Aurdan Capital Management LLC Reduces Holdings in Service Corporation International (NYSE:SCI)

Aurdan Capital Management LLC lowered its holdings in Service Corporation International (NYSE:SCI - Free Report) by 39.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,769 shares of the company's stock after selling 20,210 shares during the period. Service Corporation International makes up about 0.9% of Aurdan Capital Management LLC's holdings, making the stock its 28th biggest position. Aurdan Capital Management LLC's holdings in Service Corporation International were worth $2,468,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SCI. Linden Thomas Advisory Services LLC increased its holdings in Service Corporation International by 4.8% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 28,275 shares of the company's stock worth $2,268,000 after acquiring an additional 1,297 shares during the period. M&T Bank Corp increased its holdings in shares of Service Corporation International by 28.7% in the 1st quarter. M&T Bank Corp now owns 15,999 shares of the company's stock worth $1,284,000 after buying an additional 3,565 shares during the last quarter. Capital Investment Advisory Services LLC bought a new position in shares of Service Corporation International in the 1st quarter worth $549,000. Palisade Capital Management LP increased its holdings in shares of Service Corporation International by 3.8% in the 1st quarter. Palisade Capital Management LP now owns 40,660 shares of the company's stock worth $3,261,000 after buying an additional 1,484 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Service Corporation International by 136.1% in the 1st quarter. Principal Financial Group Inc. now owns 782,429 shares of the company's stock worth $62,751,000 after buying an additional 451,068 shares during the last quarter. Institutional investors own 85.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SCI. UBS Group decreased their price target on shares of Service Corporation 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 shares of Service Corporation International from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Service Corporation International currently has a consensus rating of "Moderate Buy" and an average price target of $89.25.

Service Corporation International Trading Up 0.0%

Shares of Service Corporation International stock traded up $0.03 during trading on Friday, reaching $80.78. The company's stock had a trading volume of 625,042 shares, compared to its average volume of 1,061,824. Service Corporation International has a 52-week low of $70.46 and a 52-week high of $89.37. The company has a market cap of $11.50 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 1.99 and a beta of 0.92. The firm's 50-day moving average is $78.69 and its two-hundred day 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 announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.05. Service Corporation International had a net margin of 12.58% and a return on equity of 32.35%. The company had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.06 billion. During the same quarter in the prior year, the company earned $0.89 EPS. The firm's revenue was up 2.8% on a year-over-year basis. On average, sell-side analysts anticipate that Service Corporation International will post 3.84 earnings per share for the current 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 annualized dividend and a yield of 1.58%. Service Corporation International's payout ratio is currently 35.16%.

Insiders Place Their Bets

In other Service Corporation International news, Director Tony Coelho sold 5,400 shares of the stock in a transaction 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 owned 43,938 shares of the company's stock, valued at $3,336,651.72. This represents a 10.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 4.40% of the stock is owned by insiders.

About Service Corporation 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.