Price T Rowe Associates Inc. MD cut its holdings in Service Co. International (NYSE:SCI - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 302,224 shares of the company's stock after selling 9,277 shares during the period. Price T Rowe Associates Inc. MD owned about 0.21% of Service Co. International worth $24,125,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in shares of Service Co. International during the 4th quarter worth $25,000. Mizuho Bank Ltd. bought a new position in shares of Service Co. International in the fourth quarter worth $40,000. Resona Asset Management Co. Ltd. purchased a new position in shares of Service Co. International in the fourth quarter valued at $40,000. Vision Financial Markets LLC bought a new stake in shares of Service Co. International during the 4th quarter valued at $52,000. Finally, GeoWealth Management LLC purchased a new stake in Service Co. International during the 4th quarter worth about $53,000. 85.53% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research firms have weighed in on SCI. StockNews.com raised Service Co. International from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. UBS Group cut their price objective on Service Co. International from $90.00 to $88.00 and set a "buy" rating for the company in a report on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $89.25.
View Our Latest Stock Analysis on SCI
Insider Activity at Service Co. International
In related news, Director Tony Coelho sold 6,500 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $79.29, for a total value of $515,385.00. Following the sale, the director now owns 46,824 shares in the company, valued at $3,712,674.96. This represents a 12.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Thomas L. Ryan sold 50,000 shares of Service Co. International stock in a transaction on Monday, March 10th. The shares were sold at an average price of $84.56, for a total value of $4,228,000.00. Following the transaction, the chief executive officer now owns 982,333 shares of the company's stock, valued at $83,066,078.48. The trade was a 4.84 % decrease in their position. The disclosure for this sale can be found here. 4.40% of the stock is currently owned by corporate insiders.
Service Co. International Trading Down 0.6 %
Shares of SCI traded down $0.46 during mid-day trading on Wednesday, reaching $76.36. The company's stock had a trading volume of 142,399 shares, compared to its average volume of 1,050,613. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.83. Service Co. International has a 52 week low of $67.82 and a 52 week high of $89.37. The company's fifty day moving average price is $78.59 and its two-hundred day moving average price is $80.25. The stock has a market cap of $11.00 billion, a PE ratio of 21.55, a P/E/G ratio of 1.90 and a beta of 0.96.
Service Co. International (NYSE:SCI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.91 by $0.05. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. The company's quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 earnings per share. On average, analysts predict that Service Co. International will post 3.84 earnings per share for the current fiscal year.
Service Co. International Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.68%. Service Co. International's payout ratio is currently 35.16%.
Service Co. International Company Profile
(
Free Report)
Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.
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