Service Co. International (NYSE:SCI) Shares Sold by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA trimmed its position 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 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atlas Capital Advisors Inc. purchased a new position in Service Co. International in the 4th quarter valued at about $340,000. Man Group plc lifted its stake in shares of Service Co. International by 177.4% in the fourth quarter. Man Group plc now owns 16,217 shares of the company's stock worth $1,294,000 after acquiring an additional 10,371 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Service Co. International by 1.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 185,277 shares of the company's stock valued at $14,348,000 after purchasing an additional 3,375 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Service Co. International by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 920,222 shares of the company's stock valued at $73,452,000 after purchasing an additional 5,074 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in Service Co. International by 13.5% during the 4th quarter. Victory Capital Management Inc. now owns 123,998 shares of the company's stock valued at $9,898,000 after purchasing an additional 14,738 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company's stock.

Insider Transactions at Service Co. International

In related news, Director Tony Coelho sold 5,400 shares of Service Co. International stock in a transaction dated Thursday, May 8th. The shares were 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 trade represents a 10.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 4.40% of the company's stock.

Service Co. International Stock Performance

Shares of NYSE:SCI traded down $1.72 during 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 stock has a market capitalization of $11.17 billion, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 1.90 and a beta of 0.92. Service Co. International has a 12 month low of $68.84 and a 12 month high of $89.37. The company has a 50 day moving average of $77.54 and a 200-day moving average of $79.27. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.52 and a quick ratio of 0.48.

Service Co. International (NYSE:SCI - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.96 EPS 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 analyst estimates of $1.06 billion. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. The business's revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 earnings per share. On average, equities analysts expect that Service Co. International will post 3.84 EPS for the current 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 issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Friday, June 13th. Service Co. International's dividend payout ratio (DPR) is 35.16%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SCI shares. UBS Group dropped their target price 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. Wall Street Zen upgraded Service Co. International from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Service Co. International presently has a consensus rating of "Moderate Buy" and an average target price of $89.25.

About Service Co. 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.