Atlas Capital Advisors Inc. Invests $340,000 in Service Co. International (NYSE:SCI)

Atlas Capital Advisors Inc. acquired a new stake in shares of Service Co. International (NYSE:SCI - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 4,256 shares of the company's stock, valued at approximately $340,000.

Several other large investors have also made changes to their positions in the business. Arete Wealth Advisors LLC bought a new position in shares of Service Co. International in the 4th quarter valued at about $250,000. Groupama Asset Managment grew its stake in Service Co. International by 0.5% in the 4th quarter. Groupama Asset Managment now owns 115,659 shares of the company's stock worth $9,232,000 after acquiring an additional 571 shares in the last quarter. Geode Capital Management LLC increased its holdings in Service Co. International by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 3,239,331 shares of the company's stock worth $258,624,000 after purchasing an additional 27,429 shares during the period. Summit Financial LLC bought a new stake in shares of Service Co. International in the fourth quarter valued at about $292,000. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of Service Co. International by 5.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 31,719 shares of the company's stock valued at $2,532,000 after purchasing an additional 1,617 shares in the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, 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 value of $4,228,000.00. Following the sale, the chief executive officer now directly owns 982,333 shares in the company, valued at $83,066,078.48. The trade was a 4.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Tony Coelho sold 6,500 shares of Service Co. International stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $79.29, for a total value of $515,385.00. Following the completion of the transaction, the director now directly owns 46,824 shares in the company, valued at $3,712,674.96. This represents a 12.19 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company's stock.

Remove Ads

Service Co. International Stock Performance

NYSE:SCI traded down $1.04 during mid-day trading on Thursday, reaching $74.03. The stock had a trading volume of 571,113 shares, compared to its average volume of 1,014,159. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.48 and a current ratio of 0.52. The business has a 50 day simple moving average of $78.65 and a 200 day simple moving average of $80.04. The firm has a market capitalization of $10.67 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 1.90 and a beta of 0.81. Service Co. International has a twelve month low of $67.19 and a twelve month high of $89.37.

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

Service Co. International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.73%. This is a boost from Service Co. International's previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Friday, March 14th. Service Co. International's dividend payout ratio is 36.06%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SCI shares. Oppenheimer upped their target price on Service Co. International from $86.00 to $92.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. StockNews.com raised Service Co. International from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $88.50.

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.