Capital Investment Advisory Services LLC Buys Shares of 6,840 Service Corporation International (NYSE:SCI)

Capital Investment Advisory Services LLC bought a new stake in Service Corporation International (NYSE:SCI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,840 shares of the company's stock, valued at approximately $549,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC purchased a new position in shares of Service Corporation International during the fourth quarter worth $435,000. Jones Financial Companies Lllp raised its holdings in shares of Service Corporation International by 59.0% during the fourth quarter. Jones Financial Companies Lllp now owns 1,975 shares of the company's stock worth $158,000 after purchasing an additional 733 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Service Corporation International during the fourth quarter worth $25,000. Steward Partners Investment Advisory LLC raised its holdings in shares of Service Corporation International by 5.0% during the fourth 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, Charles Schwab Investment Management Inc. raised its holdings in shares of Service Corporation International by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 920,222 shares of the company's stock worth $73,452,000 after purchasing an additional 5,074 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 Corporation International

In other Service Corporation International news, Director Tony Coelho sold 5,400 shares of the business's stock in a transaction that occurred 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 directly owned 43,938 shares in the company, valued at approximately $3,336,651.72. The trade was a 10.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.40% of the stock is currently owned by company insiders.

Service Corporation International Stock Performance

SCI traded up $0.08 on Monday, reaching $81.86. The stock had a trading volume of 683,898 shares, compared to its average volume of 1,062,590. Service Corporation International has a 12-month low of $68.84 and a 12-month high of $89.37. The company has a current ratio of 0.51, a quick ratio of 0.46 and a debt-to-equity ratio of 2.87. The business's 50-day moving average price is $78.40 and its two-hundred day moving average price is $78.51. The company has a market cap of $11.65 billion, a P/E ratio of 22.49, a price-to-earnings-growth ratio of 2.02 and a beta of 0.92.

Service Corporation International (NYSE:SCI - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.06 billion. During the same quarter in the previous year, the company earned $0.89 earnings per share. The firm's revenue for the quarter was up 2.8% on a year-over-year basis. Sell-side analysts forecast that Service Corporation International will post 3.84 earnings per share for the current year.

Service Corporation International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a dividend of $0.32 per share. The ex-dividend date was Friday, June 13th. This represents a $1.28 annualized dividend and a dividend yield of 1.56%. Service Corporation International's dividend payout ratio (DPR) is presently 35.16%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. UBS Group reduced their target price on shares of Service Corporation International from $90.00 to $88.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Wall Street Zen raised shares of Service Corporation International from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Service Corporation International currently has an average rating of "Moderate Buy" and an average price target of $89.25.

Service Corporation International 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.