Global Trust Asset Management LLC purchased a new position in shares of Service Corporation International (NYSE:SCI - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,605 shares of the company's stock, valued at approximately $289,000.
Other large investors have also made changes to their positions in the company. Brighton Jones LLC raised its holdings in shares of Service Corporation International by 3.1% during the 1st quarter. Brighton Jones LLC now owns 5,615 shares of the company's stock worth $450,000 after buying an additional 167 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in Service Corporation International in the first quarter valued at about $795,000. Ritholtz Wealth Management raised its stake in Service Corporation International by 7.4% during the first quarter. Ritholtz Wealth Management now owns 9,966 shares of the company's stock worth $799,000 after acquiring an additional 689 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Service Corporation International by 18.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,349 shares of the company's stock worth $990,000 after acquiring an additional 1,966 shares during the last quarter. Finally, Tobam lifted its holdings in shares of Service Corporation International by 502.3% in the first quarter. Tobam now owns 3,939 shares of the company's stock worth $316,000 after acquiring an additional 3,285 shares during the last quarter. Institutional investors and hedge funds own 85.53% of the company's stock.
Service Corporation International Trading Up 0.3%
Shares of SCI stock traded up $0.22 during mid-day trading on Friday, reaching $78.52. 1,227,850 shares of the stock traded hands, compared to its average volume of 1,071,480. The company has a market cap of $11.18 billion, a price-to-earnings ratio of 21.57, a price-to-earnings-growth ratio of 1.93 and a beta of 0.92. 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 stock's fifty day simple moving average is $77.82 and its two-hundred day simple moving average is $78.98. Service Corporation International has a 1-year low of $68.84 and a 1-year 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.05. The business had revenue of $1.07 billion during 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 quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business earned $0.89 EPS. On average, research analysts anticipate that Service Corporation International will post 3.84 EPS for the current fiscal year.
Service Corporation International Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Friday, June 13th. Service Corporation International's dividend payout ratio is currently 35.16%.
Insider Buying and Selling
In related news, Director Tony Coelho sold 5,400 shares of the company's stock in a transaction that occurred 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 sale, the director now directly owns 43,938 shares in the company, valued at $3,336,651.72. This represents a 10.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.40% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on SCI. 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 report on Friday, May 2nd. Wall Street Zen upgraded shares of Service Corporation International from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.25.
Read Our Latest Stock Analysis on SCI
Service Corporation International Company 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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