Northern Trust Corp Has $131.73 Million Position in Service Co. International (NYSE:SCI)

Northern Trust Corp increased its holdings in Service Co. International (NYSE:SCI - Free Report) by 24.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,650,384 shares of the company's stock after acquiring an additional 328,686 shares during the quarter. Northern Trust Corp owned approximately 1.14% of Service Co. International worth $131,734,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Franklin Resources Inc. grew its stake in Service Co. International by 263.1% in the third quarter. Franklin Resources Inc. now owns 15,912 shares of the company's stock worth $1,206,000 after purchasing an additional 11,530 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new stake in shares of Service Co. International during the 4th quarter valued at approximately $340,000. Allspring Global Investments Holdings LLC raised its position in shares of Service Co. International by 1.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 185,277 shares of the company's stock valued at $14,348,000 after acquiring an additional 3,375 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Service Co. International by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 920,222 shares of the company's stock worth $73,452,000 after purchasing an additional 5,074 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in Service Co. International in the fourth quarter worth $3,229,000. Hedge funds and other institutional investors own 85.53% of the company's stock.

Service Co. International Stock Up 2.2 %

Shares of Service Co. International stock traded up $1.63 during midday trading on Tuesday, reaching $76.81. 1,602,304 shares of the company's stock traded hands, compared to its average volume of 1,054,039. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.48 and a current ratio of 0.52. Service Co. International has a 52 week low of $67.22 and a 52 week high of $89.37. The company's 50 day simple moving average is $78.59 and its 200 day simple moving average is $80.25. The company has a market cap of $11.07 billion, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96.

Service Co. International (NYSE:SCI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.91 by $0.05. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the business posted $0.89 EPS. The company's revenue for the quarter was up 2.8% on a year-over-year basis. Equities analysts expect that Service Co. International will post 3.84 earnings per share for the current fiscal year.

Service Co. International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.67%. Service Co. International's dividend payout ratio (DPR) is currently 35.16%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SCI shares. StockNews.com raised Service Co. International from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. UBS Group dropped their price objective on shares of Service Co. International from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Friday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $89.25.

Insider Activity

In other 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 directly owns 46,824 shares in the company, valued at approximately $3,712,674.96. This represents a 12.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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 directly owns 982,333 shares of the company's stock, valued at approximately $83,066,078.48. The trade was a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.40% of the company's stock.

Service Co. International Company Profile

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.