SG Americas Securities LLC Purchases Shares of 10,840 Service Corporation International (NYSE:SCI)

SG Americas Securities LLC purchased a new stake in Service Corporation International (NYSE:SCI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 10,840 shares of the company's stock, valued at approximately $869,000.

Several other hedge funds and other institutional investors also recently modified their holdings of SCI. GAMMA Investing LLC lifted its holdings in shares of Service Corporation International by 20.3% in the first quarter. GAMMA Investing LLC now owns 2,539 shares of the company's stock worth $204,000 after acquiring an additional 429 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Service Corporation International by 273.1% in the first quarter. Farther Finance Advisors LLC now owns 3,436 shares of the company's stock worth $278,000 after acquiring an additional 2,515 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Service Corporation International by 29.0% in the first quarter. UMB Bank n.a. now owns 3,132 shares of the company's stock worth $251,000 after acquiring an additional 704 shares during the last quarter. Procyon Advisors LLC lifted its holdings in shares of Service Corporation International by 7.7% in the first quarter. Procyon Advisors LLC now owns 7,984 shares of the company's stock worth $640,000 after acquiring an additional 568 shares during the last quarter. Finally, Iams Wealth Management LLC lifted its holdings in shares of Service Corporation International by 13.5% in the first quarter. Iams Wealth Management LLC now owns 10,944 shares of the company's stock worth $878,000 after acquiring an additional 1,298 shares during the last quarter. Institutional investors own 85.53% of the company's stock.

Insider Activity at Service Corporation International

In related news, Director Tony Coelho sold 5,400 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $75.94, for a total value of $410,076.00. Following the sale, the director now directly owns 43,938 shares in the company, valued at $3,336,651.72. This represents a 10.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on SCI. Wall Street Zen raised shares of Service Corporation International from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. UBS Group lowered their price objective on Service Corporation International from $90.00 to $88.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Service Corporation International has a consensus rating of "Moderate Buy" and a consensus price target of $89.25.

Service Corporation International Trading Up 0.3%

Shares of Service Corporation International stock traded up $0.22 on Friday, hitting $78.52. The stock had a trading volume of 1,227,850 shares, compared to its average volume of 1,069,906. The stock has a 50 day moving average of $77.82 and a 200 day moving average of $78.92. Service Corporation International has a twelve month low of $68.84 and a twelve month high of $89.37. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.46 and a current ratio of 0.51. The firm has a market capitalization of $11.18 billion, a P/E ratio of 21.57, a PEG ratio of 1.93 and a beta of 0.92.

Service Corporation International (NYSE:SCI - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the firm posted $0.89 earnings per share. The firm's revenue was up 2.8% compared to the same quarter last year. Sell-side analysts expect that Service Corporation International will post 3.84 earnings per share for the current fiscal year.

Service Corporation International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Friday, June 13th. Service Corporation International's payout ratio is presently 35.16%.

About Service Corporation International

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.