Two Sigma Advisers LP acquired a new stake in shares of Service Co. International (NYSE:SCI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,200 shares of the company's stock, valued at approximately $335,000.
A number of other hedge funds have also made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new stake in Service Co. International in the 4th quarter valued at approximately $25,000. Quarry LP grew its holdings in Service Co. International by 359.8% in the 4th quarter. Quarry LP now owns 469 shares of the company's stock valued at $37,000 after buying an additional 367 shares during the last quarter. Mizuho Bank Ltd. acquired a new stake in Service Co. International in the 4th quarter valued at approximately $40,000. Resona Asset Management Co. Ltd. acquired a new stake in Service Co. International in the 4th quarter valued at approximately $40,000. Finally, Vision Financial Markets LLC acquired a new stake in Service Co. International in the 4th quarter valued at approximately $52,000. Institutional investors and hedge funds own 85.53% of the company's stock.
Service Co. International Stock Performance
Shares of NYSE:SCI traded up $0.99 during trading on Friday, hitting $79.22. 818,348 shares of the stock were exchanged, compared to its average volume of 1,072,543. Service Co. International has a 1-year low of $68.84 and a 1-year high of $89.37. The company has a market capitalization of $11.28 billion, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 1.90 and a beta of 0.92. The company's fifty day simple moving average is $77.36 and its 200-day simple moving average is $79.53. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.48 and a current ratio of 0.52.
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, topping the consensus estimate 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 analyst estimates of $1.06 billion. During the same quarter last year, the firm earned $0.89 EPS. Service Co. International's revenue for the quarter was up 2.8% compared to the same quarter last year. Sell-side analysts expect that Service Co. International will post 3.84 EPS for the current fiscal year.
Service Co. International Announces Dividend
The company also recently disclosed 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. This represents a $1.28 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Friday, June 13th. Service Co. International's payout ratio is presently 35.16%.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on SCI. UBS Group lowered their target price 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. Wall Street Zen raised Service Co. International from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Service Co. International currently has an average rating of "Moderate Buy" and an average price target of $89.25.
Read Our Latest Stock Report on SCI
Insider Transactions at Service Co. International
In related news, CEO Thomas L. Ryan sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $84.56, for a total transaction of $4,228,000.00. Following the completion of the transaction, the chief executive officer now owns 982,333 shares in the company, valued at $83,066,078.48. This trade represents a 4.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tony Coelho sold 5,400 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $75.94, for a total value of $410,076.00. Following the transaction, the director now owns 43,938 shares of the company's stock, valued at $3,336,651.72. This trade represents a 10.94% decrease in their position. The disclosure for this sale can be found here. 4.40% of the stock is owned by insiders.
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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