Edgestream Partners L.P. Buys Shares of 36,367 Service Corporation International (NYSE:SCI)

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

A number of other hedge funds have also bought and sold shares of SCI. Tranquility Partners LLC boosted its stake in Service Corporation International by 1.7% during the 1st quarter. Tranquility Partners LLC now owns 8,060 shares of the company's stock worth $646,000 after purchasing an additional 134 shares during the last quarter. Fifth Third Bancorp lifted 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 buying an additional 155 shares during the last quarter. Brighton Jones LLC raised its stake in shares of Service Corporation International by 3.1% during 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 last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Service Corporation International by 5.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 3,729 shares of the company's stock worth $298,000 after acquiring an additional 183 shares during the period. Finally, BNP Paribas grew its holdings in Service Corporation International by 1.1% in the fourth quarter. BNP Paribas now owns 20,182 shares of the company's stock valued at $1,609,000 after purchasing an additional 227 shares during the last quarter. Institutional investors own 85.53% of the company's stock.

Service Corporation International Trading Down 0.0%

NYSE:SCI traded down $0.03 during trading hours on Friday, hitting $79.83. 894,135 shares of the stock were exchanged, compared to its average volume of 1,061,650. The company's 50 day moving average is $79.09 and its two-hundred day moving average is $78.54. The company has a quick ratio of 0.46, a current ratio of 0.51 and a debt-to-equity ratio of 2.87. The company has a market capitalization of $11.36 billion, a P/E ratio of 21.93, a price-to-earnings-growth ratio of 1.97 and a beta of 0.92. Service Corporation International has a twelve month low of $70.46 and a twelve month high of $89.37.

Service Corporation International (NYSE:SCI - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.05. The business had revenue of $1.07 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 EPS. On average, sell-side analysts anticipate that Service Corporation International will post 3.84 earnings per share for the current fiscal year.

Service Corporation International Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SCI shares. UBS Group reduced their target price on Service Corporation International from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Wall Street Zen upgraded Service Corporation International from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $89.25.

Insider Buying and Selling at Service Corporation International

In other Service Corporation International news, Director Tony Coelho sold 5,400 shares of the business's 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 sale, the director owned 43,938 shares of the company's stock, 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 filing with the SEC, which can be accessed through the SEC website. Insiders own 4.40% of the company's stock.

About Service Corporation International

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.