Jennison Associates LLC reduced its stake in shares of Service Co. International (NYSE:SCI - Free Report) by 14.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,334 shares of the company's stock after selling 11,478 shares during the period. Jennison Associates LLC's holdings in Service Co. International were worth $4,609,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the stock. Private Advisor Group LLC raised its holdings in Service Co. International by 2.1% during the third quarter. Private Advisor Group LLC now owns 9,318 shares of the company's stock valued at $532,000 after buying an additional 188 shares in the last quarter. HBK Sorce Advisory LLC grew its position in shares of Service Co. International by 2.0% in the third quarter. HBK Sorce Advisory LLC now owns 11,821 shares of the company's stock valued at $675,000 after purchasing an additional 230 shares during the last quarter. Arizona State Retirement System grew its position in shares of Service Co. International by 0.6% in the third quarter. Arizona State Retirement System now owns 43,262 shares of the company's stock valued at $2,472,000 after purchasing an additional 239 shares during the last quarter. Steph & Co. grew its position in shares of Service Co. International by 14.6% in the third quarter. Steph & Co. now owns 2,307 shares of the company's stock valued at $132,000 after purchasing an additional 294 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its position in shares of Service Co. International by 1.5% in the third quarter. Oppenheimer & Co. Inc. now owns 20,319 shares of the company's stock valued at $1,161,000 after purchasing an additional 294 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors.
Service Co. International Price Performance
NYSE SCI traded up $0.90 during trading on Friday, reaching $71.74. 616,044 shares of the company traded hands, compared to its average volume of 664,965. 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 stock's 50 day moving average price is $72.33 and its two-hundred day moving average price is $66.63. The company has a market cap of $10.51 billion, a price-to-earnings ratio of 20.38, a P/E/G ratio of 1.93 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.
Service Co. International (NYSE:SCI - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.91 by $0.02. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. Service Co. International had a return on equity of 32.88% and a net margin of 13.11%. The company's quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.92 earnings per share. As a group, analysts anticipate that Service Co. International will post 3.62 EPS for the current year.
Service Co. International Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.67%. This is an increase from Service Co. International's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Thursday, March 14th. Service Co. International's payout ratio is presently 32.95%.
Insider Buying and Selling at Service Co. International
In other news, CEO Thomas L. Ryan sold 75,000 shares of Service Co. International stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $73.53, for a total value of $5,514,750.00. Following the completion of the transaction, the chief executive officer now owns 988,365 shares in the company, valued at $72,674,478.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Steven A. Tidwell sold 45,995 shares of Service Co. International stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $75.43, for a total value of $3,469,402.85. Following the completion of the transaction, the vice president now owns 54,354 shares in the company, valued at $4,099,922.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas L. Ryan sold 75,000 shares of Service Co. International stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $73.53, for a total transaction of $5,514,750.00. Following the completion of the transaction, the chief executive officer now owns 988,365 shares of the company's stock, valued at approximately $72,674,478.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 202,675 shares of company stock valued at $15,066,906. 5.10% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several brokerages have recently issued reports on SCI. UBS Group raised their price target on 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 lifted their target price on 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 investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $75.00.
View Our Latest Stock 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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