Cadinha & Co. LLC Takes Position in Service Co. International (NYSE:SCI)

Cadinha & Co. LLC purchased a new stake in Service Co. International (NYSE:SCI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,575 shares of the company's stock, valued at approximately $688,000.

Other large investors have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in Service Co. International during the fourth quarter worth $25,000. Quarry LP increased its holdings in Service Co. International by 359.8% in the fourth quarter. Quarry LP now owns 469 shares of the company's stock valued at $37,000 after buying an additional 367 shares during the last quarter. Mizuho Bank Ltd. purchased a new position in shares of Service Co. International during the fourth quarter worth about $40,000. Resona Asset Management Co. Ltd. purchased a new position in shares of Service Co. International during the fourth quarter worth about $40,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Service Co. International during the fourth quarter worth about $52,000. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SCI shares. UBS Group reduced their price target on shares of Service Co. International from $90.00 to $88.00 and set a "buy" rating for the company in a research 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 report 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. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $89.25.

Service Co. International Price Performance

Shares of Service Co. International stock traded up $0.05 during trading on Tuesday, hitting $77.89. 414,266 shares of the company's stock traded hands, compared to its average volume of 1,064,769. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.52 and a quick ratio of 0.48. The firm's fifty day moving average price is $77.51 and its 200 day moving average price is $79.65. Service Co. International has a twelve month low of $68.84 and a twelve month high of $89.37. The company has a market cap of $11.09 billion, a PE ratio of 21.94, a PEG ratio of 1.90 and a beta of 0.96.

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, topping analysts' consensus estimates of $0.91 by $0.05. The company 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 company's revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 earnings per share. Analysts forecast that Service Co. International will post 3.84 earnings per share for the current year.

Service Co. International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Friday, June 13th. Service Co. International's dividend payout ratio (DPR) is currently 35.16%.

Insider Transactions at Service Co. International

In other news, Director Tony Coelho sold 5,400 shares of the 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 now owns 43,938 shares in the company, valued at $3,336,651.72. This represents a 10.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Thomas L. Ryan sold 50,000 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now owns 982,333 shares of the company's stock, valued at $83,066,078.48. This trade represents a 4.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 61,900 shares of company stock worth $5,153,461 over the last three months. 4.40% of the stock is owned by company insiders.

Service Co. International Company 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.