Service Corporation International (NYSE:SCI) Shares Sold by Maj Invest Holding A S

Maj Invest Holding A S decreased its holdings in shares of Service Corporation International (NYSE:SCI - Free Report) by 5.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 667,893 shares of the company's stock after selling 37,161 shares during the period. Service Corporation International makes up approximately 1.9% of Maj Invest Holding A S's holdings, making the stock its 21st largest 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 SEC.

Several other hedge funds have also made changes to their positions in the business. FMR LLC lifted its position in Service Corporation International by 70.2% during the 4th quarter. FMR LLC now owns 6,901,982 shares of the company's stock worth $550,916,000 after acquiring an additional 2,846,159 shares during the period. Norges Bank acquired a new stake in shares of Service Corporation International during the fourth quarter worth $96,498,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Service Corporation International by 237.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 911,294 shares of the company's stock worth $72,739,000 after purchasing an additional 641,552 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Service Corporation International by 5.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,952,636 shares of the company's stock worth $714,600,000 after purchasing an additional 492,822 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Service Corporation International by 136.1% during the first quarter. Principal Financial Group Inc. now owns 782,429 shares of the company's stock worth $62,751,000 after purchasing an additional 451,068 shares during the period. Institutional investors and hedge funds own 85.53% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on SCI shares. UBS Group reduced their target price on shares of Service Corporation International from $90.00 to $88.00 and set a "buy" rating for the company in a research note 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 investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Service Corporation International currently has an average rating of "Moderate Buy" and a consensus target price of $89.25.

Service Corporation International Price Performance

Service Corporation International stock traded up $0.08 during midday trading on Monday, reaching $81.86. The company's stock had a trading volume of 683,898 shares, compared to its average volume of 1,062,590. Service Corporation International has a fifty-two week low of $68.84 and a fifty-two week high of $89.37. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.46 and a current ratio of 0.51. The stock's 50 day simple moving average is $78.44 and its 200 day simple moving average is $78.52. The firm has a market capitalization of $11.65 billion, a PE ratio of 22.49, a P/E/G ratio of 2.02 and a beta of 0.92.

Service Corporation International (NYSE:SCI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.96 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.06 billion. During the same quarter last year, the business earned $0.89 earnings per share. The business's revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities research analysts forecast that Service Corporation International will post 3.84 earnings per share for the current year.

Service Corporation International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a dividend of $0.32 per share. The ex-dividend date was Friday, June 13th. This represents a $1.28 annualized dividend and a yield of 1.56%. Service Corporation International's dividend payout ratio is presently 35.16%.

Insider Transactions at Service Corporation International

In related news, Director Tony Coelho sold 5,400 shares of Service Corporation International stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $75.94, for a total transaction of $410,076.00. Following the completion of the transaction, the director directly owned 43,938 shares of the company's stock, valued at approximately $3,336,651.72. The trade was a 10.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 4.40% of the company's stock.

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.