Deutsche Bank AG Has $82.17 Million Stake in Service Corporation International (NYSE:SCI)

Key Points

• Deutsche Bank AG increased its holdings in Service Corporation International (NYSE:SCI) by 0.9%, bringing its total ownership to over 1 million shares valued at approximately $82.17 million.
• Service Corporation International recently reported quarterly earnings of $0.88 per share, exceeding analyst expectations and demonstrating a 3% revenue increase year-over-year.
• The company declared a quarterly dividend of $0.32 per share, reflecting a 1.6% yield with a 34.69% dividend payout ratio.

Deutsche Bank AG increased its position in shares of Service Corporation International (NYSE:SCI - Free Report) by 0.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,024,608 shares of the company's stock after acquiring an additional 9,342 shares during the period. Deutsche Bank AG owned approximately 0.72% of Service Corporation International worth $82,174,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in Service Corporation International by 1.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 931,194 shares of the company's stock worth $74,682,000 after acquiring an additional 10,972 shares during the period. Fairfield Financial Advisors LTD grew its holdings in Service Corporation International by 95.1% during the first quarter. Fairfield Financial Advisors LTD now owns 4,662 shares of the company's stock worth $374,000 after acquiring an additional 2,272 shares during the period. PNC Financial Services Group Inc. grew its holdings in Service Corporation International by 2.3% during the first quarter. PNC Financial Services Group Inc. now owns 345,856 shares of the company's stock worth $27,738,000 after acquiring an additional 7,802 shares during the period. US Bancorp DE grew its holdings in Service Corporation International by 4.4% during the first quarter. US Bancorp DE now owns 5,167 shares of the company's stock worth $414,000 after acquiring an additional 217 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in Service Corporation International by 10.2% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,841 shares of the company's stock worth $228,000 after acquiring an additional 263 shares during the period. 85.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SCI shares. Raymond James Financial reaffirmed an "outperform" rating and set a $90.00 target price (up from $85.00) on shares of Service Corporation International in a report on Monday, August 4th. UBS Group lowered their target price 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. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $90.50.

Service Corporation International Trading Down 1.6%

SCI traded down $1.29 during trading on Thursday, reaching $80.76. The company had a trading volume of 675,902 shares, compared to its average volume of 1,167,308. The firm's 50-day simple moving average is $79.38 and its 200 day simple moving average is $78.62. The company has a market cap of $11.33 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 1.96 and a beta of 0.90. Service Corporation International has a 12-month low of $71.75 and a 12-month high of $89.37. 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 (NYSE:SCI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.88 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the company posted $0.79 EPS. The business's quarterly revenue was up 3.0% compared to the same quarter last year. Equities research analysts anticipate that Service Corporation International will post 3.84 earnings per share for the current year.

Service Corporation International Dividend Announcement

The firm also recently disclosed 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 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 presently 34.69%.

Insiders Place Their Bets

In other news, CEO Thomas L. Ryan sold 150,000 shares of Service Corporation International stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $80.49, for a total transaction of $12,073,500.00. Following the completion of the sale, the chief executive officer directly owned 982,333 shares in the company, valued at $79,067,983.17. The trade was a 13.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tony Coelho sold 7,850 shares of Service Corporation International stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $80.60, for a total value of $632,710.00. Following the sale, the director owned 36,088 shares of the company's stock, valued at approximately $2,908,692.80. This represents a 17.87% 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 worth $17,001,787. 4.40% of the stock is currently owned by company insiders.

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.