14,626 Shares in Service Co. International (NYSE:SCI) Bought by New York Life Investment Management LLC

New York Life Investment Management LLC purchased a new position in shares of Service Co. International (NYSE:SCI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 14,626 shares of the company's stock, valued at approximately $1,167,000.

A number of other large investors also recently bought and sold shares of SCI. Whipplewood Advisors LLC acquired a new stake in Service Co. International in the 4th quarter valued at $60,000. Farther Finance Advisors LLC boosted its holdings in Service Co. International by 36.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 926 shares of the company's stock worth $73,000 after acquiring an additional 249 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Service Co. International during the third quarter valued at approximately $80,000. Quest Partners LLC lifted its position in shares of Service Co. International by 110,300.0% during the third quarter. Quest Partners LLC now owns 1,104 shares of the company's stock worth $87,000 after purchasing an additional 1,103 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Service Co. International by 20.1% in the fourth quarter. Blue Trust Inc. now owns 1,397 shares of the company's stock valued at $110,000 after purchasing an additional 234 shares during the period. Hedge funds and other institutional investors own 85.53% of the company's stock.

Service Co. International Stock Up 1.3 %

Shares of Service Co. International stock traded up $1.06 during trading on Friday, hitting $80.94. 1,132,155 shares of the stock traded hands, compared to its average volume of 1,228,196. The stock has a market cap of $11.67 billion, a P/E ratio of 22.80, a PEG ratio of 1.90 and a beta of 0.90. Service Co. International has a twelve month low of $67.19 and a twelve month high of $89.37. The company has a fifty day moving average price of $78.42 and a two-hundred day moving average price of $79.98. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.48 and a current ratio of 0.52.

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Service Co. International (NYSE:SCI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. Equities research analysts predict that Service Co. International will post 3.84 EPS for the current fiscal year.

Service Co. International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Service Co. International's previous quarterly dividend of $0.31. Service Co. International's dividend payout ratio (DPR) is 36.06%.

Insider Activity

In other news, Director Tony Coelho sold 6,500 shares of Service Co. International stock in a transaction that occurred on Wednesday, March 5th. The shares were 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 $3,712,674.96. This trade represents a 12.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SCI. StockNews.com cut shares of Service Co. International from a "hold" rating to a "sell" rating in a research report on Wednesday, February 26th. Oppenheimer raised their target price on shares of Service Co. International from $86.00 to $92.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Service Co. International presently has an average rating of "Moderate Buy" and an average price target of $88.50.

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.