Tidal Investments LLC Buys 6,433 Shares of Service Co. International (NYSE:SCI)

Tidal Investments LLC grew its stake in shares of Service Co. International (NYSE:SCI - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 162,000 shares of the company's stock after acquiring an additional 6,433 shares during the quarter. Tidal Investments LLC owned about 0.11% of Service Co. International worth $12,931,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SCI. Barclays PLC lifted its position in shares of Service Co. International by 94.5% during the 3rd quarter. Barclays PLC now owns 123,375 shares of the company's stock valued at $9,738,000 after acquiring an additional 59,956 shares during the period. Franklin Resources Inc. lifted its position in shares of Service Co. International by 263.1% during the 3rd quarter. Franklin Resources Inc. now owns 15,912 shares of the company's stock valued at $1,206,000 after acquiring an additional 11,530 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Service Co. International during the 4th quarter valued at $3,229,000. Ritholtz Wealth Management lifted its position in shares of Service Co. International by 5.8% during the 4th quarter. Ritholtz Wealth Management now owns 9,277 shares of the company's stock valued at $740,000 after acquiring an additional 506 shares during the period. Finally, Merit Financial Group LLC lifted its position in shares of Service Co. International by 32.8% during the 4th quarter. Merit Financial Group LLC now owns 25,863 shares of the company's stock valued at $2,064,000 after acquiring an additional 6,391 shares during the period. 85.53% of the stock is currently owned by institutional investors.

Service Co. International Price Performance

Shares of Service Co. International stock traded up $0.21 during trading on Friday, reaching $76.80. 947,960 shares of the company's stock were exchanged, compared to its average volume of 1,066,032. 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 has a 1-year low of $68.82 and a 1-year high of $89.37. The company has a market cap of $10.93 billion, a P/E ratio of 21.63, a PEG ratio of 1.90 and a beta of 0.96. The firm's 50-day moving average price is $77.69 and its 200 day moving average price is $80.03.

Service Co. International (NYSE:SCI - Get Free Report) last posted 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. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. The business's quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the company earned $0.89 earnings per share. As a group, research analysts anticipate that Service Co. International will post 3.84 earnings per share for the current year.

Service Co. International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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 dividend yield of 1.67%. Service Co. International's payout ratio is 35.16%.

Analysts Set New Price Targets

A number of 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 research report on Thursday, April 3rd. 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. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Service Co. International presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.25.

Insider Activity

In related news, CEO Thomas L. Ryan sold 50,000 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $84.56, for a total transaction of $4,228,000.00. Following the sale, the chief executive officer now 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tony Coelho sold 5,400 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $75.94, for a total value of $410,076.00. Following the completion of the transaction, the director now owns 43,938 shares in the company, valued at approximately $3,336,651.72. The trade was a 10.94% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,900 shares of company stock valued at $5,153,461. Company 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.