Callan Family Office LLC Decreases Stock Position in Service Corporation International $SCI

Key Points

• Callan Family Office LLC reduced its holdings in Service Corporation International (NYSE:SCI) by 59.3% in the first quarter, now owning 6,302 shares valued at $505,000.
• Insider transactions show that President Sumner J. Waring III and CEO Thomas L. Ryan sold significant shares, leading to decreases of 15.97% and 13.25% in their respective positions.
• Service Corporation International recently announced a quarterly dividend of $0.32 per share, representing an annualized dividend yield of 1.6%.

Callan Family Office LLC cut its position in shares of Service Corporation International (NYSE:SCI - Free Report) by 59.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,302 shares of the company's stock after selling 9,180 shares during the quarter. Callan Family Office LLC's holdings in Service Corporation International were worth $505,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Assetmark Inc. raised its stake in Service Corporation International by 225.9% during the 1st quarter. Assetmark Inc. now owns 352 shares of the company's stock worth $28,000 after buying an additional 244 shares during the period. Quarry LP raised its holdings in 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. GeoWealth Management LLC acquired a new position in Service Corporation International during the fourth quarter worth approximately $53,000. IFP Advisors Inc increased its position in Service Corporation International by 87.2% during the first quarter. IFP Advisors Inc now owns 700 shares of the company's stock worth $60,000 after buying an additional 326 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in Service Corporation International by 12.2% during the first quarter. Fifth Third Bancorp now owns 1,426 shares of the company's stock worth $114,000 after buying an additional 155 shares during the last quarter. Institutional investors own 85.53% of the company's stock.

Service Corporation International Stock Down 0.1%

SCI stock traded down $0.11 during midday trading on Monday, reaching $80.55. 228,385 shares of the company's stock traded hands, compared to its average volume of 1,159,229. The company has a market cap of $11.30 billion, a price-to-earnings ratio of 21.83, a P/E/G ratio of 1.96 and a beta of 0.90. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 3.19. Service Corporation International has a 52 week low of $71.75 and a 52 week high of $89.37. The firm's fifty day moving average price is $79.46 and its 200-day moving average price is $78.60.

Service Corporation International (NYSE:SCI - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.04. The business had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.05 billion. Service Corporation International had a net margin of 12.60% and a return on equity of 32.84%. The business's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.79 EPS. As a group, sell-side analysts forecast that Service Corporation International will post 3.84 earnings per share for the current fiscal year.

Service Corporation International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, September 15th. Service Corporation International's dividend payout ratio is currently 34.69%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. UBS Group lowered their price target 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. Raymond James Financial reissued an "outperform" rating and set a $90.00 price target (up previously from $85.00) on shares of Service Corporation International in a research report on Monday, August 4th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Service Corporation International presently has an average rating of "Moderate Buy" and an average target price of $90.50.

Insider Activity at Service Corporation International

In related news, CEO Thomas L. Ryan sold 150,000 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $80.49, for a total value of $12,073,500.00. Following the transaction, the chief executive officer owned 982,333 shares of the company's stock, valued at $79,067,983.17. This represents a 13.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Sumner J. Waring III sold 56,100 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $76.57, for a total value of $4,295,577.00. Following the completion of the transaction, the president directly owned 295,192 shares in the company, valued at approximately $22,602,851.44. This represents a 15.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 213,950 shares of company stock valued at $17,001,787 over the last 90 days. 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.