Service Corporation International (NYSE:SCI) Holdings Boosted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its holdings in Service Corporation International (NYSE:SCI - Free Report) by 2.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 345,856 shares of the company's stock after acquiring an additional 7,802 shares during the period. PNC Financial Services Group Inc. owned about 0.24% of Service Corporation International worth $27,738,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. FMR LLC increased its stake in shares of Service Corporation International by 70.2% in the fourth 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. T. Rowe Price Investment Management Inc. increased its stake in shares of Service Corporation International by 5.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,952,636 shares of the company's stock valued at $714,600,000 after acquiring an additional 492,822 shares during the period. Principal Financial Group Inc. increased its stake in shares of Service Corporation International by 136.1% during the first quarter. Principal Financial Group Inc. now owns 782,429 shares of the company's stock valued at $62,751,000 after acquiring an additional 451,068 shares during the period. Millennium Management LLC increased its stake in shares of Service Corporation International by 19,170.2% during the fourth quarter. Millennium Management LLC now owns 333,157 shares of the company's stock valued at $26,593,000 after acquiring an additional 334,904 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Service Corporation International by 24.9% during the fourth quarter. Northern Trust Corp now owns 1,650,384 shares of the company's stock valued at $131,734,000 after acquiring an additional 328,686 shares during the period. Institutional investors own 85.53% of the company's stock.

Service Corporation International Stock Performance

Shares of Service Corporation International stock opened at $78.47 on Tuesday. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.61 and a quick ratio of 0.56. The firm has a market cap of $11.17 billion, a P/E ratio of 21.27, a P/E/G ratio of 1.90 and a beta of 0.90. The firm has a 50 day simple moving average of $79.05 and a 200 day simple moving average of $78.50. Service Corporation International has a fifty-two week low of $70.46 and a fifty-two week high of $89.37.

Service Corporation International (NYSE:SCI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.04. The company had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.05 billion. Service Corporation International had a net margin of 12.60% and a return on equity of 32.84%. The business's quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm posted $0.79 earnings per share. Sell-side analysts predict that Service Corporation International will post 3.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Raymond James Financial restated an "outperform" rating and set a $90.00 target price (up from $85.00) on shares of Service Corporation International in a report on Monday. UBS Group lowered their price objective on shares of Service Corporation International from $90.00 to $88.00 and set a "buy" rating on the stock in a research 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $90.50.

Insider Buying and Selling at Service Corporation 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 transaction of $410,076.00. Following the transaction, the director directly owned 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, President Sumner J. Waring III sold 56,100 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $76.57, for a total transaction of $4,295,577.00. Following the transaction, the president owned 295,192 shares in the company, valued at $22,602,851.44. This represents a 15.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.40% of the stock is currently owned by insiders.

Service Corporation 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.

Want to see what other hedge funds are holding SCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Service Corporation International (NYSE:SCI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.