Mackenzie Financial Corp Purchases Shares of 15,188 Service Co. International (NYSE:SCI)

Mackenzie Financial Corp bought a new position in Service Co. International (NYSE:SCI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 15,188 shares of the company's stock, valued at approximately $1,212,000.

A number of other institutional investors have also recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new stake in shares of Service Co. International during the 4th quarter worth about $25,000. Quarry LP grew its position in Service Co. International by 359.8% during the 4th quarter. Quarry LP now owns 469 shares of the company's stock worth $37,000 after acquiring an additional 367 shares during the last quarter. Mizuho Bank Ltd. acquired a new stake in Service Co. International during the 4th quarter valued at $40,000. Resona Asset Management Co. Ltd. bought a new position in Service Co. International in the 4th quarter valued at $40,000. Finally, Vision Financial Markets LLC acquired a new position in Service Co. International in the fourth quarter worth $52,000. Institutional investors and hedge funds own 85.53% of the company's stock.

Analyst Ratings Changes

SCI has been the subject of a number of research reports. Wall Street Zen upgraded Service Co. International from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. UBS Group dropped their target price on Service Co. International from $90.00 to $88.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $89.25.

Service Co. International Price Performance

Shares of SCI stock traded down $0.04 on Wednesday, reaching $78.13. The company had a trading volume of 1,134,530 shares, compared to its average volume of 1,071,616. The business's 50-day moving average is $77.43 and its 200 day moving average is $79.63. Service Co. International has a one year low of $68.84 and a one year high of $89.37. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.83. The stock has a market capitalization of $11.12 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96.

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, topping analysts' consensus estimates of $0.91 by $0.05. The firm 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 business's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.89 EPS. Equities research analysts forecast that Service Co. International will post 3.84 EPS for the current fiscal year.

Service Co. International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Friday, June 13th. Service Co. International's payout ratio is 35.16%.

Insider Activity

In other news, Director Tony Coelho sold 5,400 shares of the business's stock in a transaction that occurred on 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 sale, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas L. Ryan sold 50,000 shares of the business's stock in a transaction on 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 transaction, the chief executive officer now directly owns 982,333 shares in the company, valued at approximately $83,066,078.48. The trade was a 4.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.40% of the company's stock.

Service Co. International 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.