Turtle Creek Asset Management Inc. Has $133.07 Million Stock Holdings in Service Co. International (NYSE:SCI)

Turtle Creek Asset Management Inc. cut its stake in Service Co. International (NYSE:SCI - Free Report) by 15.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,667,147 shares of the company's stock after selling 299,350 shares during the period. Service Co. International accounts for about 3.5% of Turtle Creek Asset Management Inc.'s investment portfolio, making the stock its 14th biggest position. Turtle Creek Asset Management Inc. owned approximately 1.15% of Service Co. International worth $133,072,000 as of its most recent filing with the Securities and Exchange Commission.

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

Service Co. International Stock Down 0.0%

Service Co. International stock traded down $0.00 during mid-day trading on Friday, reaching $76.59. The company's stock had a trading volume of 356,863 shares, compared to its average volume of 1,063,052. 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 12 month low of $68.82 and a 12 month high of $89.37. The business's 50 day simple moving average is $77.74 and its 200 day simple moving average is $80.13. The company has a market capitalization of $10.90 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96.

Service Co. International (NYSE:SCI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates 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 revenue was up 2.8% compared to the same quarter last year. 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 company also recently declared 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. This represents a $1.28 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Friday, June 13th. Service Co. International's dividend payout ratio is currently 35.16%.

Analyst Ratings Changes

SCI has been the topic of a number of recent research reports. UBS Group reduced 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 note 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 equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $89.25.

Insider Activity

In other news, Director Tony Coelho sold 5,400 shares of the 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 transaction, the director now directly owns 43,938 shares of the company's stock, valued at $3,336,651.72. This represents a 10.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas L. Ryan sold 50,000 shares of the firm'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 of the company's stock, valued at approximately $83,066,078.48. This represents a 4.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 61,900 shares of company stock valued at $5,153,461 in the last quarter. 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.