Maj Invest Holding A S Has $53.57 Million Stake in Service Corporation International (NYSE:SCI)

Maj Invest Holding A S cut its stake in Service Corporation International (NYSE:SCI - Free Report) by 5.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 667,893 shares of the company's stock after selling 37,161 shares during the period. Service Corporation International accounts for about 1.9% of Maj Invest Holding A S's investment portfolio, making the stock its 21st biggest position. Maj Invest Holding A S owned approximately 0.46% of Service Corporation International worth $53,565,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Tranquility Partners LLC raised its stake in Service Corporation International by 1.7% in the 1st quarter. Tranquility Partners LLC now owns 8,060 shares of the company's stock worth $646,000 after purchasing an additional 134 shares in the last quarter. Fifth Third Bancorp increased its holdings in Service Corporation International by 12.2% in the 1st quarter. Fifth Third Bancorp now owns 1,426 shares of the company's stock valued at $114,000 after buying an additional 155 shares during the period. Brighton Jones LLC increased its holdings in Service Corporation International by 3.1% in the 1st quarter. Brighton Jones LLC now owns 5,615 shares of the company's stock valued at $450,000 after buying an additional 167 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in Service Corporation International by 5.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 3,729 shares of the company's stock valued at $298,000 after buying an additional 183 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its holdings in Service Corporation International by 5.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,438 shares of the company's stock valued at $354,000 after buying an additional 212 shares during the period. 85.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SCI shares. UBS Group decreased their target price 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 analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $89.25.

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 transaction, the director owned 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.40% of the company's stock.

Service Corporation International Trading Down 0.6%

SCI traded down $0.52 during trading on Wednesday, reaching $81.70. 345,724 shares of the company's stock were exchanged, compared to its average volume of 1,060,428. Service Corporation International has a one year low of $68.84 and a one year high of $89.37. The company has a current ratio of 0.51, a quick ratio of 0.46 and a debt-to-equity ratio of 2.87. The stock has a market capitalization of $11.63 billion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 2.02 and a beta of 0.92. The firm has a fifty day moving average price of $78.48 and a two-hundred day moving average price of $78.54.

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

Service Corporation International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a $0.32 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.57%. Service Corporation International's dividend payout ratio (DPR) is currently 35.16%.

Service Corporation 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.