Public Employees Retirement System of Ohio Has $3.86 Million Stock Holdings in Service Co. International (NYSE:SCI)

Public Employees Retirement System of Ohio reduced its position in shares of Service Co. International (NYSE:SCI - Free Report) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,294 shares of the company's stock after selling 3,511 shares during the period. Public Employees Retirement System of Ohio's holdings in Service Co. International were worth $3,855,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. GTS Securities LLC bought a new stake in Service Co. International in the 4th quarter valued at approximately $273,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Service Co. International by 2.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 628,011 shares of the company's stock worth $50,128,000 after purchasing an additional 15,945 shares in the last quarter. Twinbeech Capital LP acquired a new position in Service Co. International during the fourth quarter worth $5,775,000. Two Sigma Advisers LP bought a new position in Service Co. International in the fourth quarter valued at $335,000. Finally, Tidal Investments LLC increased its stake in Service Co. International by 4.1% in the 4th quarter. Tidal Investments LLC now owns 162,000 shares of the company's stock valued at $12,931,000 after buying an additional 6,433 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Service Co. International news, Director Tony Coelho sold 6,500 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $79.29, for a total transaction of $515,385.00. Following the sale, the director now directly owns 46,824 shares of the company's stock, valued at $3,712,674.96. The trade was a 12.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Thomas L. Ryan sold 50,000 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $84.56, for a total value of $4,228,000.00. Following the completion of the sale, the chief executive officer now owns 982,333 shares of the company's stock, valued at $83,066,078.48. The trade was a 4.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 61,900 shares of company stock worth $5,153,461 in the last three months. 4.40% of the stock is owned by corporate insiders.

Service Co. International Stock Performance

NYSE:SCI traded up $0.31 during mid-day trading on Tuesday, hitting $78.15. 1,546,822 shares of the stock were exchanged, compared to its average volume of 1,070,652. The firm's 50-day simple moving average is $77.47 and its 200 day simple moving average is $79.64. The stock has a market capitalization of $11.13 billion, a price-to-earnings ratio of 22.01, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96. Service Co. International has a fifty-two week low of $68.84 and a fifty-two week high of $89.37. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.48 and a current ratio of 0.52.

Service Co. International (NYSE:SCI - Get Free Report) last released 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. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the firm earned $0.89 EPS. The business's quarterly revenue was up 2.8% compared to the same quarter last year. As a group, equities analysts anticipate that Service Co. International will post 3.84 EPS for the current fiscal year.

Service Co. International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.64%. The ex-dividend date is Friday, June 13th. Service Co. International's payout ratio is 35.16%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SCI shares. Wall Street Zen upgraded Service Co. International from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. UBS Group dropped their price objective on Service Co. International from $90.00 to $88.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Service Co. International 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.