Perpetual Ltd Has $13.06 Million Holdings in Service Corporation International (NYSE:SCI)

Perpetual Ltd grew its stake in Service Corporation International (NYSE:SCI - Free Report) by 23.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 162,809 shares of the company's stock after acquiring an additional 30,433 shares during the period. Perpetual Ltd owned 0.11% of Service Corporation International worth $13,057,000 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. FMR LLC lifted its stake in shares of Service Corporation 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 acquiring an additional 2,846,159 shares during the period. Norges Bank bought a new stake in Service Corporation International during the 4th quarter worth about $96,498,000. Arrowstreet Capital Limited Partnership lifted its position in Service Corporation International by 237.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 911,294 shares of the company's stock valued at $72,739,000 after purchasing an additional 641,552 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in shares of Service Corporation 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 valued at $714,600,000 after purchasing an additional 492,822 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of Service Corporation International by 19,170.2% during the 4th quarter. Millennium Management LLC now owns 333,157 shares of the company's stock worth $26,593,000 after buying an additional 334,904 shares during the period. 85.53% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Service Corporation International news, Director Tony Coelho sold 5,400 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $75.94, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.40% of the company's stock.

Service Corporation International Trading Up 1.0%

Shares of SCI stock traded up $0.78 on Tuesday, reaching $82.18. The company had a trading volume of 1,009,225 shares, compared to its average volume of 1,063,031. The stock has a market cap of $11.70 billion, a PE ratio of 22.58, a PEG ratio of 2.01 and a beta of 0.92. The company has a 50-day moving average of $78.24 and a 200-day moving average of $78.59. The company has a current ratio of 0.51, a quick ratio of 0.46 and a debt-to-equity ratio of 2.87. Service Corporation International has a 12 month low of $68.84 and a 12 month high of $89.37.

Service Corporation International (NYSE:SCI - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.91 by $0.05. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.89 earnings per share. On average, equities analysts forecast that Service Corporation International will post 3.84 earnings per share for the current year.

Service Corporation International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders 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 annualized dividend and a yield of 1.56%. Service Corporation International's dividend payout ratio is presently 35.16%.

Wall Street Analyst Weigh In

SCI has been the topic of several analyst reports. 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 dropped 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 report on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $89.25.

Service Corporation International 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.