Service Corporation International (NYSE:SCI) Shares Sold by Aurdan Capital Management LLC

Aurdan Capital Management LLC trimmed its holdings in shares of Service Corporation International (NYSE:SCI - Free Report) by 39.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,769 shares of the company's stock after selling 20,210 shares during the period. Service Corporation International accounts for about 0.9% of Aurdan Capital Management LLC's holdings, making the stock its 28th largest holding. Aurdan Capital Management LLC's holdings in Service Corporation International were worth $2,468,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. lifted its holdings in Service Corporation International by 5.8% during the 4th 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 last quarter. FMR LLC lifted its holdings in Service Corporation International by 70.2% during the 4th 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 last quarter. Geode Capital Management LLC lifted its holdings in Service Corporation International by 0.9% during the 4th 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 last quarter. Northern Trust Corp grew its holdings in shares of Service Corporation International by 24.9% during the fourth quarter. Northern Trust Corp now owns 1,650,384 shares of the company's stock worth $131,734,000 after purchasing an additional 328,686 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Service Corporation International during the fourth quarter worth about $96,498,000. 85.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Tony Coelho sold 5,400 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $75.94, for a total value of $410,076.00. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.40% of the stock is currently owned by insiders.

Service Corporation International Stock Performance

Shares of SCI traded up $0.03 during mid-day trading on Friday, hitting $80.78. 625,042 shares of the company's stock were exchanged, compared to its average volume of 1,061,824. Service Corporation International has a fifty-two week low of $70.46 and a fifty-two week high of $89.37. The firm has a market capitalization of $11.50 billion, a P/E ratio of 22.19, a P/E/G ratio of 1.99 and a beta of 0.92. The business's 50 day moving average is $78.69 and its two-hundred day moving average is $78.55. The company has a current ratio of 0.51, a quick ratio of 0.46 and a debt-to-equity ratio of 2.87.

Service Corporation 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, topping the consensus estimate 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 business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the firm earned $0.89 earnings per share. The business's quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities analysts expect that Service Corporation International will post 3.84 earnings per share for the current year.

Service Corporation International Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on SCI. UBS Group dropped their price objective on 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 upgraded shares of Service Corporation International from a "sell" rating to a "hold" rating in a research note 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $89.25.

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.