Callan Family Office LLC trimmed its holdings in Service Corporation International (NYSE:SCI - Free Report) by 59.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,302 shares of the company's stock after selling 9,180 shares during the period. Callan Family Office LLC's holdings in Service Corporation International were worth $505,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of the business. HighTower Advisors LLC grew its position in shares of Service Corporation International by 0.3% during the 1st quarter. HighTower Advisors LLC now owns 777,936 shares of the company's stock valued at $62,391,000 after purchasing an additional 2,316 shares in the last quarter. CCM Investment Group LLC purchased a new position in shares of Service Corporation International during the 1st quarter valued at $817,000. Nuveen LLC purchased a new position in shares of Service Corporation International during the 1st quarter valued at $26,674,000. Invesco Ltd. grew its position in shares of Service Corporation International by 46.5% during the 1st quarter. Invesco Ltd. now owns 381,307 shares of the company's stock valued at $30,581,000 after purchasing an additional 121,040 shares in the last quarter. Finally, Townsquare Capital LLC purchased a new position in shares of Service Corporation International during the 1st quarter valued at $308,000. 85.53% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other news, President Sumner J. Waring III sold 56,100 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $76.57, for a total transaction of $4,295,577.00. Following the completion of the transaction, the president directly owned 295,192 shares of the company's stock, valued at approximately $22,602,851.44. This represents a 15.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Tony Coelho sold 7,850 shares of the company's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $80.60, for a total transaction of $632,710.00. Following the transaction, the director directly owned 36,088 shares of the company's stock, valued at approximately $2,908,692.80. This trade represents a 17.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 213,950 shares of company stock valued at $17,001,787. Insiders own 4.40% of the company's stock.
Service Corporation International Price Performance
NYSE:SCI traded up $0.02 during midday trading on Friday, hitting $80.69. The company had a trading volume of 562,197 shares, compared to its average volume of 1,194,960. Service Corporation International has a 52-week low of $71.75 and a 52-week high of $89.37. The stock's fifty day moving average price is $79.46 and its 200-day moving average price is $78.62. The company has a market capitalization of $11.32 billion, a PE ratio of 21.87, 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 (NYSE:SCI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.04. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. Service Corporation International had a net margin of 12.60% and a return on equity of 32.84%. The firm's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.79 earnings per share. As a group, research 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 will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, September 15th. Service Corporation International's dividend payout ratio is 34.69%.
Wall Street Analyst Weigh In
A number of research firms have recently commented on SCI. UBS Group reduced their price target on shares of Service Corporation International from $90.00 to $88.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Raymond James Financial reiterated an "outperform" rating and issued a $90.00 target price (up 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's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $90.50.
Get Our Latest Research Report on Service Corporation International
Service Corporation International Profile
(
Free Report)
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.
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