FMR LLC increased its position in Service Co. International (NYSE:SCI - Free Report) by 70.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,901,982 shares of the company's stock after purchasing an additional 2,846,159 shares during the quarter. FMR LLC owned approximately 4.77% of Service Co. International worth $550,916,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC acquired a new position in Service Co. International in the third quarter valued at approximately $251,000. National Bank of Canada FI lifted its stake in shares of Service Co. International by 2.5% in the 3rd quarter. National Bank of Canada FI now owns 35,065 shares of the company's stock valued at $2,768,000 after purchasing an additional 845 shares during the period. Barclays PLC boosted its position 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 worth $9,738,000 after purchasing an additional 59,956 shares during the last quarter. M&T Bank Corp grew its stake in shares of Service Co. International by 1.1% during the third quarter. M&T Bank Corp now owns 11,248 shares of the company's stock worth $888,000 after purchasing an additional 123 shares during the period. Finally, Geode Capital Management LLC increased its holdings in 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. 85.53% of the stock is owned by institutional investors.
Insider Transactions at Service Co. International
In related news, Director Tony Coelho sold 6,500 shares of the company's 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 completion of the transaction, the director now directly owns 46,824 shares of the company's stock, valued at approximately $3,712,674.96. This represents a 12.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas L. Ryan sold 50,000 shares of Service Co. International stock in a transaction dated 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 sale, 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 disclosure for this sale can be found here. 5.10% of the stock is owned by insiders.
Service Co. International Trading Up 1.3 %
Shares of SCI traded up $1.02 during trading hours on Monday, reaching $79.16. The stock had a trading volume of 272,118 shares, compared to its average volume of 1,021,229. The firm has a 50-day moving average of $78.61 and a 200 day moving average of $80.01. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.83. The company has a market cap of $11.41 billion, a P/E ratio of 22.30, a P/E/G ratio of 1.90 and a beta of 0.81. Service Co. International has a 52 week low of $67.19 and a 52 week 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 EPS 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%. On average, sell-side analysts expect that Service Co. International will post 3.84 earnings per share for the current fiscal year.
Service Co. International Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.32 dividend. This represents a $1.28 annualized dividend 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 is 36.06%.
Analyst Ratings Changes
Separately, StockNews.com upgraded Service Co. International from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $88.50.
Read Our Latest Analysis on SCI
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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