Fox Run Management L.L.C. acquired a new stake in shares of Service Co. International (NYSE:SCI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,220 shares of the company's stock, valued at approximately $257,000.
A number of other hedge funds also recently added to or reduced their stakes in SCI. SBI Securities Co. Ltd. purchased a new stake in shares of Service Co. International during the fourth quarter worth approximately $25,000. Vision Financial Markets LLC acquired a new position in Service Co. International in the 4th quarter valued at $52,000. Whipplewood Advisors LLC acquired a new position in Service Co. International in the 4th quarter valued at $60,000. Quest Partners LLC raised its position in Service Co. International by 110,300.0% during the 3rd quarter. Quest Partners LLC now owns 1,104 shares of the company's stock worth $87,000 after buying an additional 1,103 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Service Co. International by 20.1% in the 4th quarter. Blue Trust Inc. now owns 1,397 shares of the company's stock worth $110,000 after acquiring an additional 234 shares during the period. 85.53% of the stock is owned by institutional investors and hedge funds.
Service Co. International Price Performance
Shares of SCI traded up $0.18 during trading hours on Monday, reaching $79.97. The company had a trading volume of 553,319 shares, compared to its average volume of 982,792. 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 12-month low of $67.19 and a 12-month high of $89.37. The firm has a 50 day simple moving average of $78.91 and a 200-day simple moving average of $80.22. The company has a market capitalization of $11.53 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 1.90 and a beta of 0.90.
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 (EPS) 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%. Research analysts expect 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 given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.60%. This is an increase from Service Co. International's previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Friday, March 14th. Service Co. International's payout ratio is presently 36.06%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the stock. StockNews.com lowered shares of Service Co. International from a "hold" rating to a "sell" rating in a research note on Wednesday, March 26th. Oppenheimer boosted their target price on 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 investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $88.50.
Check Out Our Latest Analysis on SCI
Insider Buying and Selling at Service Co. International
In related news, Director Tony Coelho sold 6,500 shares of the company's stock in a transaction that occurred 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 sale, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas L. Ryan sold 50,000 shares of the firm's stock in a transaction on 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 directly owns 982,333 shares of the company's stock, valued at $83,066,078.48. The trade was a 4.84 % decrease in their position. The disclosure for this sale can be found here. 5.10% of the stock is owned by corporate insiders.
Service Co. International Profile
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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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