Swiss National Bank Cuts Position in Service Corporation International (NYSE:SCI)

Swiss National Bank decreased its stake in Service Corporation International (NYSE:SCI - Free Report) by 1.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 280,900 shares of the company's stock after selling 3,400 shares during the quarter. Swiss National Bank owned about 0.20% of Service Corporation International worth $22,528,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Deutsche Bank AG boosted its holdings in shares of Service Corporation International by 0.9% in the 1st quarter. Deutsche Bank AG now owns 1,024,608 shares of the company's stock worth $82,174,000 after purchasing an additional 9,342 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Service Corporation International by 1.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 931,194 shares of the company's stock worth $74,682,000 after purchasing an additional 10,972 shares during the period. Fairfield Financial Advisors LTD boosted its holdings in shares of Service Corporation International by 95.1% in the 1st quarter. Fairfield Financial Advisors LTD now owns 4,662 shares of the company's stock worth $374,000 after purchasing an additional 2,272 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Service Corporation International by 2.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 345,856 shares of the company's stock worth $27,738,000 after purchasing an additional 7,802 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of Service Corporation International by 4.4% in the 1st quarter. US Bancorp DE now owns 5,167 shares of the company's stock worth $414,000 after purchasing an additional 217 shares during the period. Hedge funds and other institutional investors own 85.53% of the company's stock.

Insider Buying and Selling at Service Corporation International

In other Service Corporation International news, CEO Thomas L. Ryan sold 150,000 shares of Service Corporation International stock in a transaction on Friday, August 8th. The stock was sold at an average price of $80.49, for a total transaction of $12,073,500.00. Following the completion of the sale, the chief executive officer directly owned 982,333 shares of the company's stock, valued at $79,067,983.17. The trade was a 13.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Sumner J. Waring III sold 56,100 shares of Service Corporation International stock in a transaction on Friday, August 1st. The shares were sold at an average price of $76.57, for a total value of $4,295,577.00. Following the sale, the president directly owned 295,192 shares of the company's stock, valued at approximately $22,602,851.44. This trade represents a 15.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 213,950 shares of company stock valued at $17,001,787 in the last ninety days. Corporate insiders own 4.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SCI shares. Raymond James Financial reiterated an "outperform" rating and issued a $90.00 target price (up previously from $85.00) on shares of Service Corporation International in a report on Monday, August 4th. UBS Group decreased their price target 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 research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $90.50.

Service Corporation International Trading Up 0.0%

Shares of SCI stock traded up $0.02 on Friday, reaching $80.69. 562,197 shares of the company's stock were exchanged, compared to its average volume of 1,165,374. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 3.19. The company's fifty day simple moving average is $79.43 and its 200 day simple moving average is $78.62. The stock has a market capitalization of $11.32 billion, a PE ratio of 21.87, a P/E/G ratio of 1.99 and a beta of 0.90. Service Corporation International has a 52 week low of $71.75 and a 52 week high of $89.37.

Service Corporation International (NYSE:SCI - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.04. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. Service Corporation International had a return on equity of 32.84% and a net margin of 12.60%. Service Corporation International's revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.79 EPS. As a group, analysts forecast that Service Corporation International will post 3.84 EPS for the current year.

Service Corporation International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.28 dividend on an annualized basis and a yield of 1.6%. Service Corporation International's payout ratio is 34.69%.

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.