Global Trust Asset Management LLC Invests $289,000 in Service Corporation International (NYSE:SCI)

Global Trust Asset Management LLC bought a new stake in Service Corporation International (NYSE:SCI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,605 shares of the company's stock, valued at approximately $289,000.

Other hedge funds also recently made changes to their positions in the company. Atlas Capital Advisors Inc. acquired a new position in Service Corporation International in the fourth quarter valued at $340,000. Man Group plc grew its holdings in shares of Service Corporation International by 177.4% during the 4th quarter. Man Group plc now owns 16,217 shares of the company's stock worth $1,294,000 after purchasing an additional 10,371 shares during the period. Allspring Global Investments Holdings LLC increased its position in Service Corporation International by 1.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 185,277 shares of the company's stock worth $14,348,000 after purchasing an additional 3,375 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Service Corporation International by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 920,222 shares of the company's stock valued at $73,452,000 after buying an additional 5,074 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in Service Corporation International by 13.5% in the fourth quarter. Victory Capital Management Inc. now owns 123,998 shares of the company's stock valued at $9,898,000 after buying an additional 14,738 shares during the period. Institutional investors and hedge funds own 85.53% of the company's stock.

Insiders Place Their Bets

In other news, Director Tony Coelho sold 5,400 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $75.94, for a total transaction of $410,076.00. Following the completion of the transaction, the director now directly owns 43,938 shares in the company, valued at approximately $3,336,651.72. This represents a 10.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.40% of the stock is owned by company insiders.

Service Corporation International Stock Up 0.4%

Shares of NYSE SCI traded up $0.34 during trading on Thursday, reaching $78.24. 854,038 shares of the stock were exchanged, compared to its average volume of 1,070,855. The company has a market capitalization of $11.14 billion, a price-to-earnings ratio of 21.50, a price-to-earnings-growth ratio of 1.92 and a beta of 0.92. The business's 50-day moving average price is $77.75 and its 200 day moving average price is $79.05. The company has a quick ratio of 0.46, a current ratio of 0.51 and a debt-to-equity ratio of 2.87. Service Corporation International has a twelve month low of $68.84 and a twelve month high of $89.37.

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, topping analysts' consensus estimates of $0.91 by $0.05. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. Service Corporation International had a net margin of 12.58% and a return on equity of 32.35%. The firm's revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.89 EPS. As a group, equities analysts forecast that Service Corporation International will post 3.84 EPS for the current fiscal year.

Service Corporation International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, June 13th. This represents a $1.28 dividend on an annualized basis and a yield of 1.64%. Service Corporation International's dividend payout ratio (DPR) is presently 35.16%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SCI shares. Wall Street Zen raised shares of Service Corporation International from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. UBS Group reduced their price objective on 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 investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $89.25.

About Service Corporation International

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.