Rhumbline Advisers Cuts Position in Service Co. International (NYSE:SCI)

Rhumbline Advisers cut its holdings in shares of Service Co. International (NYSE:SCI - Free Report) by 11.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 392,974 shares of the company's stock after selling 51,000 shares during the quarter. Rhumbline Advisers owned about 0.28% of Service Co. International worth $31,516,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Atlas Capital Advisors Inc. purchased a new stake in shares of Service Co. International in the 4th quarter valued at approximately $340,000. Man Group plc lifted its stake in Service Co. International by 177.4% during the fourth quarter. Man Group plc now owns 16,217 shares of the company's stock worth $1,294,000 after purchasing an additional 10,371 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Service Co. International by 1.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 185,277 shares of the company's stock valued at $14,348,000 after buying an additional 3,375 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Service Co. International by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 920,222 shares of the company's stock valued at $73,452,000 after purchasing an additional 5,074 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in Service Co. International by 13.5% in the fourth quarter. Victory Capital Management Inc. now owns 123,998 shares of the company's stock valued at $9,898,000 after purchasing an additional 14,738 shares during the period. 85.53% of the stock is owned by institutional investors and hedge funds.

Service Co. International Price Performance

Service Co. International stock traded up $0.99 during trading hours on Friday, hitting $79.22. The stock had a trading volume of 818,348 shares, compared to its average volume of 1,070,644. Service Co. International has a 1-year low of $68.84 and a 1-year high of $89.37. The stock has a market capitalization of $11.28 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 1.90 and a beta of 0.96. The stock's fifty day moving average is $77.39 and its two-hundred day moving average is $79.58. 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 issued its quarterly earnings data 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. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm posted $0.89 EPS. The company's quarterly revenue was up 2.8% compared to the same quarter last year. As a group, analysts predict that Service Co. International will post 3.84 earnings per share for the current fiscal year.

Service Co. International Announces Dividend

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 paid a $0.32 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.28 annualized dividend and a yield of 1.62%. Service Co. International's payout ratio is currently 35.16%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SCI. Wall Street Zen upgraded shares of Service Co. International from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. UBS Group cut their target price on shares of Service Co. International from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Service Co. International currently has a consensus rating of "Moderate Buy" and an average target price of $89.25.

Insiders Place Their Bets

In other news, CEO Thomas L. Ryan sold 50,000 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $84.56, for a total transaction of $4,228,000.00. Following the transaction, the chief executive officer now directly owns 982,333 shares in the company, valued at $83,066,078.48. This represents a 4.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 sale, the director now owns 43,938 shares of the company's stock, valued at approximately $3,336,651.72. The trade was a 10.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.40% of the company's stock.

Service Co. 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.