Nuveen Asset Management LLC Has $29.16 Million Stake in Service Co. International (NYSE:SCI)

Nuveen Asset Management LLC lessened its position in Service Co. International (NYSE:SCI - Free Report) by 30.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 365,256 shares of the company's stock after selling 162,951 shares during the period. Nuveen Asset Management LLC owned approximately 0.25% of Service Co. International worth $29,155,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. raised its stake in shares of Service Co. International by 5.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 8,952,636 shares of the company's stock worth $714,600,000 after buying an additional 492,822 shares in the last quarter. FMR LLC grew its holdings in shares of Service Co. International by 70.2% during the fourth quarter. FMR LLC now owns 6,901,982 shares of the company's stock valued at $550,916,000 after buying an additional 2,846,159 shares in the last quarter. Geode Capital Management LLC grew its stake in Service Co. International by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 3,239,331 shares of the company's stock valued at $258,624,000 after purchasing an additional 27,429 shares in the last quarter. Swedbank AB grew its stake in Service Co. International by 1.7% in the fourth quarter. Swedbank AB now owns 2,950,020 shares of the company's stock valued at $235,471,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Service Co. International by 24.9% in the fourth quarter. Northern Trust Corp now owns 1,650,384 shares of the company's stock worth $131,734,000 after buying an additional 328,686 shares during the last quarter. Institutional investors own 85.53% of the company's stock.

Insider Buying and Selling at Service Co. International

In other news, Director Tony Coelho sold 6,500 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $79.29, for a total value of $515,385.00. Following the transaction, the director now directly owns 46,824 shares in the company, valued at $3,712,674.96. This trade represents a 12.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Thomas L. Ryan sold 50,000 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $84.56, for a total value of $4,228,000.00. Following the completion of the transaction, the chief executive officer now owns 982,333 shares in the company, valued at $83,066,078.48. This represents a 4.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 61,900 shares of company stock worth $5,153,461. Insiders own 4.40% of the company's stock.

Service Co. International Price Performance

Shares of SCI traded up $0.21 during mid-day trading on Friday, reaching $76.80. The company had a trading volume of 947,960 shares, compared to its average volume of 1,066,032. The company's 50-day moving average is $77.69 and its 200-day moving average is $80.03. Service Co. International has a twelve month low of $68.82 and a twelve month high of $89.37. The company has a market capitalization of $10.93 billion, a P/E ratio of 21.63, a P/E/G ratio of 1.90 and a beta of 0.96. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.52 and a quick ratio of 0.48.

Service Co. International (NYSE:SCI - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.91 by $0.05. The firm had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.06 billion. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. The business's revenue was up 2.8% on a year-over-year basis. During the same period last year, the firm posted $0.89 EPS. On average, equities analysts anticipate that Service Co. International will post 3.84 EPS for the current year.

Service Co. International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.32 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.28 dividend on an annualized basis and a yield of 1.67%. Service Co. International's payout ratio is 35.16%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Wall Street Zen raised Service Co. International from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. UBS Group cut their price target on Service Co. International from $90.00 to $88.00 and set a "buy" rating for the company in a report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $89.25.

Service Co. 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.