10,250 Shares in Service Co. International (NYSE:SCI) Purchased by Focus Partners Wealth

Focus Partners Wealth bought a new position in shares of Service Co. International (NYSE:SCI - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 10,250 shares of the company's stock, valued at approximately $818,000.

Several other hedge funds have also recently bought and sold shares of SCI. Barclays PLC raised its holdings in Service Co. International by 94.5% during the 3rd quarter. Barclays PLC now owns 123,375 shares of the company's stock worth $9,738,000 after buying an additional 59,956 shares during the period. Franklin Resources Inc. raised its holdings in Service Co. International by 263.1% during the 3rd quarter. Franklin Resources Inc. now owns 15,912 shares of the company's stock worth $1,206,000 after buying an additional 11,530 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Service Co. International during the 4th quarter worth approximately $3,229,000. Ritholtz Wealth Management raised its holdings in Service Co. International by 5.8% during the 4th quarter. Ritholtz Wealth Management now owns 9,277 shares of the company's stock worth $740,000 after buying an additional 506 shares during the period. Finally, Merit Financial Group LLC raised its holdings in Service Co. International by 32.8% during the 4th quarter. Merit Financial Group LLC now owns 25,863 shares of the company's stock worth $2,064,000 after buying an additional 6,391 shares during the period. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Service Co. International Stock Up 0.3%

Shares of NYSE SCI traded up $0.21 during midday trading on Friday, reaching $76.80. The company's stock had a trading volume of 947,960 shares, compared to its average volume of 1,066,032. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.83. Service Co. International has a fifty-two week low of $68.82 and a fifty-two week high of $89.37. The stock has a market capitalization of $10.93 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 1.90 and a beta of 0.96. The stock has a 50 day simple moving average of $77.69 and a 200-day simple moving average of $80.03.

Service Co. International (NYSE:SCI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.05. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. The firm's revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company earned $0.89 earnings per share. Equities research analysts predict that Service Co. International will post 3.84 earnings per share for the current year.

Service Co. International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued 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 yield of 1.67%. Service Co. International's payout ratio is 35.16%.

Insider Buying and Selling

In related news, Director Tony Coelho sold 5,400 shares of the business'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 transaction, the director now directly owns 43,938 shares in the company, valued at approximately $3,336,651.72. The trade was a 10.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas L. Ryan sold 50,000 shares of Service Co. International stock in a transaction on Monday, March 10th. The stock was sold at an average price of $84.56, for a total transaction of $4,228,000.00. Following the transaction, the chief executive officer now directly owns 982,333 shares of the company's stock, valued at approximately $83,066,078.48. This trade represents a 4.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,900 shares of company stock worth $5,153,461. Insiders own 4.40% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on SCI. UBS Group dropped their target price on shares of Service Co. International from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Wall Street Zen upgraded shares of Service Co. International from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.25.

Service Co. 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.