Charles Schwab Investment Management Inc. Purchases 10,972 Shares of Service Corporation International $SCI

Charles Schwab Investment Management Inc. increased its holdings in shares of Service Corporation International (NYSE:SCI - Free Report) by 1.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 931,194 shares of the company's stock after acquiring an additional 10,972 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.65% of Service Corporation International worth $74,682,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SCI. T. Rowe Price Investment Management Inc. raised its stake in shares of Service Corporation International by 5.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 8,952,636 shares of the company's stock valued at $714,600,000 after purchasing an additional 492,822 shares during the period. Principal Financial Group Inc. raised its stake in shares of Service Corporation International by 136.1% during the 1st quarter. Principal Financial Group Inc. now owns 782,429 shares of the company's stock valued at $62,751,000 after purchasing an additional 451,068 shares during the period. Millennium Management LLC raised its stake in shares of Service Corporation International by 19,170.2% during the 4th quarter. Millennium Management LLC now owns 333,157 shares of the company's stock valued at $26,593,000 after purchasing an additional 334,904 shares during the period. Northern Trust Corp raised its stake in shares of Service Corporation International by 24.9% during the 4th quarter. Northern Trust Corp now owns 1,650,384 shares of the company's stock valued at $131,734,000 after purchasing an additional 328,686 shares during the period. Finally, Jennison Associates LLC raised its stake in shares of Service Corporation International by 3,061.2% during the 1st quarter. Jennison Associates LLC now owns 297,404 shares of the company's stock valued at $23,852,000 after purchasing an additional 287,996 shares during the period. 85.53% of the stock is currently owned by institutional investors.

Service Corporation International Price Performance

Shares of SCI traded down $0.04 during midday trading on Monday, reaching $80.62. The stock had a trading volume of 146,054 shares, compared to its average volume of 1,158,758. The company's 50-day moving average is $79.46 and its 200 day moving average is $78.60. Service Corporation International has a 12-month low of $71.75 and a 12-month high of $89.37. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 3.19. The company has a market capitalization of $11.31 billion, a price-to-earnings ratio of 21.86, a price-to-earnings-growth ratio of 1.96 and a beta of 0.90.

Service Corporation International (NYSE:SCI - Get Free Report) last released its quarterly earnings data 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. Service Corporation International had a return on equity of 32.84% and a net margin of 12.60%. The business had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.05 billion. During the same quarter last year, the business posted $0.79 EPS. The business's revenue was up 3.0% on a year-over-year basis. On average, equities analysts predict that Service Corporation International will post 3.84 EPS for the current fiscal year.

Service Corporation International Announces Dividend

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

Insider Buying and Selling at Service Corporation International

In other news, CEO Thomas L. Ryan sold 150,000 shares of the business's 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 completion of the transaction, the chief executive officer owned 982,333 shares in the company, valued at $79,067,983.17. The trade was a 13.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Tony Coelho sold 7,850 shares of the business's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $80.60, for a total value of $632,710.00. Following the completion of the transaction, the director owned 36,088 shares of the company's stock, valued at $2,908,692.80. This represents a 17.87% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 213,950 shares of company stock worth $17,001,787. 4.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on SCI. 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 report on Friday, May 2nd. Raymond James Financial reaffirmed an "outperform" rating and issued a $90.00 price target (up previously from $85.00) on shares of Service Corporation International in a report on Monday, August 4th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $90.50.

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.