California State Teachers Retirement System Sells 3,870 Shares of Service Co. International (NYSE:SCI)

California State Teachers Retirement System reduced its stake in Service Co. International (NYSE:SCI - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 134,971 shares of the company's stock after selling 3,870 shares during the quarter. California State Teachers Retirement System owned approximately 0.09% of Service Co. International worth $10,773,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cornerstone Investment Partners LLC lifted its holdings in Service Co. International by 3.8% in the 4th quarter. Cornerstone Investment Partners LLC now owns 3,587 shares of the company's stock worth $286,000 after purchasing an additional 131 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in Service Co. International by 2.7% in the 4th quarter. CIBC Asset Management Inc now owns 5,167 shares of the company's stock worth $412,000 after purchasing an additional 138 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in Service Co. International by 5.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 3,729 shares of the company's stock worth $298,000 after purchasing an additional 183 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Service Co. International by 5.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,438 shares of the company's stock worth $354,000 after purchasing an additional 212 shares during the last quarter. Finally, Stanley Laman Group Ltd. lifted its holdings in Service Co. International by 0.5% in the 4th quarter. Stanley Laman Group Ltd. now owns 40,098 shares of the company's stock worth $3,201,000 after purchasing an additional 214 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Service Co. International

In related news, Director Tony Coelho sold 5,400 shares of the company's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $75.94, for a total transaction of $410,076.00. Following the completion of the sale, the director now owns 43,938 shares in the company, valued at approximately $3,336,651.72. This represents a 10.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Thomas L. Ryan sold 50,000 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $84.56, for a total value 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 own 4.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SCI. Wall Street Zen upgraded Service Co. International from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. UBS Group decreased 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 note on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Service Co. International presently has a consensus rating of "Moderate Buy" and an average price target of $89.25.

Service Co. International Stock Performance

SCI stock traded down $0.06 during trading hours on Wednesday, hitting $78.11. 283,365 shares of the stock were exchanged, compared to its average volume of 1,067,809. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.83. The firm has a market capitalization of $11.12 billion, a P/E ratio of 22.00, a P/E/G ratio of 1.90 and a beta of 0.96. The company has a 50-day simple moving average of $77.47 and a two-hundred day simple moving average of $79.64. Service Co. International has a 12 month low of $68.84 and a 12 month high of $89.37.

Service Co. International (NYSE:SCI - Get Free Report) last posted 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 Co. International had a return on equity of 32.18% and a net margin of 12.39%. 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 previous year, the firm earned $0.89 earnings per share. Service Co. International's revenue for the quarter was up 2.8% compared to the same quarter last year. On average, analysts forecast that Service Co. International will post 3.84 earnings per share for the current fiscal 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 paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.64%. The ex-dividend date is Friday, June 13th. Service Co. International's dividend payout ratio (DPR) is presently 35.16%.

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.