Swiss National Bank lessened its stake in Service Co. International (NYSE:SCI - Free Report) by 11.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 297,400 shares of the company's stock after selling 36,600 shares during the quarter. Swiss National Bank owned about 0.20% of Service Co. International worth $20,357,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of SCI. Commonwealth Equity Services LLC boosted its holdings in Service Co. International by 17.6% in the third quarter. Commonwealth Equity Services LLC now owns 27,843 shares of the company's stock valued at $1,591,000 after acquiring an additional 4,159 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Service Co. International by 6.1% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 10,820 shares of the company's stock worth $618,000 after buying an additional 620 shares during the last quarter. Raymond James & Associates grew its holdings in Service Co. International by 1.8% during the 3rd quarter. Raymond James & Associates now owns 57,727 shares of the company's stock worth $3,298,000 after acquiring an additional 1,016 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Service Co. International by 21.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,147 shares of the company's stock worth $1,723,000 after purchasing an additional 5,267 shares during the last quarter. Finally, Strs Ohio increased its holdings in Service Co. International by 13.2% in the third quarter. Strs Ohio now owns 23,321 shares of the company's stock valued at $1,332,000 after purchasing an additional 2,722 shares during the last quarter. 85.53% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other news, Director Victor L. Lund sold 1,011 shares of the company's stock in a transaction on Friday, April 12th. The stock was sold at an average price of $70.00, for a total transaction of $70,770.00. Following the completion of the sale, the director now directly owns 7,606 shares in the company, valued at approximately $532,420. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director W Blair Waltrip sold 6,150 shares of Service Co. International stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $74.38, for a total value of $457,437.00. Following the transaction, the director now owns 597,948 shares in the company, valued at approximately $44,475,372.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Victor L. Lund sold 1,011 shares of the company's stock in a transaction on Friday, April 12th. The stock was sold at an average price of $70.00, for a total value of $70,770.00. Following the sale, the director now owns 7,606 shares of the company's stock, valued at $532,420. The disclosure for this sale can be found here. Insiders have sold a total of 211,292 shares of company stock worth $15,670,096 in the last quarter. Corporate insiders own 4.60% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on SCI shares. Oppenheimer lifted their price target 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. UBS Group boosted their target price on Service Co. International from $72.00 to $79.00 and gave the company a "buy" rating in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Service Co. International presently has an average rating of "Moderate Buy" and an average target price of $75.00.
Read Our Latest Stock Analysis on SCI
Service Co. International Stock Performance
Shares of SCI traded down $1.39 during mid-day trading on Friday, reaching $69.44. The company's stock had a trading volume of 811,740 shares, compared to its average volume of 859,512. The company has a current ratio of 0.62, a quick ratio of 0.57 and a debt-to-equity ratio of 2.90. The stock has a market cap of $10.11 billion, a P/E ratio of 19.95, a PEG ratio of 1.84 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 business has a 50-day simple moving average of $71.89 and a two-hundred day simple moving average of $67.68.
Service Co. International (NYSE:SCI - Get Free Report) last announced its earnings results on Wednesday, May 1st. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.85 by $0.04. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.02 billion. Service Co. International had a net margin of 12.73% and a return on equity of 32.23%. Service Co. International's revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.93 EPS. As a group, equities research analysts anticipate that Service Co. International will post 3.66 earnings per share for the current fiscal year.
Service Co. International Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Friday, June 14th. Service Co. International's dividend payout ratio is currently 33.33%.
Service Co. International Company Profile
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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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