First Trust Advisors LP acquired a new stake in Service Co. International (NYSE:SCI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 53,864 shares of the company's stock, valued at approximately $4,299,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in Service Co. International during the fourth quarter worth $25,000. Mizuho Bank Ltd. purchased a new position in shares of Service Co. International during the 4th quarter valued at $40,000. Resona Asset Management Co. Ltd. purchased a new stake in Service Co. International in the 4th quarter worth about $40,000. Vision Financial Markets LLC purchased a new stake in Service Co. International in the 4th quarter worth about $52,000. Finally, GeoWealth Management LLC bought a new stake in Service Co. International in the 4th quarter valued at about $53,000. Institutional investors own 85.53% of the company's stock.
Service Co. International Price Performance
Shares of SCI stock traded down $0.70 during trading hours on Wednesday, hitting $76.12. 1,217,948 shares of the company's stock were exchanged, compared to its average volume of 1,054,250. Service Co. International has a 12-month low of $67.83 and a 12-month high of $89.37. The company has a market capitalization of $10.97 billion, a PE ratio of 21.44, a PEG ratio of 1.90 and a beta of 0.96. The business's 50 day simple moving average is $78.52 and its 200-day simple moving average is $80.22. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.83.
Service Co. International (NYSE:SCI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.96 earnings per share 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 during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm posted $0.89 earnings per share. The firm's revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities research analysts anticipate that Service Co. International will post 3.84 earnings per share for the current year.
Service Co. International Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, June 13th. Service Co. International's dividend payout ratio is 35.16%.
Insider Activity at Service Co. International
In related news, CEO Thomas L. Ryan sold 50,000 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $84.56, for a total value of $4,228,000.00. Following the completion of the transaction, the chief executive officer now directly owns 982,333 shares of the company's stock, valued at $83,066,078.48. This represents a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Tony Coelho sold 6,500 shares of Service Co. International stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $79.29, for a total value of $515,385.00. Following the sale, the director now directly owns 46,824 shares in the company, valued at approximately $3,712,674.96. The trade was a 12.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.40% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several equities analysts have recently weighed in on SCI shares. StockNews.com upgraded shares of Service Co. International from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. UBS Group lowered their target price on shares of Service Co. International from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $89.25.
Get Our Latest Analysis on SCI
About Service Co. International
(
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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