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

New York State Teachers Retirement System decreased its holdings in Service Corporation International (NYSE:SCI - Free Report) by 5.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 132,762 shares of the company's stock after selling 7,300 shares during the quarter. New York State Teachers Retirement System owned about 0.09% of Service Corporation International worth $10,648,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. KBC Group NV lifted its position in Service Corporation International by 10.0% during the first quarter. KBC Group NV now owns 6,222 shares of the company's stock valued at $499,000 after buying an additional 566 shares during the period. Tranquility Partners LLC lifted its position in Service Corporation International by 1.7% during the first quarter. Tranquility Partners LLC now owns 8,060 shares of the company's stock valued at $646,000 after buying an additional 134 shares during the period. Perpetual Ltd lifted its position in Service Corporation International by 23.0% during the first quarter. Perpetual Ltd now owns 162,809 shares of the company's stock valued at $13,057,000 after buying an additional 30,433 shares during the period. Sequoia Financial Advisors LLC lifted its position in Service Corporation International by 2.5% during the first quarter. Sequoia Financial Advisors LLC now owns 209,308 shares of the company's stock valued at $16,787,000 after buying an additional 5,127 shares during the period. Finally, Asset Management One Co. Ltd. purchased a new position in Service Corporation International during the first quarter valued at $3,373,000. Hedge funds and other institutional investors own 85.53% of the company's stock.

Service Corporation International Stock Up 0.1%

Service Corporation International stock traded up $0.08 during trading hours on Monday, hitting $81.86. The stock had a trading volume of 683,898 shares, compared to its average volume of 1,062,590. The company has a quick ratio of 0.46, a current ratio of 0.51 and a debt-to-equity ratio of 2.87. The stock has a market capitalization of $11.65 billion, a P/E ratio of 22.49, a price-to-earnings-growth ratio of 2.02 and a beta of 0.92. Service Corporation International has a 12-month low of $68.84 and a 12-month high of $89.37. The stock's 50-day moving average price is $78.44 and its 200-day moving average price is $78.52.

Service Corporation International (NYSE:SCI - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.05. The business had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.06 billion. Service Corporation International had a net margin of 12.58% and a return on equity of 32.35%. 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 company earned $0.89 earnings per share. Equities research analysts anticipate that Service Corporation International will post 3.84 EPS for the current fiscal year.

Service Corporation International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders 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 dividend yield of 1.56%. Service Corporation International's payout ratio is 35.16%.

Insider Buying and Selling at Service Corporation International

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 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 $3,336,651.72. The trade was a 10.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on SCI. UBS Group lowered their price objective on Service Corporation International from $90.00 to $88.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Wall Street Zen upgraded Service Corporation International from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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.