Tobam Boosts Stock Position in Service Co. International (NYSE:SCI)

Tobam boosted its holdings in Service Co. International (NYSE:SCI - Free Report) by 502.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,939 shares of the company's stock after purchasing an additional 3,285 shares during the quarter. Tobam's holdings in Service Co. International were worth $316,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. FMR LLC grew its stake in shares of Service Co. International by 70.2% in the 4th quarter. FMR LLC now owns 6,901,982 shares of the company's stock worth $550,916,000 after buying an additional 2,846,159 shares during the last quarter. Norges Bank bought a new stake in Service Co. International in the fourth quarter worth $96,498,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Service Co. International by 237.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 911,294 shares of the company's stock worth $72,739,000 after acquiring an additional 641,552 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Service Co. International by 5.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,952,636 shares of the company's stock worth $714,600,000 after acquiring an additional 492,822 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Service Co. International by 19,170.2% during the fourth quarter. Millennium Management LLC now owns 333,157 shares of the company's stock valued at $26,593,000 after acquiring an additional 334,904 shares in the last quarter. Institutional investors own 85.53% of the company's stock.

Service Co. International Stock Performance

Shares of NYSE:SCI traded down $1.72 during midday trading on Friday, reaching $78.43. 1,075,018 shares of the company's stock traded hands, compared to its average volume of 1,075,849. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.48 and a current ratio of 0.52. Service Co. International has a one year low of $68.84 and a one year high of $89.37. The company has a market cap of $11.17 billion, a price-to-earnings ratio of 22.09, a P/E/G ratio of 1.90 and a beta of 0.92. The stock has a 50 day moving average of $77.54 and a 200 day moving average of $79.27.

Service Co. International (NYSE:SCI - Get Free Report) last posted its earnings results 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. The business had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.06 billion. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. The business's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 EPS. As a group, equities research analysts anticipate that Service Co. International will post 3.84 EPS for the current fiscal year.

Service Co. International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.32 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.63%. Service Co. International's dividend payout ratio (DPR) is currently 35.16%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. UBS Group dropped their price target on shares of Service Co. International from $90.00 to $88.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Wall Street Zen raised shares of Service Co. International from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $89.25.

Insider Transactions at Service Co. International

In other Service Co. International news, Director Tony Coelho sold 5,400 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $75.94, for a total transaction 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. This represents a 10.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.40% of the company's stock.

Service Co. 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.