Gotham Asset Management LLC Acquires 6,892 Shares of Service Co. International (NYSE:SCI)

Gotham Asset Management LLC boosted its holdings in shares of Service Co. International (NYSE:SCI - Free Report) by 6.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 114,182 shares of the company's stock after buying an additional 6,892 shares during the period. Gotham Asset Management LLC owned approximately 0.08% of Service Co. International worth $9,114,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in Service Co. International during the fourth quarter valued at $25,000. Quarry LP raised its stake in shares of Service Co. International by 359.8% during the 4th quarter. Quarry LP now owns 469 shares of the company's stock worth $37,000 after purchasing an additional 367 shares in the last quarter. Mizuho Bank Ltd. acquired a new stake in shares of Service Co. International during the 4th quarter valued at about $40,000. Resona Asset Management Co. Ltd. acquired a new stake in shares of Service Co. International during the 4th quarter valued at about $40,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Service Co. International during the 4th quarter valued at about $52,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Service Co. International

In related news, Director Tony Coelho sold 6,500 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $79.29, for a total transaction of $515,385.00. Following the completion of the sale, the director now owns 46,824 shares in the company, valued at $3,712,674.96. This represents a 12.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas L. Ryan sold 50,000 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now owns 982,333 shares of the company's stock, valued at approximately $83,066,078.48. The trade was a 4.84% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,900 shares of company stock worth $5,153,461. 4.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. StockNews.com upgraded Service Co. International from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. UBS Group reduced their price target on Service Co. International from $90.00 to $88.00 and set a "buy" rating for the company in a report on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $89.25.

Service Co. International Stock Up 2.1%

Shares of SCI traded up $1.62 during trading hours on Friday, hitting $78.57. 1,249,340 shares of the company were exchanged, compared to its average volume of 1,063,395. The company has a market cap of $11.19 billion, a PE ratio of 22.13, a PEG ratio of 1.90 and a beta of 0.96. The firm's 50 day moving average is $77.84 and its 200-day moving average is $80.23. Service Co. International has a 52 week low of $68.51 and a 52 week high of $89.37. 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 (NYSE:SCI - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.05. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. The firm's revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.89 EPS. On average, equities research analysts forecast 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 paid 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 1.63%. Service Co. International's dividend payout ratio (DPR) is presently 35.16%.

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.