Service Co. International (NYSE:SCI) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in shares of Service Co. International (NYSE:SCI - Free Report) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,239,331 shares of the company's stock after purchasing an additional 27,429 shares during the period. Geode Capital Management LLC owned about 2.24% of Service Co. International worth $258,624,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. EP Wealth Advisors LLC purchased a new stake in Service Co. International in the third quarter valued at approximately $251,000. National Bank of Canada FI raised its position in 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 last quarter. iSAM Funds UK Ltd boosted its stake in Service Co. International by 17.3% during the 3rd quarter. iSAM Funds UK Ltd now owns 8,623 shares of the company's stock worth $681,000 after purchasing an additional 1,272 shares during the period. Barclays PLC grew its position in Service Co. International by 94.5% during 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. Finally, M&T Bank Corp increased its stake in Service Co. International by 1.1% in the third quarter. M&T Bank Corp now owns 11,248 shares of the company's stock valued at $888,000 after purchasing an additional 123 shares during the period. 85.53% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of analysts have weighed in on SCI shares. Oppenheimer increased their price objective 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. StockNews.com raised 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 given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $88.50.

Insider Activity at Service Co. International

In other Service Co. International news, Director Tony Coelho sold 6,500 shares of Service Co. International stock in a transaction that occurred 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 sale, the director now directly owns 46,824 shares of the company's stock, valued at approximately $3,712,674.96. The trade was a 12.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas L. Ryan sold 50,000 shares of the 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 in the company, valued at approximately $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 corporate insiders.

Service Co. International Price Performance

SCI traded down $1.73 on Thursday, hitting $73.34. 342,872 shares of the company were exchanged, compared to its average volume of 1,013,049. Service Co. International has a fifty-two week low of $67.19 and a fifty-two week high of $89.37. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.48 and a current ratio of 0.52. The firm has a market capitalization of $10.57 billion, a P/E ratio of 20.70, a price-to-earnings-growth ratio of 1.90 and a beta of 0.81. The business's fifty day moving average is $78.65 and its 200 day moving average is $80.04.

Service Co. International (NYSE:SCI - Get Free Report) last released its quarterly 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, sell-side analysts anticipate that Service Co. International will post 3.84 EPS for the current year.

Service Co. International Increases Dividend

The business also recently disclosed 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. This is an increase from Service Co. International's previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Friday, March 14th. Service Co. International's payout ratio is currently 36.06%.

Service Co. International 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.