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Alps Advisors Inc. Has $16.31 Million Stock Position in Service Corporation International (NYSE:SCI)

Service Corporation International logo with Consumer Staples background

Alps Advisors Inc. increased its stake in Service Corporation International (NYSE:SCI - Free Report) by 7.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 203,344 shares of the company's stock after purchasing an additional 14,635 shares during the period. Alps Advisors Inc. owned approximately 0.14% of Service Corporation International worth $16,308,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of SCI. Brighton Jones LLC bought a new position in shares of Service Corporation International in the fourth quarter worth $435,000. Jones Financial Companies Lllp boosted its stake in Service Corporation International by 59.0% in the fourth quarter. Jones Financial Companies Lllp now owns 1,975 shares of the company's stock valued at $158,000 after buying an additional 733 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Service Corporation International in the fourth quarter valued at about $25,000. Steward Partners Investment Advisory LLC boosted its stake in Service Corporation International by 5.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,438 shares of the company's stock valued at $354,000 after buying an additional 212 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Service Corporation International by 13.5% in the fourth quarter. Victory Capital Management Inc. now owns 123,998 shares of the company's stock valued at $9,898,000 after buying an additional 14,738 shares in the last quarter. Institutional investors own 85.53% of the company's stock.

Insider Activity at Service Corporation International

In other news, Director Tony Coelho sold 5,400 shares of Service Corporation International stock in a transaction dated 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 directly owned 43,938 shares of the company's stock, valued at approximately $3,336,651.72. This trade represents a 10.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 4.40% of the company's stock.

Wall Street Analysts Forecast Growth

SCI has been the topic of several research analyst reports. Wall Street Zen raised Service Corporation International from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. UBS Group reduced their price objective on Service Corporation International from $90.00 to $88.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $89.25.

Read Our Latest Analysis on Service Corporation International

Service Corporation International Trading Up 0.0%

Shares of SCI stock traded up $0.03 during mid-day trading on Friday, reaching $80.78. 625,042 shares of the stock traded hands, compared to its average volume of 1,061,824. The stock's fifty day simple moving average is $78.69 and its two-hundred day simple moving average is $78.55. Service Corporation International has a 1-year low of $70.46 and a 1-year high of $89.37. The company has a market cap of $11.50 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 1.99 and a beta of 0.92. The company has a quick ratio of 0.46, a current ratio of 0.51 and a debt-to-equity ratio of 2.87.

Service Corporation International (NYSE:SCI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.05. Service Corporation International had a return on equity of 32.35% and a net margin of 12.58%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the firm posted $0.89 earnings per share. The business's revenue for the quarter was up 2.8% on a year-over-year basis. On average, research analysts anticipate that Service Corporation International will post 3.84 EPS for the current fiscal year.

Service Corporation International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date was Friday, June 13th. Service Corporation International's payout ratio is 35.16%.

Service Corporation International Profile

(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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Institutional Ownership by Quarter for Service Corporation International (NYSE:SCI)

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