Callan Family Office LLC lifted its stake in Service Co. International (NYSE:SCI - Free Report) by 482.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,482 shares of the company's stock after acquiring an additional 12,822 shares during the quarter. Callan Family Office LLC's holdings in Service Co. International were worth $1,236,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of SCI. Swedbank AB increased its position in shares of Service Co. International by 1.9% during the 3rd quarter. Swedbank AB now owns 2,900,020 shares of the company's stock worth $228,899,000 after purchasing an additional 55,000 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Service Co. International by 36.8% in the third quarter. Farther Finance Advisors LLC now owns 926 shares of the company's stock valued at $73,000 after buying an additional 249 shares in the last quarter. QRG Capital Management Inc. increased its holdings in Service Co. International by 4.2% during the third quarter. QRG Capital Management Inc. now owns 5,396 shares of the company's stock worth $426,000 after buying an additional 217 shares during the last quarter. Blake Schutter Theil Wealth Advisors LLC bought a new stake in Service Co. International during the third quarter worth $217,000. Finally, Capital Performance Advisors LLP acquired a new stake in Service Co. International in the third quarter valued at $80,000. Institutional investors and hedge funds own 85.53% of the company's stock.
Analyst Ratings Changes
Several research firms have recently weighed in on SCI. Oppenheimer boosted their price objective on shares of Service Co. International from $86.00 to $92.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. StockNews.com lowered Service Co. International from a "hold" rating to a "sell" rating in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.50.
Get Our Latest Report on Service Co. International
Insider Transactions at Service Co. International
In other news, Director Tony Coelho sold 6,500 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $79.29, for a total transaction of $515,385.00. Following the transaction, the director now directly owns 46,824 shares of the company's stock, valued at approximately $3,712,674.96. This trade represents a 12.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.10% of the company's stock.
Service Co. International Stock Performance
SCI traded down $4.05 on Tuesday, reaching $80.11. The company had a trading volume of 1,679,066 shares, compared to its average volume of 1,268,010. The stock has a market cap of $11.55 billion, a P/E ratio of 22.57, a P/E/G ratio of 1.90 and a beta of 0.90. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.48 and a current ratio of 0.52. Service Co. International has a fifty-two week low of $67.19 and a fifty-two week high of $89.37. The company's fifty day moving average is $78.51 and its 200 day moving average is $80.14.
Service Co. International (NYSE:SCI - Get Free Report) last posted its 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%. As a group, analysts predict that Service Co. International will post 3.84 earnings per share for the current fiscal year.
Service Co. International Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.60%. This is an increase from Service Co. International's previous quarterly dividend of $0.31. Service Co. International's dividend payout ratio (DPR) is currently 36.06%.
Service Co. International Company Profile
(
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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