Service Co. International (NYSE:SCI) Shares Sold by XTX Topco Ltd

XTX Topco Ltd lessened its stake in shares of Service Co. International (NYSE:SCI - Free Report) by 31.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,317 shares of the company's stock after selling 3,424 shares during the quarter. XTX Topco Ltd's holdings in Service Co. International were worth $584,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SCI. FMR LLC boosted its position in shares of Service Co. International by 70.2% during the 4th quarter. FMR LLC now owns 6,901,982 shares of the company's stock worth $550,916,000 after purchasing an additional 2,846,159 shares during the period. Norges Bank acquired a new position in Service Co. International during the fourth quarter worth $96,498,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Service Co. International by 237.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 911,294 shares of the company's stock worth $72,739,000 after buying an additional 641,552 shares during the period. Proficio Capital Partners LLC grew its stake in shares of Service Co. International by 8,471.3% in the fourth quarter. Proficio Capital Partners LLC now owns 297,253 shares of the company's stock valued at $23,727,000 after buying an additional 293,785 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Service Co. International by 231.1% in the 4th quarter. Russell Investments Group Ltd. now owns 385,472 shares of the company's stock valued at $30,768,000 after buying an additional 269,043 shares during the period. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded 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 given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.50.

Service Co. International Stock Down 1.0 %

SCI traded down $0.80 on Friday, hitting $78.15. 355,366 shares of the company were exchanged, compared to its average volume of 1,033,158. The firm has a 50-day moving average price of $78.78 and a two-hundred day moving average price of $80.04. 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 twelve month low of $67.19 and a twelve month high of $89.37. The company has a market cap of $11.26 billion, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 1.90 and a beta of 0.81.

Service Co. International (NYSE:SCI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.06 EPS for the quarter, meeting analysts' consensus estimates of $1.06. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. On average, equities analysts predict that Service Co. International will post 3.84 earnings per share for the current year.

Service Co. International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.32 per share. This is a positive change from Service Co. International's previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.28 annualized dividend and a yield of 1.64%. Service Co. International's payout ratio is 36.06%.

Insider Buying and Selling at Service Co. International

In other Service Co. International news, CEO Thomas L. Ryan sold 50,000 shares of Service Co. International stock in a transaction that occurred on Monday, March 10th. The stock was 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 in the company, valued at approximately $83,066,078.48. This trade represents a 4.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 of the company's stock, valued at $3,712,674.96. This trade represents a 12.19 % decrease in their position. The disclosure for this sale can be found here. 4.40% of the stock is owned by company insiders.

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.