Retirement Systems of Alabama trimmed its holdings in shares of Service Co. International (NYSE:SCI - Free Report) by 46.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 185,042 shares of the company's stock after selling 158,719 shares during the quarter. Retirement Systems of Alabama owned about 0.13% of Service Co. International worth $12,666,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of the business. Private Advisor Group LLC lifted its position in shares of Service Co. International by 2.1% in the 3rd quarter. Private Advisor Group LLC now owns 9,318 shares of the company's stock worth $532,000 after purchasing an additional 188 shares during the period. HBK Sorce Advisory LLC grew its stake in shares of Service Co. International by 2.0% in the 3rd quarter. HBK Sorce Advisory LLC now owns 11,821 shares of the company's stock worth $675,000 after acquiring an additional 230 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Service Co. International by 0.6% in the 3rd quarter. Arizona State Retirement System now owns 43,262 shares of the company's stock worth $2,472,000 after acquiring an additional 239 shares in the last quarter. Steph & Co. grew its stake in shares of Service Co. International by 14.6% in the 3rd quarter. Steph & Co. now owns 2,307 shares of the company's stock worth $132,000 after acquiring an additional 294 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of Service Co. International by 1.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 20,319 shares of the company's stock worth $1,161,000 after buying an additional 294 shares during the last quarter. 85.53% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on SCI. UBS Group upped their price objective on shares of Service Co. International from $72.00 to $79.00 and gave the stock a "buy" rating in a research report on Wednesday, February 14th. Oppenheimer increased their price objective on Service Co. International from $71.00 to $76.00 and gave the company an "outperform" rating in a research note on Friday, February 16th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $75.00.
Read Our Latest Report on Service Co. International
Service Co. International Trading Down 2.5 %
SCI stock traded down $1.80 on Thursday, reaching $69.60. The company's stock had a trading volume of 1,449,426 shares, compared to its average volume of 839,163. 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 $10.20 billion, a PE ratio of 19.66, a PEG ratio of 1.94 and a beta of 0.81. The business has a fifty day simple moving average of $72.36 and a two-hundred day simple moving average of $67.09. Service Co. International has a 12-month low of $52.89 and a 12-month high of $75.97.
Service Co. International (NYSE:SCI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.85 by $0.04. Service Co. International had a return on equity of 32.88% and a net margin of 13.11%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the firm posted $0.93 earnings per share. The company's revenue for the quarter was up 1.6% on a year-over-year basis. As a group, research analysts forecast that Service Co. International will post 3.65 EPS for the current year.
Service Co. International Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.72%. 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 dividend payout ratio (DPR) is presently 32.95%.
Insider Buying and Selling
In other Service Co. International news, CEO Thomas L. Ryan sold 75,000 shares of the business's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $73.53, for a total transaction of $5,514,750.00. Following the completion of the sale, the chief executive officer now directly owns 988,365 shares in the company, valued at approximately $72,674,478.45. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Thomas L. Ryan sold 16,580 shares of the business's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $72.20, for a total value of $1,197,076.00. Following 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 legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Thomas L. Ryan sold 75,000 shares of Service Co. International stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $73.53, for a total value of $5,514,750.00. Following the completion of the sale, the chief executive officer now directly owns 988,365 shares in the company, valued at approximately $72,674,478.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 202,675 shares of company stock worth $15,066,906. 5.10% of the stock is owned by corporate insiders.
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.
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