Tobam boosted its stake in Service Co. International (NYSE:SCI - Free Report) by 502.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,939 shares of the company's stock after purchasing an additional 3,285 shares during the period. Tobam's holdings in Service Co. International were worth $316,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in SCI. Brighton Jones LLC acquired a new stake in Service Co. International in the 4th quarter valued at $435,000. Empowered Funds LLC boosted its position in Service Co. International by 35.0% in the 4th quarter. Empowered Funds LLC now owns 37,406 shares of the company's stock valued at $2,986,000 after buying an additional 9,696 shares during the last quarter. Savant Capital LLC purchased a new position in Service Co. International in the 4th quarter valued at about $216,000. Allspring Global Investments Holdings LLC boosted its position in Service Co. International by 1.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 185,277 shares of the company's stock valued at $14,348,000 after buying an additional 3,375 shares during the last quarter. Finally, Stanley Laman Group Ltd. boosted its position in Service Co. International by 0.5% in the 4th quarter. Stanley Laman Group Ltd. now owns 40,098 shares of the company's stock valued at $3,201,000 after buying an additional 214 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.
Service Co. International Stock Down 0.3%
Shares of SCI stock traded down $0.21 during trading hours on Monday, hitting $78.27. 652,142 shares of the company were exchanged, compared to its average volume of 1,073,643. 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 business's 50-day simple moving average is $77.63 and its two-hundred day simple moving average is $79.07. The stock has a market capitalization of $11.14 billion, a price-to-earnings ratio of 22.05, a P/E/G ratio of 1.90 and a beta of 0.92.
Service Co. International (NYSE:SCI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.91 by $0.05. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. The business had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.06 billion. During the same quarter last year, the company posted $0.89 earnings per share. The company's quarterly revenue was up 2.8% compared to the same quarter last year. Sell-side analysts predict that Service Co. International will post 3.84 EPS for the current fiscal year.
Service Co. International Announces Dividend
The business also recently declared 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. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.28 annualized dividend and a dividend yield of 1.64%. Service Co. International's payout ratio is 35.16%.
Insider Transactions at Service Co. International
In other news, Director Tony Coelho sold 5,400 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $75.94, for a total transaction of $410,076.00. Following the transaction, the director now owns 43,938 shares of the company's stock, valued at approximately $3,336,651.72. This trade represents a 10.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.40% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. Wall Street Zen raised shares of Service Co. International from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. UBS Group decreased their price objective on shares of Service Co. International from $90.00 to $88.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $89.25.
Check Out Our Latest Analysis on SCI
Service Co. International Profile
(
Free Report)
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.
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