Union Bancaire Privee UBP SA Reduces Holdings in Service Co. International (NYSE:SCI)

Union Bancaire Privee UBP SA lowered its stake in shares of Service Co. International (NYSE:SCI - Free Report) by 45.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,384 shares of the company's stock after selling 12,855 shares during the period. Union Bancaire Privee UBP SA's holdings in Service Co. International were worth $1,234,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of SCI. Fifth Third Bancorp raised its stake in Service Co. International by 12.2% in the first quarter. Fifth Third Bancorp now owns 1,426 shares of the company's stock valued at $114,000 after buying an additional 155 shares during the last quarter. CX Institutional raised its position in shares of Service Co. International by 13.3% in the 1st quarter. CX Institutional now owns 12,494 shares of the company's stock valued at $1,002,000 after purchasing an additional 1,466 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Service Co. International in the 1st quarter valued at approximately $869,000. GAMMA Investing LLC raised its position in shares of Service Co. International by 20.3% in the 1st quarter. GAMMA Investing LLC now owns 2,539 shares of the company's stock valued at $204,000 after purchasing an additional 429 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Service Co. International by 273.1% in the 1st quarter. Farther Finance Advisors LLC now owns 3,436 shares of the company's stock valued at $278,000 after purchasing an additional 2,515 shares during the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Service Co. International Stock Performance

Shares of Service Co. International stock traded down $0.21 during trading on Monday, hitting $78.27. 652,142 shares of the company's stock 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. The business has a 50-day simple moving average of $77.63 and a 200-day simple moving average of $79.07. Service Co. International has a 52-week low of $68.84 and a 52-week high of $89.37. The stock has a market capitalization of $11.14 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 1.90 and a beta of 0.92.

Service Co. International (NYSE:SCI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.05. The company had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.06 billion. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. Service Co. International's quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the business earned $0.89 earnings per share. On average, research analysts forecast that Service Co. International will post 3.84 EPS for the current year.

Service Co. International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors 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 annualized dividend and a dividend yield of 1.64%. Service Co. International's dividend payout ratio is presently 35.16%.

Insider Activity at Service Co. International

In related news, Director Tony Coelho sold 5,400 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $75.94, for a total value of $410,076.00. Following the completion of the sale, the director now owns 43,938 shares of the company's stock, valued at approximately $3,336,651.72. The trade was a 10.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.40% of the stock is owned by company insiders.

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.