New York State Teachers Retirement System Sells 7,300 Shares of Service Corporation International (NYSE:SCI)

New York State Teachers Retirement System lessened its stake in Service Corporation International (NYSE:SCI - Free Report) by 5.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,762 shares of the company's stock after selling 7,300 shares during the period. New York State Teachers Retirement System owned approximately 0.09% of Service Corporation International worth $10,648,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SCI. SBI Securities Co. Ltd. purchased a new position in Service Corporation International in the 4th quarter worth approximately $25,000. Quarry LP lifted its holdings in shares of Service Corporation International by 359.8% in 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. bought a new stake in shares of Service Corporation International in the 4th quarter worth approximately $40,000. Resona Asset Management Co. Ltd. bought a new stake in shares of Service Corporation International in the 4th quarter worth approximately $40,000. Finally, Vision Financial Markets LLC bought a new stake in shares of Service Corporation International in the 4th quarter worth approximately $52,000. Hedge funds and other institutional investors own 85.53% of the company's stock.

Insider Buying and Selling

In related news, Director Tony Coelho sold 5,400 shares of the company's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $75.94, for a total transaction of $410,076.00. Following the completion of the sale, the director directly owned 43,938 shares in the company, valued at $3,336,651.72. This represents a 10.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 4.40% of the stock is owned by corporate insiders.

Service Corporation International Trading Down 0.5%

Shares of SCI traded down $0.40 during mid-day trading on Friday, reaching $81.78. The company's stock had a trading volume of 503,168 shares, compared to its average volume of 1,064,110. The company's fifty day moving average price is $78.40 and its two-hundred day moving average price is $78.54. Service Corporation International has a 52 week low of $68.84 and a 52 week 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 cap of $11.64 billion, a PE ratio of 22.47, a P/E/G ratio of 2.02 and a beta of 0.92.

Service Corporation International (NYSE:SCI - Get Free Report) last posted 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 Corporation International had a net margin of 12.58% and a return on equity of 32.35%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the business posted $0.89 EPS. The firm's revenue was up 2.8% compared to the same quarter last year. On average, analysts predict that Service Corporation International will post 3.84 earnings per share for the current fiscal year.

Service Corporation International Announces Dividend

The company also recently declared 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 of this dividend was Friday, June 13th. This represents a $1.28 dividend on an annualized basis and a yield of 1.57%. Service Corporation International's dividend payout ratio is currently 35.16%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Service Corporation International from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. UBS Group lowered their price objective on shares of Service Corporation International from $90.00 to $88.00 and set a "buy" rating for the company in a report on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $89.25.

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.