Baillie Gifford & Co. lowered its stake in Service Co. International (NYSE:SCI - Free Report) by 3.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 14,050,225 shares of the company's stock after selling 570,479 shares during the quarter. Baillie Gifford & Co. owned 9.51% of Service Co. International worth $961,738,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in SCI. Quarry LP boosted its stake in Service Co. International by 282.2% during the 1st quarter. Quarry LP now owns 493 shares of the company's stock worth $34,000 after purchasing an additional 364 shares during the last quarter. Larson Financial Group LLC acquired a new position in shares of Service Co. International during the 3rd quarter valued at about $36,000. Massmutual Trust Co. FSB ADV boosted its position in shares of Service Co. International by 204.1% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 599 shares of the company's stock valued at $41,000 after acquiring an additional 402 shares during the last quarter. Ancora Advisors LLC acquired a new position in shares of Service Co. International during the 1st quarter valued at about $44,000. Finally, M&R Capital Management Inc. boosted its position in shares of Service Co. International by 125.5% during the 4th quarter. M&R Capital Management Inc. now owns 902 shares of the company's stock valued at $62,000 after acquiring an additional 502 shares during the last quarter. Institutional investors and hedge funds own 85.53% of the company's stock.
Service Co. International Trading Down 0.6 %
SCI traded down $0.40 on Tuesday, hitting $72.00. The company had a trading volume of 522,481 shares, compared to its average volume of 838,194. The firm has a market cap of $10.55 billion, a P/E ratio of 20.45, a PEG ratio of 1.98 and a beta of 0.81. Service Co. International has a 1 year low of $52.89 and a 1 year high of $75.97. The company's fifty day moving average price is $71.86 and its 200 day moving average price is $65.51. The company has a current ratio of 0.67, a quick ratio of 0.62 and a debt-to-equity ratio of 3.02.
Service Co. International (NYSE:SCI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.02. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. Service Co. International had a net margin of 13.11% and a return on equity of 32.88%. Service Co. International's revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 EPS. As a group, equities analysts expect that Service Co. International will post 3.62 earnings per share for the current year.
Service Co. International Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, March 14th. This is a positive change from Service Co. International's previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a yield of 1.67%. Service Co. International's dividend payout ratio is 32.95%.
Insiders Place Their Bets
In other Service Co. International news, VP Steven A. Tidwell sold 45,995 shares of the business's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $75.43, for a total transaction of $3,469,402.85. Following the sale, the vice president now directly owns 54,354 shares in the company, valued at $4,099,922.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Service Co. International news, VP Steven A. Tidwell sold 45,995 shares of the business's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $75.43, for a total transaction of $3,469,402.85. Following the sale, the vice president now directly owns 54,354 shares in the company, valued at $4,099,922.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tony Coelho sold 8,950 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $75.39, for a total transaction of $674,740.50. Following the sale, the director now owns 60,887 shares in the company, valued at $4,590,270.93. The disclosure for this sale can be found here. Insiders have sold 202,675 shares of company stock worth $15,066,906 over the last three months. Company insiders own 4.60% of the company's stock.
Analyst Upgrades and Downgrades
SCI has been the topic of several recent research reports. UBS Group boosted their price target on shares of Service Co. International from $72.00 to $79.00 and gave the company a "buy" rating in a research report on Wednesday, February 14th. Oppenheimer boosted their price target on shares of Service Co. International from $71.00 to $76.00 and gave the company an "outperform" rating in a research report on Friday, February 16th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $75.00.
Read Our Latest Report on Service Co. International
Service Co. International Company Profile
(
Free Report)
Service Corporation International provides deathcare products and services in the United States and Canada. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses. The company also provides professional services related to funerals and cremations, including the use of funeral home facilities and motor vehicles; arranging and directing services; and removal, preparation, embalming, cremation, memorialization, and travel protection, as well as catering services.
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