FIL Ltd cut its position in shares of Service Co. International (NYSE:SCI - Free Report) by 16.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,823,070 shares of the company's stock after selling 371,969 shares during the period. FIL Ltd owned 1.26% of Service Co. International worth $145,517,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of SCI. EP Wealth Advisors LLC bought a new stake in Service Co. International in the 3rd quarter valued at $251,000. National Bank of Canada FI grew its stake in shares of Service Co. International by 2.5% during the third quarter. National Bank of Canada FI now owns 35,065 shares of the company's stock worth $2,768,000 after purchasing an additional 845 shares during the period. Barclays PLC increased its stake in shares of Service Co. International by 94.5% in the 3rd quarter. Barclays PLC now owns 123,375 shares of the company's stock valued at $9,738,000 after acquiring an additional 59,956 shares during the last quarter. M&T Bank Corp boosted 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 acquiring an additional 123 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Service Co. International by 5.1% during 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 period. 85.53% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Separately, StockNews.com upgraded 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 assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $88.50.
Read Our Latest Research Report on SCI
Service Co. International Stock Up 0.9 %
Shares of NYSE SCI traded up $0.67 during midday trading on Monday, reaching $78.81. The company's stock had a trading volume of 326,636 shares, compared to its average volume of 1,021,450. Service Co. International has a fifty-two week low of $67.19 and a fifty-two week high of $89.37. The stock has a 50 day simple moving average of $78.61 and a 200-day simple moving average of $80.01. The stock has a market capitalization of $11.36 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 1.90 and a beta of 0.81. 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 (NYSE:SCI - Get Free Report) last issued 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 net margin of 12.39% and a return on equity of 32.18%. Equities research analysts predict that Service Co. International will post 3.84 earnings per share for the current year.
Service Co. International Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date was Friday, March 14th. This is a boost from Service Co. International's previous quarterly dividend of $0.31. Service Co. International's dividend payout ratio (DPR) is currently 36.06%.
Insider Transactions at Service Co. International
In related news, CEO Thomas L. Ryan sold 50,000 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $84.56, for a total transaction of $4,228,000.00. Following the completion of the transaction, the chief executive officer now directly owns 982,333 shares in the company, valued at $83,066,078.48. This represents a 4.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tony Coelho sold 6,500 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $79.29, for a total transaction of $515,385.00. Following the transaction, the director now owns 46,824 shares of the company's stock, valued at $3,712,674.96. This trade represents a 12.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company's stock.
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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