CWM LLC decreased its position in shares of Service Corporation International (NYSE:SCI - Free Report) by 3.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 306,816 shares of the company's stock after selling 9,937 shares during the quarter. CWM LLC owned approximately 0.21% of Service Corporation International worth $24,607,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Quarry LP lifted its stake in shares of Service Corporation International by 359.8% during the 4th quarter. Quarry LP now owns 469 shares of the company's stock valued at $37,000 after buying an additional 367 shares in the last quarter. Mizuho Bank Ltd. purchased a new position in shares of Service Corporation International during the 4th quarter valued at $40,000. Resona Asset Management Co. Ltd. purchased a new position in shares of Service Corporation International during the 4th quarter valued at $40,000. GeoWealth Management LLC purchased a new position in shares of Service Corporation International during the 4th quarter valued at $53,000. Finally, Fifth Third Bancorp lifted its stake in shares of Service Corporation International by 12.2% during the 1st quarter. Fifth Third Bancorp now owns 1,426 shares of the company's stock valued at $114,000 after buying an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company's stock.
Analyst Ratings Changes
A number of research firms recently weighed in on SCI. 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 decreased their price target on shares of Service Corporation International from $90.00 to $88.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $89.25.
Read Our Latest Stock Analysis on SCI
Insider Buying and Selling
In related news, Director Tony Coelho sold 5,400 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $75.94, for a total transaction of $410,076.00. Following the transaction, the director directly owned 43,938 shares in the company, valued at approximately $3,336,651.72. This represents a 10.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.40% of the company's stock.
Service Corporation International Price Performance
Shares of NYSE SCI traded down $0.44 during mid-day trading on Thursday, hitting $79.94. 1,028,701 shares of the company's stock traded hands, compared to its average volume of 1,061,210. The company's 50-day moving average is $79.00 and its two-hundred day moving average is $78.54. The company has a debt-to-equity ratio of 2.87, a current ratio of 0.51 and a quick ratio of 0.46. The company has a market capitalization of $11.38 billion, a P/E ratio of 21.96, a PEG ratio of 1.98 and a beta of 0.92. Service Corporation International has a 1 year low of $70.46 and a 1 year high of $89.37.
Service Corporation International (NYSE:SCI - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.05. The firm had revenue of $1.07 billion for the quarter, compared to analysts' expectations 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 was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 EPS. On average, equities analysts anticipate that Service Corporation International will post 3.84 EPS for the current fiscal year.
Service Corporation International Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.28 annualized dividend and a yield of 1.60%. Service Corporation International's payout ratio is 35.16%.
Service Corporation International Profile
(
Free Report)
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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