36,367 Shares in Service Corporation International (NYSE:SCI) Bought by Edgestream Partners L.P.

Edgestream Partners L.P. purchased a new stake in shares of Service Corporation International (NYSE:SCI - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 36,367 shares of the company's stock, valued at approximately $2,917,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Tranquility Partners LLC lifted its holdings in Service Corporation International by 1.7% in the first quarter. Tranquility Partners LLC now owns 8,060 shares of the company's stock valued at $646,000 after buying an additional 134 shares during the period. Fifth Third Bancorp increased its stake in Service Corporation International by 12.2% in the first quarter. Fifth Third Bancorp now owns 1,426 shares of the company's stock valued at $114,000 after purchasing an additional 155 shares in the last quarter. Brighton Jones LLC raised its holdings in Service Corporation International by 3.1% in the first quarter. Brighton Jones LLC now owns 5,615 shares of the company's stock worth $450,000 after purchasing an additional 167 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in shares of Service Corporation International by 5.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 3,729 shares of the company's stock valued at $298,000 after buying an additional 183 shares during the period. Finally, BNP Paribas grew its holdings in shares of Service Corporation International by 1.1% in the 4th quarter. BNP Paribas now owns 20,182 shares of the company's stock valued at $1,609,000 after buying an additional 227 shares during the period. Institutional investors own 85.53% of the company's stock.

Insider Buying and Selling at Service Corporation International

In related news, Director Tony Coelho sold 5,400 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $75.94, for a total transaction of $410,076.00. Following the transaction, the director directly owned 43,938 shares of the company's stock, valued at $3,336,651.72. This represents a 10.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.40% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on SCI. Wall Street Zen upgraded shares of Service Corporation International from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. UBS Group reduced their price objective on shares of Service Corporation International from $90.00 to $88.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Service Corporation International has a consensus rating of "Moderate Buy" and a consensus target price of $89.25.

Service Corporation International Price Performance

NYSE SCI traded down $0.03 on Friday, hitting $79.83. 894,135 shares of the company's stock were exchanged, compared to its average volume of 1,063,456. Service Corporation International has a 52 week low of $70.46 and a 52 week high of $89.37. The stock has a 50-day moving average of $79.09 and a 200-day moving average of $78.53. The company has a current ratio of 0.51, a quick ratio of 0.46 and a debt-to-equity ratio of 2.87. The stock has a market cap of $11.36 billion, a price-to-earnings ratio of 21.93, a P/E/G ratio of 1.97 and a beta of 0.92.

Service Corporation 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, beating the consensus estimate of $0.91 by $0.05. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. Service Corporation International had a net margin of 12.58% and a return on equity of 32.35%. The firm's revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.89 EPS. Analysts expect that Service Corporation International will post 3.84 earnings per share for the current year.

Service Corporation International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.60%. The ex-dividend date was Friday, June 13th. Service Corporation International's dividend payout ratio (DPR) is presently 35.16%.

Service Corporation 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.