JGP Wealth Management LLC Lowers Position in Service Co. International (NYSE:SCI)

JGP Wealth Management LLC reduced its holdings in Service Co. International (NYSE:SCI - Free Report) by 14.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,626 shares of the company's stock after selling 16,919 shares during the quarter. JGP Wealth Management LLC owned 0.07% of Service Co. International worth $8,070,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SCI. GAMMA Investing LLC grew its holdings in shares of Service Co. International by 9,550.6% during the first quarter. GAMMA Investing LLC now owns 203,628 shares of the company's stock worth $16,331,000 after buying an additional 201,518 shares in the last quarter. Cadinha & Co. LLC bought a new position in shares of Service Co. International during the first quarter worth about $688,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Service Co. International by 17.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,383 shares of the company's stock worth $829,000 after buying an additional 1,559 shares in the last quarter. Aurdan Capital Management LLC bought a new position in shares of Service Co. International during the fourth quarter worth about $4,069,000. Finally, Mackenzie Financial Corp bought a new position in shares of Service Co. International during the fourth quarter worth about $1,212,000. 85.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Service Co. International

In related news, CEO Thomas L. Ryan sold 50,000 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now owns 982,333 shares in the company, valued at $83,066,078.48. This represents a 4.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tony Coelho sold 5,400 shares of the company'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 sale, the director now owns 43,938 shares in the company, valued at approximately $3,336,651.72. The trade was a 10.94% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.40% of the company's stock.

Service Co. International Price Performance

SCI traded up $0.49 on Thursday, reaching $78.55. The stock had a trading volume of 311,985 shares, compared to its average volume of 1,068,666. Service Co. International has a fifty-two week low of $68.84 and a fifty-two week high of $89.37. The firm has a 50-day moving average of $77.43 and a 200-day moving average of $79.63. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.83. The company has a market capitalization of $11.18 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96.

Service Co. International (NYSE:SCI - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.05. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the company posted $0.89 EPS. The business's revenue was up 2.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Service Co. International will post 3.84 EPS for the current year.

Service Co. International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.32 dividend. 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 1.63%. Service Co. International's dividend payout ratio (DPR) is presently 35.16%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wall Street Zen raised Service Co. International from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. UBS Group lowered their price objective on Service Co. 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 assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.