Russell Investments Group Ltd. Has $29.58 Million Stock Holdings in Service Corporation International (NYSE:SCI)

Key Points

• Russell Investments Group Ltd. reduced its stake in Service Corporation International (NYSE:SCI) by 4.2%, now holding approximately $29.58 million worth of shares.
• Analysts have set a consensus price target of $90.50 for Service Corporation International, with recommendations ranging from "hold" to "buy."
• The company recently announced a quarterly dividend of $0.32 per share, reflecting a **1.6%** yield, with an ex-dividend date on September 15th.

Russell Investments Group Ltd. decreased its position in shares of Service Corporation International (NYSE:SCI - Free Report) by 4.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 369,207 shares of the company's stock after selling 16,265 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.26% of Service Corporation International worth $29,577,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. lifted its holdings in Service Corporation International by 5.8% during 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. Northern Trust Corp lifted its holdings in Service Corporation International by 24.9% during the 4th 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 in the last quarter. Deutsche Bank AG lifted its holdings in Service Corporation International by 0.9% during the 1st quarter. Deutsche Bank AG now owns 1,024,608 shares of the company's stock worth $82,174,000 after buying an additional 9,342 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Service Corporation International by 1.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 931,194 shares of the company's stock valued at $74,682,000 after purchasing an additional 10,972 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of Service Corporation International by 136.1% in the 1st quarter. Principal Financial Group Inc. now owns 782,429 shares of the company's stock valued at $62,751,000 after purchasing an additional 451,068 shares during the period. Institutional investors and hedge funds own 85.53% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on SCI shares. Raymond James Financial reissued an "outperform" rating and issued a $90.00 price target (up previously from $85.00) on shares of Service Corporation International in a research note on Monday, August 4th. UBS Group cut their price target on Service Corporation 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 issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $90.50.

Service Corporation International Stock Performance

SCI stock opened at $80.69 on Friday. The company has a market cap of $11.32 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 1.96 and a beta of 0.90. Service Corporation International has a twelve month low of $71.75 and a twelve month high of $89.37. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 3.19. The business's fifty day moving average is $79.46 and its 200-day moving average is $78.62.

Service Corporation International (NYSE:SCI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.84 by $0.04. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. Service Corporation International had a return on equity of 32.84% and a net margin of 12.60%. The firm's revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.79 EPS. Equities research analysts forecast that Service Corporation International will post 3.84 EPS for the current year.

Service Corporation International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, September 15th. Service Corporation International's dividend payout ratio (DPR) is presently 34.69%.

Insider Buying and Selling

In related news, CEO Thomas L. Ryan sold 150,000 shares of the firm's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $80.49, for a total transaction of $12,073,500.00. Following the sale, the chief executive officer owned 982,333 shares of the company's stock, valued at approximately $79,067,983.17. This trade represents a 13.25% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Tony Coelho sold 7,850 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $80.60, for a total value of $632,710.00. Following the transaction, the director owned 36,088 shares of the company's stock, valued at approximately $2,908,692.80. This trade represents a 17.87% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 213,950 shares of company stock valued at $17,001,787. 4.40% of the stock is owned by company insiders.

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.

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