72,353 Shares in Service Co. International (NYSE:SCI) Acquired by Twinbeech Capital LP

Twinbeech Capital LP bought a new position in Service Co. International (NYSE:SCI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 72,353 shares of the company's stock, valued at approximately $5,775,000. Twinbeech Capital LP owned about 0.05% of Service Co. International at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. lifted its holdings in Service Co. International by 5.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,952,636 shares of the company's stock worth $714,600,000 after buying an additional 492,822 shares during the period. FMR LLC lifted its holdings in Service Co. International by 70.2% in the fourth quarter. FMR LLC now owns 6,901,982 shares of the company's stock worth $550,916,000 after buying an additional 2,846,159 shares during the period. Geode Capital Management LLC lifted its holdings in Service Co. International by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 3,239,331 shares of the company's stock worth $258,624,000 after buying an additional 27,429 shares during the period. Swedbank AB lifted its holdings in Service Co. International by 1.7% in the fourth quarter. Swedbank AB now owns 2,950,020 shares of the company's stock worth $235,471,000 after buying an additional 50,000 shares during the period. Finally, Northern Trust Corp lifted its holdings in Service Co. International by 24.9% in the fourth quarter. Northern Trust Corp now owns 1,650,384 shares of the company's stock worth $131,734,000 after buying an additional 328,686 shares during the period. 85.53% of the stock is owned by institutional investors.

Insider Activity at Service Co. International

In related news, Director Tony Coelho sold 5,400 shares of the firm's stock in a transaction that occurred 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the chief executive officer now owns 982,333 shares in the company, valued at $83,066,078.48. This represents a 4.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold 61,900 shares of company stock valued at $5,153,461 over the last 90 days. Corporate insiders own 4.40% of the company's stock.

Service Co. International Stock Up 0.3%

Shares of NYSE SCI traded up $0.21 on Friday, reaching $76.80. 947,960 shares of the company's stock traded hands, compared to its average volume of 1,066,032. Service Co. International has a 12 month low of $68.82 and a 12 month high of $89.37. The business's 50 day simple moving average is $77.69 and its two-hundred day simple moving average is $80.03. The company has a market cap of $10.93 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96. 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 announced its earnings results 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 business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. The business's revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 earnings per share. As a group, equities research analysts forecast that Service Co. International will post 3.84 EPS for the current fiscal year.

Service Co. International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, June 13th. Service Co. International's dividend payout ratio (DPR) is currently 35.16%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. UBS Group lowered their price objective on shares of Service Co. International from $90.00 to $88.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Wall Street Zen raised shares of Service Co. International from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Service Co. International currently has a consensus rating of "Moderate Buy" and an average price target of $89.25.

About Service Co. 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.