Coho Partners Ltd. Reduces Stock Holdings in Service Corporation International (NYSE:SCI)

Coho Partners Ltd. trimmed its position in Service Corporation International (NYSE:SCI - Free Report) by 30.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 holdings, making the stock its 17th biggest position. Coho Partners Ltd. owned about 0.48% of Service Corporation International worth $55,931,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC purchased a new stake in Service Corporation International during the 4th quarter valued at approximately $435,000. Principal Securities Inc. grew its position in shares of Service Corporation International by 13.9% during the 4th quarter. Principal Securities Inc. now owns 1,936 shares of the company's stock worth $155,000 after buying an additional 236 shares in the last quarter. Allworth Financial LP lifted its stake in Service Corporation International by 187.3% in the fourth quarter. Allworth Financial LP now owns 3,812 shares of the company's stock worth $294,000 after acquiring an additional 2,485 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Service Corporation International by 2.7% during the fourth quarter. CIBC Asset Management Inc now owns 5,167 shares of the company's stock valued at $412,000 after purchasing an additional 138 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Service Corporation International in the 4th quarter valued at $2,281,000. Institutional investors own 85.53% of the company's stock.

Analyst Ratings Changes

A number of 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 report on Thursday, April 3rd. UBS Group decreased 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 report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.25.

Insider Buying and Selling

In other news, Director Tony Coelho sold 5,400 shares of the company's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $75.94, for a total transaction of $410,076.00. Following the completion of the sale, the director now owns 43,938 shares of the company's stock, valued at $3,336,651.72. This represents a 10.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.40% of the stock is owned by insiders.

Service Corporation International Stock Performance

Shares of NYSE SCI traded up $0.19 during midday trading on Wednesday, reaching $79.79. The company had a trading volume of 1,104,568 shares, compared to its average volume of 1,066,518. The business's 50-day simple moving average is $77.93 and its 200 day simple moving average is $78.76. Service Corporation International has a 1 year low of $68.84 and a 1 year 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 stock has a market cap of $11.36 billion, a P/E ratio of 21.92, a P/E/G ratio of 1.96 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 EPS for the quarter, beating the consensus estimate of $0.91 by $0.05. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. Service Corporation International had a net margin of 12.58% and a return on equity of 32.35%. The business's revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 EPS. On average, analysts forecast that Service Corporation International will post 3.84 earnings per share for the current fiscal year.

Service Corporation International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.60%. Service Corporation International's dividend payout ratio (DPR) is 35.16%.

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.