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

Perpetual Ltd boosted its position in Service Corporation International (NYSE:SCI - Free Report) by 23.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 162,809 shares of the company's stock after acquiring an additional 30,433 shares during the quarter. Perpetual Ltd owned 0.11% of Service Corporation International worth $13,057,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. 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 in the last quarter. FMR LLC boosted its position in Service Corporation International by 70.2% in 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 boosted its position in Service Corporation 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 buying an additional 27,429 shares in the last quarter. Northern Trust Corp grew its stake in shares of Service Corporation International by 24.9% during 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. Finally, Bank of New York Mellon Corp increased its holdings in shares of Service Corporation International by 8.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,459,377 shares of the company's stock worth $116,487,000 after buying an additional 118,832 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Service Corporation International Trading Up 0.5%

Shares of NYSE SCI opened at $81.63 on Friday. The firm has a 50 day moving average price of $78.09 and a two-hundred day moving average price of $78.70. The stock has a market cap of $11.62 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 2.00 and a beta of 0.92. Service Corporation International has a 52-week low of $68.84 and a 52-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.

Service Corporation International (NYSE:SCI - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. Service Corporation International had a return on equity of 32.35% and a net margin of 12.58%. Service Corporation International's quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 earnings per share. As a group, equities analysts forecast that Service Corporation International will post 3.84 EPS for the current year.

Service Corporation International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Friday, June 13th. Service Corporation International's dividend payout ratio is presently 35.16%.

Insider Buying and Selling at Service Corporation International

In related news, Director Tony Coelho sold 5,400 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $75.94, for a total value of $410,076.00. Following the transaction, the director now owns 43,938 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.40% of the company's stock.

About Service Corporation International

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.

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