Sequoia Financial Advisors LLC raised its stake in Service Corporation International (NYSE:SCI - Free Report) by 2.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 209,308 shares of the company's stock after buying an additional 5,127 shares during the period. Sequoia Financial Advisors LLC owned approximately 0.15% of Service Corporation International worth $16,787,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in SCI. SBI Securities Co. Ltd. acquired a new stake in shares of Service Corporation International in the 4th quarter worth approximately $25,000. Quarry LP boosted its position in Service Corporation International by 359.8% during the fourth quarter. Quarry LP now owns 469 shares of the company's stock worth $37,000 after purchasing an additional 367 shares in the last quarter. Mizuho Bank Ltd. acquired a new stake in Service Corporation International in the fourth quarter valued at $40,000. Resona Asset Management Co. Ltd. acquired a new stake in Service Corporation International in the fourth quarter valued at $40,000. Finally, Vision Financial Markets LLC purchased a new position in shares of Service Corporation International in the fourth quarter valued at $52,000. 85.53% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Service Corporation International
In other Service Corporation International news, Director Tony Coelho sold 5,400 shares of Service Corporation International stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $75.94, for a total value of $410,076.00. Following the completion of the sale, the director now directly owns 43,938 shares of the company's stock, valued at approximately $3,336,651.72. The trade was a 10.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.40% of the company's stock.
Service Corporation International Price Performance
Service Corporation International stock traded up $0.37 during mid-day trading on Friday, hitting $81.63. 1,165,240 shares of the company were exchanged, compared to its average volume of 1,067,443. Service Corporation International has a 12-month low of $68.84 and a 12-month high of $89.37. The company has a market capitalization of $11.62 billion, a P/E ratio of 22.42, a PEG ratio of 1.97 and a beta of 0.92. The business's 50 day simple moving average is $78.01 and its two-hundred day simple moving average is $78.73. The company has a debt-to-equity ratio of 2.87, a current ratio of 0.51 and a quick ratio of 0.46.
Service Corporation International (NYSE:SCI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.05. Service Corporation International had a return on equity of 32.35% and a net margin of 12.58%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the company earned $0.89 earnings per share. The business's revenue for the quarter was up 2.8% compared to the same quarter last year. Analysts forecast that Service Corporation International will post 3.84 earnings per share for the current fiscal year.
Service Corporation International Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given 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 of this dividend is Friday, June 13th. Service Corporation International's dividend payout ratio is presently 35.16%.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on SCI shares. 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. UBS Group cut their target price on shares of Service Corporation International from $90.00 to $88.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $89.25.
Check Out Our Latest Stock Analysis on Service Corporation International
About Service Corporation International
(
Free Report)
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.
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