Sequoia Financial Advisors LLC Acquires 5,127 Shares of Service Corporation International (NYSE:SCI)

Sequoia Financial Advisors LLC raised its holdings in shares of Service Corporation International (NYSE:SCI - Free Report) by 2.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,308 shares of the company's stock after acquiring an additional 5,127 shares during the period. Sequoia Financial Advisors LLC owned approximately 0.15% of Service Corporation International worth $16,787,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in Service Corporation International during the fourth quarter worth approximately $435,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Service Corporation International in the 4th quarter worth $956,000. Bank of New York Mellon Corp lifted its holdings in shares of Service Corporation International by 8.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,459,377 shares of the company's stock valued at $116,487,000 after buying an additional 118,832 shares during the period. Illinois Municipal Retirement Fund lifted its holdings in shares of Service Corporation International by 37.5% in the fourth quarter. Illinois Municipal Retirement Fund now owns 18,433 shares of the company's stock valued at $1,471,000 after buying an additional 5,024 shares during the period. Finally, Whipplewood Advisors LLC bought a new position in Service Corporation International during the fourth quarter valued at about $60,000. Institutional investors and hedge funds own 85.53% of the company's stock.

Analyst Upgrades and Downgrades

SCI has been the topic of a number of research reports. UBS Group dropped their target price on shares of Service Corporation International from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Wall Street Zen upgraded shares of Service Corporation International from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.25.

Service Corporation International Trading Down 0.2%

Shares of SCI traded down $0.18 during midday trading on Monday, hitting $81.47. The stock had a trading volume of 797,432 shares, compared to its average volume of 1,062,345. Service Corporation International has a fifty-two week low of $68.84 and a fifty-two week high of $89.37. The business has a 50-day simple moving average of $78.18 and a two-hundred day simple moving average of $78.57. The firm has a market cap of $11.60 billion, a P/E ratio of 22.38, a price-to-earnings-growth ratio of 2.01 and a beta of 0.92. The company has a current ratio of 0.51, a quick ratio of 0.46 and a debt-to-equity ratio of 2.87.

Service Corporation International (NYSE:SCI - Get Free Report) last released 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. Service Corporation International had a net margin of 12.58% and a return on equity of 32.35%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the business earned $0.89 earnings per share. The firm's revenue was up 2.8% compared to the same quarter last year. As a group, equities analysts forecast that Service Corporation International will post 3.84 EPS for the current year.

Service Corporation International Announces Dividend

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. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Friday, June 13th. Service Corporation International's dividend payout ratio (DPR) is presently 35.16%.

Insider Activity

In related news, Director Tony Coelho sold 5,400 shares of Service Corporation International stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $75.94, for a total transaction of $410,076.00. Following the completion of the sale, the director owned 43,938 shares of the company's stock, valued at approximately $3,336,651.72. This trade represents a 10.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.40% of the company's stock.

Service Corporation 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.