Charles Schwab Investment Management Inc. Boosts Stock Holdings in Service Corporation International (NYSE:SCI)

Charles Schwab Investment Management Inc. grew its position in Service Corporation International (NYSE:SCI - Free Report) by 1.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 931,194 shares of the company's stock after buying an additional 10,972 shares during the period. Charles Schwab Investment Management Inc. owned 0.65% of Service Corporation International worth $74,682,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of Service Corporation International by 20.3% in the 1st quarter. GAMMA Investing LLC now owns 2,539 shares of the company's stock valued at $204,000 after buying an additional 429 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Service Corporation International in the 1st quarter valued at about $869,000. Principal Financial Group Inc. boosted its holdings in shares of Service Corporation International by 136.1% in the 1st quarter. Principal Financial Group Inc. now owns 782,429 shares of the company's stock valued at $62,751,000 after buying an additional 451,068 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of Service Corporation International by 12.6% in the 1st quarter. Teacher Retirement System of Texas now owns 31,019 shares of the company's stock valued at $2,488,000 after buying an additional 3,473 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its holdings in shares of Service Corporation International by 7.4% in the 1st quarter. Ritholtz Wealth Management now owns 9,966 shares of the company's stock valued at $799,000 after buying an additional 689 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Service Corporation International news, CEO Thomas L. Ryan sold 150,000 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $80.49, for a total transaction of $12,073,500.00. Following the completion of the transaction, the chief executive officer directly owned 982,333 shares of the company's stock, valued at approximately $79,067,983.17. This trade represents a 13.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Sumner J. Waring III sold 56,100 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $76.57, for a total transaction of $4,295,577.00. Following the transaction, the president directly owned 295,192 shares of the company's stock, valued at $22,602,851.44. This represents a 15.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 213,950 shares of company stock valued at $17,001,787. 4.40% of the stock is owned by insiders.

Service Corporation International Stock Performance

SCI stock traded up $0.02 during trading on Friday, reaching $80.69. The company had a trading volume of 562,197 shares, compared to its average volume of 1,194,960. The firm has a 50-day simple moving average of $79.46 and a 200-day simple moving average of $78.62. The company has a market cap of $11.32 billion, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 1.96 and a beta of 0.90. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.56 and a current ratio of 0.61. Service Corporation International has a twelve month low of $71.75 and a twelve month high of $89.37.

Service Corporation International (NYSE:SCI - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.04. The company had revenue of $1.07 billion during 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%. Service Corporation International's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the business earned $0.79 EPS. As a group, sell-side analysts expect that Service Corporation International will post 3.84 earnings per share for the current year.

Service Corporation International Dividend Announcement

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

Wall Street Analysts Forecast Growth

SCI has been the topic of a number of recent analyst reports. Raymond James Financial restated an "outperform" rating and issued a $90.00 price target (up from $85.00) on shares of Service Corporation International in a report on Monday, August 4th. UBS Group lowered 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 research note on Friday, May 2nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Service Corporation International presently has a consensus 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.