Charles Schwab Investment Management Inc. Has $73.45 Million Stake in Service Co. International (NYSE:SCI)

Charles Schwab Investment Management Inc. increased its position in Service Co. International (NYSE:SCI - Free Report) by 0.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 920,222 shares of the company's stock after purchasing an additional 5,074 shares during the period. Charles Schwab Investment Management Inc. owned about 0.64% of Service Co. International worth $73,452,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCI. Swedbank AB boosted its stake in Service Co. International by 1.9% in 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 period. Farther Finance Advisors LLC lifted its position 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 buying an additional 249 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in Service Co. International by 5.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 10,693 shares of the company's stock worth $844,000 after buying an additional 561 shares in the last quarter. Aptus Capital Advisors LLC lifted its position in Service Co. International by 16.1% in the 3rd quarter. Aptus Capital Advisors LLC now owns 52,891 shares of the company's stock worth $4,175,000 after buying an additional 7,343 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in Service Co. International by 5.5% in the 3rd quarter. Victory Capital Management Inc. now owns 109,260 shares of the company's stock worth $8,624,000 after buying an additional 5,724 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SCI. StockNews.com downgraded shares of Service Co. International from a "hold" rating to a "sell" rating in a research report on Wednesday, February 26th. Oppenheimer increased their target price on shares of Service Co. International from $86.00 to $92.00 and gave the stock an "outperform" rating in a research 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 company's stock. According to MarketBeat.com, Service Co. International has an average rating of "Moderate Buy" and a consensus price target of $88.50.

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Insider Activity

In related news, Director Tony Coelho sold 6,500 shares of Service Co. International stock in a transaction 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 transaction, the director now owns 46,824 shares in the company, valued at $3,712,674.96. This trade represents a 12.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.10% of the stock is owned by insiders.

Service Co. International Stock Down 4.8 %

Service Co. International stock opened at $80.11 on Wednesday. The company has a market capitalization 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 firm's fifty day simple moving average is $78.52 and its 200-day simple moving average is $80.15. 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 1-year low of $67.19 and a 1-year high of $89.37.

Service Co. International (NYSE:SCI - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share 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%. Sell-side analysts forecast 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 declared 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

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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