B&I Capital AG acquired a new position in shares of Service Co. International (NYSE:SCI - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,670 shares of the company's stock, valued at approximately $1,331,000. Service Co. International makes up approximately 0.4% of B&I Capital AG's portfolio, making the stock its 27th biggest holding.
A number of other hedge funds and other institutional investors also recently made changes to their positions in SCI. FMR LLC increased its position in shares of Service Co. International by 300.6% during the 3rd quarter. FMR LLC now owns 4,055,823 shares of the company's stock worth $320,126,000 after purchasing an additional 3,043,354 shares in the last quarter. Proficio Capital Partners LLC grew its stake in Service Co. International by 8,471.3% during the fourth quarter. Proficio Capital Partners LLC now owns 297,253 shares of the company's stock worth $23,727,000 after buying an additional 293,785 shares during the last quarter. Verition Fund Management LLC increased its holdings in shares of Service Co. International by 2,527.9% during the third quarter. Verition Fund Management LLC now owns 293,329 shares of the company's stock worth $23,152,000 after buying an additional 282,167 shares in the last quarter. Premier Fund Managers Ltd raised its stake in shares of Service Co. International by 23.9% in the third quarter. Premier Fund Managers Ltd now owns 1,093,723 shares of the company's stock valued at $85,721,000 after acquiring an additional 210,802 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Service Co. International by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,211,902 shares of the company's stock worth $253,567,000 after acquiring an additional 156,086 shares in the last quarter. 85.53% of the stock is owned by institutional investors.
Service Co. International Trading Up 0.9 %
Service Co. International stock traded up $0.73 during mid-day trading on Thursday, hitting $79.90. The stock had a trading volume of 909,387 shares, compared to its average volume of 1,230,437. The stock has a 50-day simple moving average of $78.44 and a two-hundred day simple moving average of $79.98. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.83. The stock has a market capitalization of $11.52 billion, a PE ratio of 22.51, a P/E/G ratio of 1.90 and a beta of 0.90. Service Co. International has a 12 month low of $67.19 and a 12 month high of $89.37.
Service Co. International (NYSE:SCI - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share (EPS) 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%. As a group, sell-side analysts forecast that Service Co. International will post 3.84 EPS for the current year.
Service Co. International Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.32 per share. This is a boost from Service Co. International's previous quarterly dividend of $0.31. The ex-dividend date is Friday, March 14th. This represents a $1.28 annualized dividend and a dividend yield of 1.60%. Service Co. International's payout ratio is presently 36.06%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the company. Oppenheimer raised their target price on Service Co. International from $86.00 to $92.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. StockNews.com downgraded shares of Service Co. International from a "hold" rating to a "sell" rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $88.50.
Check Out Our Latest Stock Analysis on Service Co. International
About Service Co. International
(
Free Report)
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.
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