Exchange Traded Concepts LLC Purchases New Stake in Service Corporation International (NYSE:SCI)

Exchange Traded Concepts LLC acquired a new position in Service Corporation International (NYSE:SCI - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 9,911 shares of the company's stock, valued at approximately $795,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of Service Corporation International in the 4th quarter worth $25,000. Quarry LP raised its holdings in shares of Service Corporation International by 359.8% in the fourth quarter. Quarry LP now owns 469 shares of the company's stock valued at $37,000 after acquiring an additional 367 shares in the last quarter. Mizuho Bank Ltd. bought a new position in Service Corporation International in the fourth quarter worth approximately $40,000. Resona Asset Management Co. Ltd. purchased a new stake in shares of Service Corporation International during the fourth quarter valued at about $40,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Service Corporation International in the 4th quarter worth $52,000. Institutional investors own 85.53% of the company's stock.

Insider Activity at Service Corporation International

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

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. UBS Group decreased their price target on shares of Service Corporation International from $90.00 to $88.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Wall Street Zen upgraded Service Corporation International from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Service Corporation International currently has an average rating of "Moderate Buy" and a consensus target price of $89.25.

Service Corporation International Stock Performance

Shares of NYSE SCI traded up $0.16 during midday trading on Tuesday, reaching $79.60. 697,603 shares of the stock were exchanged, compared to its average volume of 1,064,634. The company has a quick ratio of 0.46, a current ratio of 0.51 and a debt-to-equity ratio of 2.87. The firm has a 50-day simple moving average of $77.84 and a two-hundred day simple moving average of $78.75. Service Corporation International has a twelve month low of $68.84 and a twelve month high of $89.37. The firm has a market cap of $11.33 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 1.94 and a beta of 0.92.

Service Corporation International (NYSE:SCI - Get Free Report) last issued 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. Service Corporation International had a return on equity of 32.35% and a net margin of 12.58%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the company earned $0.89 earnings per share. Service Corporation International's quarterly revenue was up 2.8% compared to the same quarter last year. As a group, analysts anticipate that Service Corporation International will post 3.84 EPS for the current fiscal year.

Service Corporation International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid 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 1.61%. Service Corporation International's dividend payout ratio is currently 35.16%.

Service Corporation International Company 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.