Two Sigma Advisers LP Makes New Investment in Service Co. International (NYSE:SCI)

Two Sigma Advisers LP acquired a new stake in Service Co. International (NYSE:SCI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,200 shares of the company's stock, valued at approximately $335,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC raised its holdings in Service Co. International by 70.2% during the fourth quarter. FMR LLC now owns 6,901,982 shares of the company's stock worth $550,916,000 after purchasing an additional 2,846,159 shares in the last quarter. Norges Bank acquired a new position in Service Co. International during the fourth quarter worth approximately $96,498,000. Arrowstreet Capital Limited Partnership grew its position in shares of Service Co. International by 237.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 911,294 shares of the company's stock worth $72,739,000 after acquiring an additional 641,552 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Service Co. International by 5.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 8,952,636 shares of the company's stock valued at $714,600,000 after acquiring an additional 492,822 shares during the period. Finally, Millennium Management LLC raised its position in Service Co. International by 19,170.2% in the 4th quarter. Millennium Management LLC now owns 333,157 shares of the company's stock valued at $26,593,000 after purchasing an additional 334,904 shares during the last quarter. Institutional investors and hedge funds own 85.53% of the company's stock.

Service Co. International Stock Performance

SCI traded up $0.60 during trading on Monday, hitting $79.84. The stock had a trading volume of 1,013,709 shares, compared to its average volume of 1,074,499. Service Co. International has a twelve month low of $68.84 and a twelve month high of $89.37. The firm has a market capitalization of $11.37 billion, a P/E ratio of 22.49, a PEG ratio of 1.90 and a beta of 0.92. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.48 and a current ratio of 0.52. The company's 50-day moving average price is $77.36 and its 200 day moving average price is $79.45.

Service Co. International (NYSE:SCI - Get Free Report) last announced 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. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.89 EPS. On average, equities research analysts forecast that Service Co. International will post 3.84 EPS for the current fiscal year.

Service Co. International Announces Dividend

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

Insider Activity at Service Co. International

In other news, Director Tony Coelho sold 5,400 shares of the firm's 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 sale, the director now owns 43,938 shares in the company, valued at $3,336,651.72. This trade represents a 10.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SCI. Wall Street Zen raised shares of Service Co. International from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. UBS Group lowered their price target on Service Co. International from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Service Co. International has a consensus rating of "Moderate Buy" and a consensus price target 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.