10,840 Shares in Service Corporation International (NYSE:SCI) Bought by SG Americas Securities LLC

SG Americas Securities LLC bought a new stake in Service Corporation International (NYSE:SCI - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,840 shares of the company's stock, valued at approximately $869,000.

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SCI shares. UBS Group lowered their price target 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. Wall Street Zen raised Service Corporation International from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Service Corporation International currently has an average rating of "Moderate Buy" and an average target price of $89.25.

Service Corporation International Price Performance

Shares of Service Corporation International stock traded up $0.22 on Friday, reaching $78.52. The stock had a trading volume of 1,227,850 shares, compared to its average volume of 1,067,714. The business's 50 day moving average is $77.82 and its two-hundred day moving average is $78.86. 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 has a 1 year low of $68.84 and a 1 year high of $89.37. The company has a market cap of $11.18 billion, a P/E ratio of 21.57, a price-to-earnings-growth ratio of 1.94 and a beta of 0.92.

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 for the quarter, topping the consensus estimate of $0.91 by $0.05. The firm had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.06 billion. Service Corporation International had a net margin of 12.58% and a return on equity of 32.35%. The business's quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.89 earnings per share. As a group, research analysts anticipate that Service Corporation International will post 3.84 EPS for the current year.

Service Corporation International Announces Dividend

The business 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 dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Friday, June 13th. Service Corporation International's dividend payout ratio (DPR) is currently 35.16%.

Insider Transactions at Service Corporation International

In other news, Director Tony Coelho sold 5,400 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $75.94, for a total transaction of $410,076.00. Following the transaction, the director now directly owns 43,938 shares in the company, valued at approximately $3,336,651.72. This represents a 10.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.