Turtle Creek Asset Management Inc. Reduces Position in Service Co. International (NYSE:SCI)

Turtle Creek Asset Management Inc. lessened its holdings in shares of Service Co. International (NYSE:SCI - Free Report) by 15.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,667,147 shares of the company's stock after selling 299,350 shares during the quarter. Service Co. International makes up 3.5% of Turtle Creek Asset Management Inc.'s portfolio, making the stock its 14th largest holding. Turtle Creek Asset Management Inc. owned 1.15% of Service Co. International worth $133,072,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC raised its position in shares of Service Co. International by 70.2% during the 4th quarter. FMR LLC now owns 6,901,982 shares of the company's stock valued at $550,916,000 after purchasing an additional 2,846,159 shares during the period. Norges Bank bought a new stake in shares of Service Co. International during the 4th quarter valued at $96,498,000. Arrowstreet Capital Limited Partnership raised its position in shares of Service Co. International by 237.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 911,294 shares of the company's stock valued at $72,739,000 after purchasing an additional 641,552 shares during the period. T. Rowe Price Investment Management Inc. raised its position in shares of Service Co. 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 valued at $714,600,000 after purchasing an additional 492,822 shares during the period. Finally, Millennium Management LLC raised its position in shares of Service Co. International by 19,170.2% during the 4th quarter. Millennium Management LLC now owns 333,157 shares of the company's stock valued at $26,593,000 after purchasing an additional 334,904 shares during the period. Hedge funds and other institutional investors own 85.53% of the company's stock.

Insider Transactions at Service Co. International

In other news, Director Tony Coelho sold 5,400 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $75.94, for a total value of $410,076.00. Following the sale, the director now directly owns 43,938 shares in the company, valued at $3,336,651.72. The trade was a 10.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Thomas L. Ryan sold 50,000 shares of the business'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 completion of the sale, the chief executive officer now owns 982,333 shares in the company, valued at approximately $83,066,078.48. This trade represents a 4.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 61,900 shares of company stock worth $5,153,461 in the last three months. Insiders own 4.40% of the company's stock.

Service Co. International Price Performance

NYSE SCI traded down $0.23 on Wednesday, reaching $77.42. The company had a trading volume of 1,428,549 shares, compared to its average volume of 1,064,931. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.83. The stock has a market capitalization of $11.02 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96. The firm's 50 day moving average price is $77.79 and its 200 day moving average price is $80.17. Service Co. International has a 12 month low of $68.82 and a 12 month high of $89.37.

Service Co. International (NYSE:SCI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.05. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. Service Co. International's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 EPS. As a group, equities analysts predict that Service Co. International will post 3.84 earnings per share for the current year.

Service Co. International Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently commented on the stock. UBS Group decreased their price objective on shares of Service Co. International from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. StockNews.com upgraded shares of Service Co. International from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $89.25.

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.