Alps Advisors Inc. Buys 14,635 Shares of Service Corporation International (NYSE:SCI)

Alps Advisors Inc. raised its position in shares of Service Corporation International (NYSE:SCI - Free Report) by 7.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 0.14% of Service Corporation International worth $16,308,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in shares of Service Corporation International during the fourth quarter worth $25,000. Quarry LP lifted its position in shares of Service Corporation International by 359.8% during the fourth quarter. Quarry LP now owns 469 shares of the company's stock worth $37,000 after acquiring an additional 367 shares in the last quarter. Mizuho Bank Ltd. purchased a new stake in shares of Service Corporation International during the fourth quarter worth $40,000. Resona Asset Management Co. Ltd. purchased a new stake in shares of Service Corporation International during the fourth quarter worth $40,000. Finally, GeoWealth Management LLC purchased a new stake in shares of Service Corporation International during the fourth quarter worth $53,000. 85.53% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Service Corporation International news, Director Tony Coelho sold 5,400 shares of the firm's 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 owned 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 SEC, which is available at this hyperlink. 4.40% of the stock is owned by insiders.

Service Corporation International Price Performance

NYSE:SCI traded down $0.36 during trading hours on Monday, hitting $80.41. 915,818 shares of the company's stock traded hands, compared to its average volume of 1,061,240. The firm has a market cap of $11.45 billion, a P/E ratio of 22.09, a P/E/G ratio of 1.99 and a beta of 0.92. Service Corporation International has a 52 week low of $70.46 and a 52 week high of $89.37. The business's fifty day simple moving average is $78.69 and its two-hundred day simple moving average is $78.53. 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 posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the company earned $0.89 earnings per share. The firm's quarterly revenue was up 2.8% on a year-over-year basis. On average, research analysts anticipate that Service Corporation International will post 3.84 earnings per share 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. Shareholders of record on Friday, June 13th were given a dividend of $0.32 per share. The ex-dividend date was Friday, June 13th. This represents a $1.28 dividend on an annualized basis and a yield of 1.59%. Service Corporation International's payout ratio is 35.16%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SCI. Wall Street Zen upgraded Service Corporation International from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. UBS Group dropped 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. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $89.25.

Service Corporation 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.