will post 3.84 EPS for the current year.
Service Co. International Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.32 per share. This is a positive change from Service Co. International's previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.28 annualized dividend and a dividend yield of 1.68%. 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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