Service Corporation International $SCI Stock Sold by Boston Trust Walden Corp

Key Points

• Boston Trust Walden Corp reduced its SCI holdings by 2.2%, selling 13,199 shares; it retained 600,294 shares valued at about $45.7 million.
• SCI reported quarterly revenue of $1.11 billion, up 4.6% year over year, while EPS of $0.97 fell short of the $0.99 consensus estimate. The company declared a quarterly dividend of $0.36 per share, equivalent to a 1.9% yield.
• Analysts’ consensus rating remained Buy, with an average price target of $95.67; institutional investors collectively owned 85.53% of the company’s stock.

Boston Trust Walden Corp cut its holdings in Service Corporation International (NYSE:SCI - Free Report) by 2.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 600,294 shares of the company's stock after selling 13,199 shares during the period. Boston Trust Walden Corp owned 0.44% of Service Corporation International worth $45,712,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Tulsa Wealth Advisors INC acquired a new stake in shares of Service Corporation International during the second quarter worth $2,111,000. Turtle Creek Asset Management Inc. boosted its stake in Service Corporation International by 12.0% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 1,161,496 shares of the company's stock worth $95,835,000 after buying an additional 124,151 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Service Corporation International in the 2nd quarter worth about $80,965,000. Public Employees Retirement System of Ohio purchased a new stake in Service Corporation International in the 2nd quarter valued at about $2,904,000. Finally, Handelsbanken Fonder AB grew its holdings in Service Corporation International by 3.8% in the 2nd quarter. Handelsbanken Fonder AB now owns 881,985 shares of the company's stock valued at $66,996,000 after buying an additional 32,137 shares during the period. Hedge funds and other institutional investors own 85.53% of the company's stock.

Service Corporation International Price Performance

Shares of SCI stock opened at $77.10 on Thursday. The firm has a fifty day simple moving average of $79.56 and a 200-day simple moving average of $79.91. The company has a market capitalization of $10.48 billion, a PE ratio of 19.13, a price-to-earnings-growth ratio of 1.89 and a beta of 0.77. Service Corporation International has a twelve month low of $68.41 and a twelve month high of $90.99. The company has a current ratio of 0.40, a quick ratio of 0.36 and a debt-to-equity ratio of 3.16.

Service Corporation International (NYSE:SCI - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.02). Service Corporation International had a return on equity of 34.96% and a net margin of 12.70%. The firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.10 billion. During the same period last year, the firm earned $0.87 EPS. The business's quarterly revenue was up 4.6% on a year-over-year basis. Equities research analysts anticipate that Service Corporation International will post 4.00 earnings per share for the current fiscal year.

Service Corporation International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be paid a dividend of $0.36 per share. The ex-dividend date is Tuesday, December 15th. This represents a $1.44 annualized dividend and a dividend yield of 1.9%. Service Corporation International's dividend payout ratio (DPR) is currently 35.73%.

Wall Street Analyst Weigh In

SCI has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of Service Corporation International from a "hold" rating to a "sell" rating in a research note on Saturday, October 31st. JPMorgan Chase & Co. lowered their target price on shares of Service Corporation International from $100.00 to $95.00 and set an "overweight" rating for the company in a report on Friday, October 30th. UBS Group dropped their price target on shares of Service Corporation International from $105.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, October 30th. Finally, Weiss Ratings raised shares of Service Corporation International from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, October 21st. Four research analysts have rated the stock with a Buy rating. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $95.67.

Service Corporation International Profile

Service Corporation International NYSE: SCI is a Houston-based provider of funeral, cremation and cemetery services. The company operates funeral homes, cemeteries and cremation facilities, offering arrangements for traditional funerals, memorial services and cremations, as well as cemetery property, burial services and related merchandise.

SCI serves families primarily in the United States and Canada through a network of locations and a portfolio of brands that includes Dignity Memorial, Funeraria del Angel and Neptune Society.

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