Vaughan David Investments LLC IL lifted its holdings in shares of Service Co. International (NYSE:SCI - Free Report) by 5.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 504,742 shares of the company's stock after acquiring an additional 24,925 shares during the quarter. Vaughan David Investments LLC IL owned about 0.34% of Service Co. International worth $34,550,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP increased 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 buying an additional 364 shares during the period. Larson Financial Group LLC purchased a new stake in Service Co. International during the 3rd quarter worth $36,000. Massmutual Trust Co. FSB ADV increased its stake in Service Co. International by 204.1% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 599 shares of the company's stock worth $41,000 after buying an additional 402 shares during the period. Ancora Advisors LLC purchased a new stake in Service Co. International during the 1st quarter worth $44,000. Finally, M&R Capital Management Inc. increased its stake in Service Co. International by 125.5% during the 4th quarter. M&R Capital Management Inc. now owns 902 shares of the company's stock worth $62,000 after buying an additional 502 shares during the period. Institutional investors and hedge funds own 85.53% of the company's stock.
Service Co. International Stock Performance
Shares of NYSE SCI traded down $0.71 during midday trading on Friday, hitting $69.81. The company's stock had a trading volume of 864,531 shares, compared to its average volume of 836,374. Service Co. International has a 1-year low of $52.89 and a 1-year high of $75.97. The firm's fifty day moving average price is $72.01 and its 200-day moving average price is $65.66. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.62 and a current ratio of 0.67. The firm has a market cap of $10.23 billion, a P/E ratio of 19.83, a P/E/G ratio of 1.92 and a beta of 0.81.
Service Co. International (NYSE:SCI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.91 by $0.02. Service Co. International had a net margin of 13.11% and a return on equity of 32.88%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the business posted $0.92 EPS. The company's quarterly revenue was up 2.7% on a year-over-year basis. On average, sell-side analysts forecast that Service Co. International will post 3.62 EPS for the current fiscal year.
Service Co. International Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $0.30 dividend. The ex-dividend date of this dividend 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 annualized dividend and a dividend yield of 1.72%. Service Co. International's payout ratio is 32.95%.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the stock. UBS Group lifted their price target on shares of Service Co. International from $72.00 to $79.00 and gave the stock a "buy" rating in a research note on Wednesday, February 14th. Oppenheimer boosted their target price on shares of Service Co. International from $71.00 to $76.00 and gave the stock an "outperform" rating in a research report on Friday, February 16th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Service Co. International currently has a consensus rating of "Moderate Buy" and a consensus target price of $75.00.
View Our Latest Research Report on SCI
Insider Activity
In other news, Director Tony Coelho sold 8,950 shares of Service Co. International stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $75.39, for a total value of $674,740.50. Following the completion of the transaction, the director now directly owns 60,887 shares of the company's stock, valued at approximately $4,590,270.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Service Co. International news, CEO Thomas L. Ryan sold 16,580 shares of the business's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $72.20, for a total transaction of $1,197,076.00. Following the completion of the transaction, the chief executive officer now directly owns 988,365 shares of the company's stock, valued at approximately $71,359,953. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tony Coelho sold 8,950 shares of the business's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $75.39, for a total transaction of $674,740.50. Following the transaction, the director now directly owns 60,887 shares of the company's stock, valued at $4,590,270.93. The disclosure for this sale can be found here. In the last three months, insiders sold 202,675 shares of company stock valued at $15,066,906. Company insiders own 5.10% of the company's stock.
Service Co. International 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.
Read More
Want to see what other hedge funds are holding SCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Service Co. International (NYSE:SCI - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Service Co. International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Service Co. International wasn't on the list.
While Service Co. International currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
