Envestnet Asset Management Inc. Sells 15,508 Shares of Service Co. International (NYSE:SCI)

Envestnet Asset Management Inc. reduced its stake in Service Co. International (NYSE:SCI - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 231,705 shares of the company's stock after selling 15,508 shares during the period. Envestnet Asset Management Inc. owned 0.16% of Service Co. International worth $18,495,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SCI. M&T Bank Corp raised its stake in Service Co. International by 1.1% during the 3rd quarter. M&T Bank Corp now owns 11,248 shares of the company's stock worth $888,000 after buying an additional 123 shares during the period. Cornerstone Investment Partners LLC lifted its holdings in shares of Service Co. International by 3.8% in the 4th quarter. Cornerstone Investment Partners LLC now owns 3,587 shares of the company's stock worth $286,000 after purchasing an additional 131 shares in the last quarter. CIBC Asset Management Inc grew its position in Service Co. International by 2.7% in the 4th quarter. CIBC Asset Management Inc now owns 5,167 shares of the company's stock valued at $412,000 after purchasing an additional 138 shares during the period. Steward Partners Investment Advisory LLC increased its stake in Service Co. International by 5.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,438 shares of the company's stock valued at $354,000 after purchasing an additional 212 shares in the last quarter. Finally, Stanley Laman Group Ltd. raised its holdings in Service Co. International by 0.5% during the fourth quarter. Stanley Laman Group Ltd. now owns 40,098 shares of the company's stock worth $3,201,000 after buying an additional 214 shares during the last quarter. Institutional investors and hedge funds own 85.53% of the company's stock.

Insider Buying and Selling

In other Service Co. International news, CEO Thomas L. Ryan sold 50,000 shares of the firm's stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 982,333 shares of the company's stock, valued at $83,066,078.48. This trade represents a 4.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Tony Coelho sold 6,500 shares of the stock in a transaction on 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 sale, 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 disclosure for this sale can be found here. 4.40% of the stock is currently owned by corporate insiders.

Service Co. International Stock Up 1.2 %

Shares of SCI stock traded up $0.90 on Friday, hitting $77.55. The stock had a trading volume of 875,110 shares, compared to its average volume of 1,029,643. Service Co. International has a 12-month low of $67.19 and a 12-month high of $89.37. The stock has a market cap of $11.17 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 1.90 and a beta of 0.81. The business has a 50 day moving average of $78.70 and a 200 day moving average of $79.97. 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 announced its earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share for the quarter, hitting analysts' consensus estimates 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 expect that Service Co. International will post 3.84 EPS for the current year.

Service Co. International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.28 annualized dividend and a yield of 1.65%. This is a positive change from Service Co. International's previous quarterly dividend of $0.31. Service Co. International's dividend payout ratio is presently 36.06%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Service Co. International from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Service Co. International presently has a consensus rating of "Moderate Buy" and an average price target of $88.50.

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.