Silvercrest Asset Management Group LLC Grows Holdings in Service Co. International (NYSE:SCI)

Silvercrest Asset Management Group LLC boosted its holdings in Service Co. International (NYSE:SCI - Free Report) by 250.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 373,398 shares of the company's stock after acquiring an additional 266,712 shares during the quarter. Silvercrest Asset Management Group LLC owned 0.26% of Service Co. International worth $29,805,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Barclays PLC lifted its stake in shares of Service Co. International by 94.5% in the 3rd quarter. Barclays PLC now owns 123,375 shares of the company's stock worth $9,738,000 after purchasing an additional 59,956 shares during the period. Franklin Resources Inc. increased its position in Service Co. International by 263.1% during the third quarter. Franklin Resources Inc. now owns 15,912 shares of the company's stock valued at $1,206,000 after acquiring an additional 11,530 shares during the last quarter. Oak Thistle LLC bought a new position in Service Co. International in the 4th quarter valued at $307,000. Assenagon Asset Management S.A. bought a new stake in shares of Service Co. International during the fourth quarter valued at approximately $3,229,000. Finally, Ritholtz Wealth Management increased its stake in shares of Service Co. International by 5.8% during the fourth quarter. Ritholtz Wealth Management now owns 9,277 shares of the company's stock valued at $740,000 after buying an additional 506 shares during the period. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. UBS Group cut their target price on Service Co. International from $90.00 to $88.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. StockNews.com raised Service Co. International from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Service Co. International presently has a consensus rating of "Moderate Buy" and a consensus price target of $89.25.

Insider Transactions at Service Co. International

In other Service Co. International news, Director Tony Coelho sold 5,400 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $75.94, for a total transaction of $410,076.00. Following the completion of the transaction, the director now owns 43,938 shares of the company's stock, valued at $3,336,651.72. This trade represents a 10.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Thomas L. Ryan sold 50,000 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $84.56, for a total transaction of $4,228,000.00. Following the completion of the sale, the chief executive officer now directly owns 982,333 shares in the company, valued at $83,066,078.48. This trade represents a 4.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 61,900 shares of company stock valued at $5,153,461 in the last three months. 4.40% of the stock is currently owned by company insiders.

Service Co. International Price Performance

Shares of SCI stock traded down $0.52 during trading hours on Tuesday, hitting $77.63. 842,693 shares of the company's stock were exchanged, compared to its average volume of 1,063,357. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.83. The firm has a market cap of $11.05 billion, a P/E ratio of 21.87, a P/E/G ratio of 1.90 and a beta of 0.96. The firm has a 50 day moving average of $77.81 and a two-hundred day moving average of $80.19. Service Co. International has a fifty-two week low of $68.51 and a fifty-two week high of $89.37.

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

Service Co. International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Friday, June 13th. Service Co. International's payout ratio is 35.16%.

Service Co. International 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.