UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Position in Service Co. International (NYSE:SCI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Service Co. International (NYSE:SCI - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 628,011 shares of the company's stock after purchasing an additional 15,945 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.43% of Service Co. International worth $50,128,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of Service Co. International in the 4th quarter valued at $25,000. Quarry LP grew its position in Service Co. International by 359.8% in the fourth quarter. Quarry LP now owns 469 shares of the company's stock valued at $37,000 after purchasing an additional 367 shares in the last quarter. Mizuho Bank Ltd. bought a new stake in shares of Service Co. International during the 4th quarter worth approximately $40,000. Resona Asset Management Co. Ltd. bought a new position in Service Co. International during the fourth quarter worth $40,000. Finally, Vision Financial Markets LLC acquired a new position in shares of Service Co. International in the fourth quarter valued at approximately $52,000. Institutional investors and hedge funds own 85.53% of the company's stock.

Insider Buying and Selling

In related news, CEO Thomas L. Ryan sold 50,000 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 982,333 shares of the company's stock, valued at $83,066,078.48. This trade represents a 4.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tony Coelho sold 5,400 shares of the firm'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 sale, the director now directly owns 43,938 shares of the company's stock, valued at $3,336,651.72. This trade represents a 10.94% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,900 shares of company stock worth $5,153,461. Corporate insiders own 4.40% of the company's stock.

Service Co. International Stock Up 0.1%

Shares of NYSE:SCI traded up $0.08 during mid-day trading on Friday, hitting $77.51. 147,968 shares of the company traded hands, compared to its average volume of 1,062,882. The stock has a market cap of $11.03 billion, a P/E ratio of 21.84, a P/E/G ratio of 1.90 and a beta of 0.96. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.83. Service Co. International has a 12-month low of $68.84 and a 12-month high of $89.37. The stock has a 50-day moving average price of $77.56 and a two-hundred day moving average price of $79.82.

Service Co. 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, 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 business had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.06 billion. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The business's revenue was up 2.8% on a year-over-year basis. On average, equities research analysts forecast that Service Co. International will post 3.84 earnings per share for the current year.

Service Co. International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Friday, June 13th. Service Co. International's dividend payout ratio is currently 35.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. UBS Group lowered their price target on Service Co. International from $90.00 to $88.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Wall Street Zen upgraded Service Co. International from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target 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.