GTS Securities LLC purchased a new position in Service Co. International (NYSE:SCI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,424 shares of the company's stock, valued at approximately $273,000.
Other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Service Co. International in the fourth quarter worth $25,000. Quarry LP boosted its stake in shares of Service Co. International by 359.8% in the 4th quarter. Quarry LP now owns 469 shares of the company's stock valued at $37,000 after purchasing an additional 367 shares in the last quarter. Mizuho Bank Ltd. acquired a new stake in shares of Service Co. International during the 4th quarter worth about $40,000. Resona Asset Management Co. Ltd. bought a new position in shares of Service Co. International in the fourth quarter valued at approximately $40,000. Finally, Vision Financial Markets LLC bought a new position in Service Co. International in the 4th quarter valued at $52,000. Institutional investors own 85.53% of the company's stock.
Service Co. International Trading Up 0.4%
NYSE:SCI traded up $0.31 during mid-day trading on Tuesday, hitting $78.15. The company had a trading volume of 1,546,822 shares, compared to its average volume of 1,070,652. The firm has a market cap of $11.13 billion, a P/E ratio of 22.01, a P/E/G ratio of 1.90 and a beta of 0.96. The business's fifty day moving average is $77.47 and its two-hundred day moving average is $79.64. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.48 and a current ratio of 0.52. Service Co. International has a fifty-two week low of $68.84 and a fifty-two week high of $89.37.
Service Co. International (NYSE:SCI - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.05. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. 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 business posted $0.89 earnings per share. The business's revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, research analysts expect that Service Co. International will post 3.84 earnings per share for the current year.
Service Co. 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 paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Friday, June 13th. Service Co. International's payout ratio is presently 35.16%.
Analyst Ratings Changes
Several research firms have weighed in on SCI. Wall Street Zen upgraded shares of Service Co. International from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. UBS Group lowered their price target on shares of Service Co. International from $90.00 to $88.00 and set a "buy" rating for the company in a report on Friday, May 2nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $89.25.
Check Out Our Latest Stock Analysis on Service Co. International
Insider Activity
In other Service Co. International news, CEO Thomas L. Ryan sold 50,000 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $84.56, for a total transaction of $4,228,000.00. Following the sale, the chief executive officer now directly owns 982,333 shares of the company's stock, valued at $83,066,078.48. The trade was a 4.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Tony Coelho sold 5,400 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $75.94, for a total value of $410,076.00. Following the completion of the transaction, the director now owns 43,938 shares of the company's stock, valued at $3,336,651.72. The trade was a 10.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 61,900 shares of company stock worth $5,153,461 over the last three months. Corporate insiders own 4.40% of the company's stock.
About Service Co. International
(
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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