Corient Private Wealth LLC Has $25.32 Million Position in Service Co. International (NYSE:SCI)

Corient Private Wealth LLC lessened its holdings in shares of Service Co. International (NYSE:SCI - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 317,180 shares of the company's stock after selling 3,186 shares during the quarter. Corient Private Wealth LLC owned approximately 0.22% of Service Co. International worth $25,317,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC increased its holdings 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 acquiring an additional 3,043,354 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Service Co. International by 5.1% in the third quarter. Geode Capital Management LLC now owns 3,211,902 shares of the company's stock valued at $253,567,000 after purchasing an additional 156,086 shares during the last quarter. Swedbank AB increased its holdings in shares of Service Co. International by 1.7% in the fourth quarter. Swedbank AB now owns 2,950,020 shares of the company's stock valued at $235,471,000 after purchasing an additional 50,000 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Service Co. International by 8.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,459,377 shares of the company's stock valued at $116,487,000 after purchasing an additional 118,832 shares during the period. Finally, Premier Fund Managers Ltd lifted its stake in shares of Service Co. International by 23.9% during the 3rd quarter. Premier Fund Managers Ltd now owns 1,093,723 shares of the company's stock worth $85,721,000 after buying an additional 210,802 shares during the last quarter. Institutional investors own 85.53% of the company's stock.

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Insider Activity at Service Co. International

In other Service Co. International news, CEO Thomas L. Ryan sold 50,000 shares of Service Co. International stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $84.56, for a total value of $4,228,000.00. Following the transaction, the chief executive officer now owns 982,333 shares in the company, valued at $83,066,078.48. The trade was a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Tony Coelho sold 6,500 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $79.29, for a total transaction of $515,385.00. Following the completion of the transaction, the director now directly owns 46,824 shares of the company's stock, valued at $3,712,674.96. This trade represents a 12.19 % decrease in their position. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. StockNews.com raised shares of Service Co. International from a "sell" rating to a "hold" rating in a report on Tuesday. Oppenheimer increased their target price on Service Co. International from $86.00 to $92.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $88.50.

Service Co. International Stock Performance

Service Co. International stock traded down $0.66 during midday trading on Friday, hitting $78.12. The company's stock had a trading volume of 1,164,250 shares, compared to its average volume of 954,405. The company has a 50-day moving average price of $78.63 and a two-hundred day moving average price of $80.16. Service Co. International has a 1-year low of $67.19 and a 1-year high of $89.37. The company has a market cap of $11.27 billion, a price-to-earnings ratio of 22.01, a PEG ratio of 1.90 and a beta of 0.90. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.52 and a quick ratio of 0.48.

Service Co. International (NYSE:SCI - Get Free Report) last issued its quarterly 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 return on equity of 32.18% and a net margin of 12.39%. As a group, sell-side analysts predict that Service Co. International will post 3.84 earnings per share for the current year.

Service Co. International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.32 dividend. This is a positive change from Service Co. International's previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Friday, March 14th. Service Co. International's dividend payout ratio (DPR) is currently 36.06%.

About Service Co. International

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.