Coho Partners Ltd. Sells 300,010 Shares of Service Corporation International (NYSE:SCI)

Coho Partners Ltd. decreased its position in shares of Service Corporation International (NYSE:SCI - Free Report) by 30.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 697,398 shares of the company's stock after selling 300,010 shares during the quarter. Service Corporation International comprises approximately 3.4% of Coho Partners Ltd.'s investment portfolio, making the stock its 17th largest position. Coho Partners Ltd. owned approximately 0.48% of Service Corporation International worth $55,931,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in Service Corporation International during the 4th quarter worth approximately $25,000. Quarry LP raised its holdings in Service Corporation International by 359.8% during the 4th quarter. Quarry LP now owns 469 shares of the company's stock worth $37,000 after purchasing an additional 367 shares during the last quarter. Mizuho Bank Ltd. bought a new position in Service Corporation International during the 4th quarter worth approximately $40,000. Resona Asset Management Co. Ltd. bought a new position in Service Corporation International during the 4th quarter worth approximately $40,000. Finally, Vision Financial Markets LLC bought a new position in Service Corporation International during the 4th quarter worth approximately $52,000. Institutional investors own 85.53% of the company's stock.

Insider Activity at Service Corporation International

In related news, Director Tony Coelho sold 5,400 shares of Service Corporation International stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $75.94, for a total value of $410,076.00. Following the completion of the sale, the director now owns 43,938 shares of the company's stock, valued at approximately $3,336,651.72. This trade represents a 10.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.40% of the stock is currently owned by insiders.

Service Corporation International Stock Performance

NYSE:SCI opened at $78.52 on Friday. The company has a fifty day moving average of $77.82 and a 200-day moving average of $78.86. The firm has a market capitalization of $11.18 billion, a P/E ratio of 21.57, a P/E/G ratio of 1.94 and a beta of 0.92. The company has a quick ratio of 0.46, a current ratio of 0.51 and a debt-to-equity ratio of 2.87. Service Corporation International has a twelve month low of $68.84 and a twelve month high of $89.37.

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 the consensus estimate of $0.91 by $0.05. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.06 billion. Service Corporation International had a net margin of 12.58% and a return on equity of 32.35%. Service Corporation International's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.89 EPS. As a group, sell-side analysts anticipate that Service Corporation International will post 3.84 EPS for the current year.

Service Corporation International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Friday, June 13th. Service Corporation International's payout ratio is currently 35.16%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Service Corporation International from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. UBS Group lowered their price objective 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 investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price 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.

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